Delek Logistics Partners (DKL) Expected to Announce Earnings on Tuesday

Delek Logistics Partners (NYSE:DKL - Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $240.05 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Delek Logistics Partners Stock Down 1.2 %

Shares of NYSE:DKL traded down $0.49 during midday trading on Friday, reaching $39.96. The company's stock had a trading volume of 346,917 shares, compared to its average volume of 160,589. Delek Logistics Partners has a 1 year low of $37.02 and a 1 year high of $46.50. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The business has a 50 day moving average price of $42.23 and a 200 day moving average price of $40.94.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a $1.105 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $4.42 dividend on an annualized basis and a yield of 11.06%. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.10. Delek Logistics Partners's dividend payout ratio (DPR) is presently 156.74%.

Wall Street Analyst Weigh In

DKL has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Delek Logistics Partners from $46.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. Raymond James lifted their target price on Delek Logistics Partners from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Finally, StockNews.com cut Delek Logistics Partners from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $44.25.

Insiders Place Their Bets

In related news, Chairman Ezra Uzi Yemin acquired 3,750 shares of Delek Logistics Partners stock in a transaction on Monday, December 16th. The shares were bought at an average price of $39.95 per share, for a total transaction of $149,812.50. Following the completion of the purchase, the chairman now directly owns 162,217 shares in the company, valued at $6,480,569.15. This trade represents a 2.37 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

About Delek Logistics Partners

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.