NYSE:DKL

Delek Logistics Partners (DKL) Stock Price, News & Analysis

$38.82
+0.27 (+0.70%)
(As of 11:20 AM ET)
Today's Range
$38.70
$38.89
50-Day Range
$37.31
$45.00
52-Week Range
$36.50
$58.81
Volume
7,539 shs
Average Volume
77,664 shs
Market Capitalization
$1.69 billion
P/E Ratio
14.01
Dividend Yield
11.03%
Price Target
$45.33

Delek Logistics Partners MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
17.6% Upside
$45.33 Price Target
Short Interest
Healthy
2.22% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.22mentions of Delek Logistics Partners in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.90%
From $3.27 to $3.79 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.02 out of 5 stars

Oils/Energy Sector

389th out of 730 stocks

Pipelines, Except Natural Gas Industry

10th out of 30 stocks

DKL stock logo

About Delek Logistics Partners Stock (NYSE:DKL)

Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The Gathering and Processing segment consists of pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties. The Wholesale Marketing and Terminalling segment includes refined products terminals and pipelines in Texas, Tennessee, and Arkansas. This segment provides marketing services for the refined products and terminalling services at refined products terminals to independent third parties. The Storage and Transportation segment comprises tanks, offloading facilities, trucks, and ancillary assets, which provide crude oil, intermediate, and refined products transportation and storage services. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.

DKL Stock Price History

DKL Stock News Headlines

StockNews.com Upgrades Delek Logistics Partners (NYSE:DKL) to Buy
Q1 2024 Delek Logistics Partners LP Earnings Call
3 Ultra-Yield Dividend Stocks Retirees Can Trust
Delek Logistics Partners LP
DKL Delek Logistics Partners, LP Common Units
DKL Aug 2024 60.000 call
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 3/8 Dividend
2/29/2024
Dividend Payable
3/08/2024
Ex-Dividend for 5/15 Dividend
5/07/2024
Today
5/13/2024
Dividend Payable
5/15/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$45.33
High Stock Price Target
$46.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+17.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$126.24 million
Pretax Margin
11.93%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$5.55 per share
Book Value
($3.71) per share

Miscellaneous

Free Float
43,181,000
Market Cap
$1.68 billion
Optionable
Optionable
Beta
2.07

Social Links

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Key Executives

  • Mr. Ezra Uzi Yemin (Age 56)
    Executive Chairman of Delek Logistics GP LLC
  • Mr. Reuven Avraham Spiegel (Age 68)
    Executive VP, CFO & Director of Delek Logistics GP LLC
  • Ms. Denise Clark McWatters (Age 64)
    Executive VP, General Counsel & Secretary of Delek Logistics GP LLC
  • Mr. Odely Sakazi (Age 40)
    Senior Vice President of Delek Logistics GP LLC
    Comp: $843.5k
  • Mr. Avigal Soreq (Age 46)
    President, CEO & Director of Delek Logistics GP, LLC
  • Mr. Joseph Israel (Age 52)
    Executive Vice President of Operations
  • Mr. Robert Wright (Age 40)
    Senior VP & Chief Accounting Officer of Delek Logistics GP, LLC
  • Ms. Rosy Zuklic (Age 50)
    Vice President of Investor Relations & Market Intelligence of Delek Logistics GP, LLC
  • Mr. Michael P. Ralsky
    Vice President of Public Affairs & ESG
  • Mr. Jared Paul Serff (Age 56)
    Executive Vice President of Delek Logistics GP LLC

DKL Stock Analysis - Frequently Asked Questions

Should I buy or sell Delek Logistics Partners stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Delek Logistics Partners in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DKL shares.
View DKL analyst ratings
or view top-rated stocks.

What is Delek Logistics Partners' stock price target for 2024?

3 brokerages have issued 12-month price targets for Delek Logistics Partners' shares. Their DKL share price targets range from $45.00 to $46.00. On average, they predict the company's share price to reach $45.33 in the next year. This suggests a possible upside of 17.6% from the stock's current price.
View analysts price targets for DKL
or view top-rated stocks among Wall Street analysts.

How have DKL shares performed in 2024?

Delek Logistics Partners' stock was trading at $43.17 at the beginning of 2024. Since then, DKL stock has decreased by 10.7% and is now trading at $38.55.
View the best growth stocks for 2024 here
.

Are investors shorting Delek Logistics Partners?

Delek Logistics Partners saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 275,100 shares, an increase of 85.1% from the April 15th total of 148,600 shares. Based on an average daily volume of 94,800 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.2% of the company's stock are short sold.
View Delek Logistics Partners' Short Interest
.

When is Delek Logistics Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our DKL earnings forecast
.

How were Delek Logistics Partners' earnings last quarter?

Delek Logistics Partners, LP (NYSE:DKL) released its quarterly earnings data on Tuesday, February, 27th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. The oil and gas producer earned $254.15 million during the quarter, compared to analysts' expectations of $272.51 million. Delek Logistics Partners had a negative trailing twelve-month return on equity of 115.32% and a net margin of 11.81%.

How often does Delek Logistics Partners pay dividends? What is the dividend yield for Delek Logistics Partners?

Delek Logistics Partners declared a quarterly dividend on Thursday, April 25th. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.025 per share on Wednesday, May 15th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date of this dividend is Tuesday, May 7th. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for DKL
.

Is Delek Logistics Partners a good dividend stock?

Delek Logistics Partners (NYSE:DKL) pays an annual dividend of $4.28 per share and currently has a dividend yield of 10.96%. DKL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 154.51%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, DKL will have a dividend payout ratio of 112.93% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for DKL.

What other stocks do shareholders of Delek Logistics Partners own?

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).

Who are Delek Logistics Partners' major shareholders?

Delek Logistics Partners' stock is owned by many different institutional and retail investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (3.40%), Kayne Anderson Capital Advisors LP (0.58%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.17%), Raymond James Financial Services Advisors Inc. (0.10%), GSA Capital Partners LLP (0.09%) and Strategic Financial Concepts LLC (0.03%). Insiders that own company stock include Avigal Soreq, 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
.

How do I buy shares of Delek Logistics Partners?

Shares of DKL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:DKL) was last updated on 5/14/2024 by MarketBeat.com Staff

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