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.
View DKL analyst ratings or view top-rated stocks.

1 brokerages have issued 1 year target prices for Delek Logistics Partners' stock. 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 twelve months. This suggests that the stock has a possible downside of 2.7%.
View analysts price targets for DKL or view top-rated stocks among Wall Street analysts.

Delek Logistics Partners' stock was trading at $45.25 at the beginning of the year. Since then, DKL stock has increased by 9.0% and is now trading at $49.32.
View the best growth stocks for 2023 here.

Delek Logistics Partners saw a increase in short interest in March. As of March 15th, there was short interest totaling 381,500 shares, an increase of 6.6% from the February 28th total of 357,900 shares. Based on an average daily trading volume, of 43,700 shares, the short-interest ratio is currently 8.7 days. Currently, 4.4% of the shares of the stock are sold short.
View Delek Logistics Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our DKL earnings forecast.

Delek Logistics Partners, LP (NYSE:DKL) released its quarterly earnings results on Thursday, November, 4th. The oil and gas producer reported $1.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by $0.09. The oil and gas producer earned $189.63 million during the quarter, compared to the consensus estimate of $172.75 million. Delek Logistics Partners had a net margin of 15.35% and a negative trailing twelve-month return on equity of 142.03%. During the same period in the prior year, the company posted $1.26 earnings per share.

Delek Logistics Partners announced 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 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend is Wednesday, February 1st. This is a positive change from the stock's previous quarterly dividend of $0.99.
Read our dividend analysis for DKL.

ETFs with the largest weight of Delek Logistics Partners (NYSE:DKL) stock in their portfolio include Global X MLP ETF (MLPA), InfraCap MLP ETF (AMZA), GraniteShares HIPS US High Income ETF (HIPS), Virtus Real Asset Income ETF (VRAI), Alerian MLP ETF (AMLP), Arrow Dow Jones Global Yield ETF (GYLD), First Trust Multi-Asset Diversified Income Index Fund (MDIV) and Global X MLP & Energy Infrastructure ETF (MLPX).

Delek Logistics Partners (NYSE:DKL) pays an annual dividend of $4.08 per share and currently has a dividend yield of 8.19%. 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 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 111.48%. 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 67.44% 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 shareholders include Alps Advisors Inc. (3.01%), Mirae Asset Global Investments Co. Ltd. (2.91%), JPMorgan Chase & Co. (0.37%), Group One Trading L.P. (0.00%), First Trust Advisors LP (0.15%) and UBS Group AG (0.11%). 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.
Compare Top Brokerages Here.

One share of DKL stock can currently be purchased for approximately $49.32.

Delek Logistics Partners (NYSE:DKL) has a market capitalization of $2.15 billion and generates $1.04 billion in revenue each year. The oil and gas producer earns $159.05 million in net income (profit) each year or $3.66 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.