Delek Logistics Partners (NYSE:DKL) Releases Quarterly Earnings Results

Delek Logistics Partners (NYSE:DKL - Get Free Report) released its earnings results on Tuesday. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06), Zacks reports. Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. The firm had revenue of $209.86 million during the quarter, compared to analyst estimates of $240.05 million.

Delek Logistics Partners Trading Up 2.9 %

Shares of DKL traded up $1.22 during trading hours on Friday, reaching $42.89. The company had a trading volume of 151,138 shares, compared to its average volume of 162,498. The firm has a 50 day simple moving average of $42.38 and a 200-day simple moving average of $41.01. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.28 and a beta of 2.10. Delek Logistics Partners has a 12-month low of $37.02 and a 12-month high of $45.71.

Delek Logistics Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were issued a $1.105 dividend. This represents a $4.42 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date of this dividend was Tuesday, February 4th. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.10. Delek Logistics Partners's dividend payout ratio (DPR) is currently 147.83%.

Insider Buying and Selling at Delek Logistics Partners

In other Delek Logistics Partners news, Chairman Ezra Uzi Yemin bought 3,750 shares of the company's stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of $39.95 per share, for a total transaction of $149,812.50. Following the acquisition, the chairman now owns 162,217 shares of the company's stock, valued at $6,480,569.15. The trade was a 2.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

Several analysts have recently commented on DKL shares. Raymond James raised their target price on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. StockNews.com downgraded shares of Delek Logistics Partners from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Truist Financial increased their price target on shares of Delek Logistics Partners from $46.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $44.25.

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.