Delek Logistics Partners, L.P. (NYSE:DKL) Given Average Recommendation of “Hold” by Analysts

Delek Logistics Partners, L.P. (NYSE:DKL) has earned a consensus rating of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $50.6667.

Several equities analysts have recently commented on DKL shares. Zacks Research downgraded shares of Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings upgraded Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Citigroup reiterated a “neutral” rating and issued a $52.00 price objective (up from $47.00) on shares of Delek Logistics Partners in a report on Friday. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price objective on shares of Delek Logistics Partners in a research report on Thursday.

Delek Logistics Partners Stock Down 0.3%

Shares of Delek Logistics Partners stock opened at $53.05 on Friday. The company has a debt-to-equity ratio of 386.77, a quick ratio of 0.98 and a current ratio of 1.12. Delek Logistics Partners has a 52-week low of $34.59 and a 52-week high of $55.89. The company’s 50 day moving average price is $50.26 and its 200-day moving average price is $46.65. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.48 and a beta of 0.51.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Friday, February 27th. The oil and gas producer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.38). The firm had revenue of $255.77 million for the quarter, compared to analysts’ expectations of $283.64 million. Delek Logistics Partners had a net margin of 17.41% and a return on equity of 461.30%. Equities research analysts forecast that Delek Logistics Partners will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a $1.125 dividend. This represents a $4.50 annualized dividend and a yield of 8.5%. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.12. The ex-dividend date was Thursday, February 5th. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 136.78%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its stake in shares of Delek Logistics Partners by 2.5% during the 3rd quarter. Alps Advisors Inc. now owns 4,323,382 shares of the oil and gas producer’s stock valued at $196,887,000 after purchasing an additional 104,115 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Delek Logistics Partners by 5.6% in the second quarter. Westwood Holdings Group Inc. now owns 231,169 shares of the oil and gas producer’s stock worth $9,929,000 after buying an additional 12,266 shares during the period. JPMorgan Chase & Co. boosted its position in Delek Logistics Partners by 16.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 327,466 shares of the oil and gas producer’s stock valued at $14,065,000 after acquiring an additional 46,069 shares in the last quarter. TT Capital Management LLC bought a new stake in Delek Logistics Partners during the 2nd quarter valued at approximately $1,270,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Delek Logistics Partners during the 4th quarter worth approximately $1,054,000. 11.75% of the stock is currently owned by institutional investors.

Delek Logistics Partners Company Profile

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.