Brokerages Set Delek Logistics Partners, L.P. (NYSE:DKL) PT at $44.25

Delek Logistics Partners, L.P. (NYSE:DKL) has been given an average recommendation of “Hold” by the five analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $44.25.

Several research firms have weighed in on DKL. Mizuho lifted their price objective on shares of Delek Logistics Partners from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Delek Logistics Partners in a report on Saturday, September 27th.

Insider Activity at Delek Logistics Partners

In related news, Director Charles J. Brown III sold 1,134 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.91, for a total transaction of $48,659.94. Following the transaction, the director directly owned 17,971 shares of the company’s stock, valued at approximately $771,135.61. The trade was a 5.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 2,134 shares of company stock worth $93,660 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Delek Logistics Partners

Several institutional investors and hedge funds have recently modified their holdings of DKL. Osaic Holdings Inc. raised its holdings in shares of Delek Logistics Partners by 245.8% during the second quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock worth $115,000 after acquiring an additional 1,910 shares in the last quarter. TT Capital Management LLC acquired a new position in Delek Logistics Partners in the 2nd quarter worth about $1,270,000. State of Wyoming purchased a new stake in shares of Delek Logistics Partners during the 2nd quarter worth about $318,000. Westwood Holdings Group Inc. raised its stake in shares of Delek Logistics Partners by 5.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 231,169 shares of the oil and gas producer’s stock worth $9,929,000 after purchasing an additional 12,266 shares in the last quarter. Finally, HRT Financial LP grew its stake in shares of Delek Logistics Partners by 278.3% in the 2nd quarter. HRT Financial LP now owns 74,704 shares of the oil and gas producer’s stock valued at $3,208,000 after buying an additional 54,959 shares in the last quarter. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

Delek Logistics Partners Trading Up 0.1%

Delek Logistics Partners stock opened at $44.80 on Friday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59. Delek Logistics Partners has a 1 year low of $34.59 and a 1 year high of $48.00. The firm’s 50 day moving average price is $44.33 and its two-hundred day moving average price is $42.45. The company has a debt-to-equity ratio of 69.13, a quick ratio of 0.89 and a current ratio of 0.93.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $246.35 million during the quarter, compared to analyst estimates of $289.07 million. Delek Logistics Partners had a net margin of 16.58% and a return on equity of 1,224.47%. On average, research analysts predict that Delek Logistics Partners will post 3.01 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 8th were issued a $1.115 dividend. The ex-dividend date was Friday, August 8th. This represents a $4.46 dividend on an annualized basis and a dividend yield of 10.0%. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.11. Delek Logistics Partners’s dividend payout ratio is currently 151.19%.

Delek Logistics Partners Company Profile

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.