Analysts Set Delek Logistics Partners, L.P. (NYSE:DKL) Price Target at $55.25

Delek Logistics Partners, L.P. (NYSE:DKL) has been given an average rating of “Hold” by the six analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $55.25.

Several equities research analysts recently weighed in on the stock. Mizuho increased their target price on shares of Delek Logistics Partners from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Citigroup restated a “neutral” rating and set a $52.00 price target (up from $47.00) on shares of Delek Logistics Partners in a research note on Friday, March 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Delek Logistics Partners in a report on Thursday, April 30th. Weiss Ratings downgraded Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Finally, Truist Financial started coverage on Delek Logistics Partners in a report on Tuesday, March 24th. They set a “hold” rating and a $57.00 price objective on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DKL. Van ECK Associates Corp boosted its holdings in Delek Logistics Partners by 4.9% during the fourth quarter. Van ECK Associates Corp now owns 5,547 shares of the oil and gas producer’s stock valued at $248,000 after purchasing an additional 258 shares in the last quarter. American Financial Group Inc. raised its holdings in shares of Delek Logistics Partners by 3.0% in the 4th quarter. American Financial Group Inc. now owns 17,000 shares of the oil and gas producer’s stock worth $759,000 after buying an additional 500 shares in the last quarter. Sharpepoint LLC raised its holdings in shares of Delek Logistics Partners by 1.4% in the 3rd quarter. Sharpepoint LLC now owns 37,868 shares of the oil and gas producer’s stock worth $1,725,000 after buying an additional 506 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Delek Logistics Partners by 303.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 910 shares during the period. Finally, Private Advisor Group LLC lifted its position in shares of Delek Logistics Partners by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 13,537 shares of the oil and gas producer’s stock worth $616,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 11.75% of the company’s stock.

Delek Logistics Partners Trading Down 0.8%

Shares of DKL stock opened at $50.89 on Wednesday. The firm has a market capitalization of $2.71 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 0.60 and a beta of 0.50. Delek Logistics Partners has a 1 year low of $41.10 and a 1 year high of $55.89. The firm’s fifty day simple moving average is $51.22 and its 200 day simple moving average is $49.43. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 386.77.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas producer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.20). Delek Logistics Partners had a return on equity of 1,917.10% and a net margin of 16.00%.The company had revenue of $297.47 million during the quarter, compared to analyst estimates of $239.87 million. As a group, sell-side analysts predict that Delek Logistics Partners will post 3.86 EPS for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a dividend of $1.13 per share. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.13. The ex-dividend date was Monday, May 4th. This represents a $4.52 annualized dividend and a dividend yield of 8.9%. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 143.04%.

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.