Delek Logistics Partners LP (DKL) Given Average Rating of “Hold” by Brokerages

Delek Logistics Partners LP (NYSE:DKL) has been given a consensus rating of “Hold” by the six analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $32.50.

Several brokerages recently issued reports on DKL. ValuEngine downgraded shares of Delek Logistics Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research cut shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 1st. Finally, Wells Fargo & Co cut shares of Delek Logistics Partners from an “outperform” rating to a “market perform” rating in a report on Thursday, March 1st.

NYSE:DKL traded down $0.55 during mid-day trading on Friday, hitting $27.65. The stock had a trading volume of 32,100 shares, compared to its average volume of 40,525. Delek Logistics Partners has a twelve month low of $26.60 and a twelve month high of $35.54. The company has a market capitalization of $719.06 million, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 3.32 and a beta of 1.09. The company has a debt-to-equity ratio of -5.65, a quick ratio of 1.26 and a current ratio of 1.61.

Delek Logistics Partners (NYSE:DKL) last issued its earnings results on Monday, May 7th. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.04. Delek Logistics Partners had a net margin of 12.98% and a negative return on equity of 144.78%. The business had revenue of $167.92 million during the quarter, compared to the consensus estimate of $154.61 million. equities analysts forecast that Delek Logistics Partners will post 2.9 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th were issued a $0.75 dividend. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 10.85%. The ex-dividend date of this dividend was Friday, May 4th. Delek Logistics Partners’s dividend payout ratio is currently 143.54%.

Institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC raised its holdings in Delek Logistics Partners by 33.6% in the 1st quarter. Guggenheim Capital LLC now owns 16,298 shares of the oil and gas producer’s stock valued at $462,000 after acquiring an additional 4,098 shares during the period. Meitav Dash Investments Ltd. bought a new position in Delek Logistics Partners in the 4th quarter valued at about $591,000. Franklin Square Holdings L.P. raised its holdings in Delek Logistics Partners by 22.8% in the 4th quarter. Franklin Square Holdings L.P. now owns 23,600 shares of the oil and gas producer’s stock valued at $748,000 after acquiring an additional 4,380 shares during the period. Deutsche Bank AG raised its holdings in Delek Logistics Partners by 215.8% in the 4th quarter. Deutsche Bank AG now owns 36,881 shares of the oil and gas producer’s stock valued at $1,169,000 after acquiring an additional 25,201 shares during the period. Finally, Global X Management Co. LLC raised its holdings in Delek Logistics Partners by 3.8% in the 1st quarter. Global X Management Co. LLC now owns 262,789 shares of the oil and gas producer’s stock valued at $7,450,000 after acquiring an additional 9,684 shares during the period. 24.34% of the stock is currently owned by hedge funds and other institutional investors.

Delek Logistics Partners Company Profile

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.

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