Delek Logistics Partners - DKL Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Delek Logistics Partners in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" DKL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DKL, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued 1 year price targets for Delek Logistics Partners' shares. Their DKL share price forecasts range from $48.00 to $48.00. On average, they anticipate the company's stock price to reach $48.00 in the next year. This suggests that the stock has a possible downside of 3.5%.
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Delek Logistics Partners' stock was trading at $45.25 at the beginning of the year. Since then, DKL shares have increased by 9.9% and is now trading at $49.73.
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Delek Logistics Partners saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 283,100 shares, an increase of 14.7% from the December 31st total of 246,800 shares. Based on an average trading volume of 66,700 shares, the days-to-cover ratio is presently 4.2 days. Currently, 3.2% of the company's shares are sold short.
View Delek Logistics Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our DKL earnings forecast.

Delek Logistics Partners, LP (NYSE:DKL) announced its quarterly earnings data on Monday, November, 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.15. The oil and gas producer had revenue of $294.03 million for the quarter, compared to the consensus estimate of $313.48 million. Delek Logistics Partners had a net margin of 16.51% and a negative trailing twelve-month return on equity of 143.27%.

Delek Logistics Partners declared a quarterly dividend on Monday, January 23rd. Stockholders of record on Thursday, February 2nd will be paid a dividend of $1.02 per share on Thursday, February 9th. This represents a $4.08 annualized dividend and a dividend yield of 8.20%. The ex-dividend date is Wednesday, February 1st. This is a boost from the stock's previous quarterly dividend of $0.99.
Read our dividend analysis for DKL.

Delek Logistics Partners (NYSE:DKL) pays an annual dividend of $3.96 per share and currently has a dividend yield of 7.84%. DKL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 108.79%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, DKL will have a dividend payout ratio of 73.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DKL.

Based on aggregate information from My MarketBeat watchlists, some companies that other Delek Logistics Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), NGL Energy Partners (NGL), Ares Capital (ARCC), New Residential Investment (NRZ), Höegh LNG Partners (HMLP), Annaly Capital Management (NLY), GasLog Partners (GLOP) and PBF Logistics (PBFX).

Delek Logistics Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "DKL."

Delek Logistics Partners' stock is owned by many different retail and institutional investors. Top institutional investors include MinichMacGregor Wealth Management LLC (0.00%). Insiders that own company stock include Charles J Brown III, Ezra Uzi Yemin, Francis C D'andrea, Francis C D'andrea, Nilah Staskus, Odely Sakazi and Reuven Spiegel.
View institutional ownership trends.

Shares of DKL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DKL stock can currently be purchased for approximately $49.73.

Delek Logistics Partners (NYSE:DKL) has a market capitalization of $2.16 billion and generates $700.90 million in revenue each year. The oil and gas producer earns $164.82 million in net income (profit) each year or $3.64 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Delek Logistics Partners' mailing address is 7102 COMMERCE WAY, BRENTWOOD TN, 37027. The official website for the company is www.deleklogistics.com. The oil and gas producer can be reached via phone at (615) 771-6701 or via email at dklir@deleklogistics.com.