Delek Logistics Partners, LP (NYSE:DKL – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 49,700 shares, an increase of 58.8% from the February 29th total of 31,300 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 67,000 shares, the short-interest ratio is currently 0.7 days.
Analysts Set New Price Targets
Separately, Raymond James upgraded shares of Delek Logistics Partners from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Tuesday, March 19th.
Check Out Our Latest Research Report on DKL
Hedge Funds Weigh In On Delek Logistics Partners
Delek Logistics Partners Stock Up 0.1 %
Shares of Delek Logistics Partners stock traded up $0.05 during midday trading on Friday, hitting $40.99. The company had a trading volume of 106,386 shares, compared to its average volume of 140,079. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 14.09 and a beta of 2.08. The company has a fifty day simple moving average of $43.62 and a 200 day simple moving average of $44.60. Delek Logistics Partners has a 12-month low of $36.50 and a 12-month high of $58.81.
Delek Logistics Partners (NYSE:DKL – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The oil and gas producer reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. The firm had revenue of $254.15 million during the quarter, compared to analyst estimates of $272.51 million. Delek Logistics Partners had a net margin of 12.37% and a negative return on equity of 102.99%. As a group, analysts expect that Delek Logistics Partners will post 3.48 EPS for the current year.
Delek Logistics Partners Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 1st were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, February 29th. Delek Logistics Partners’s dividend payout ratio is presently 145.52%.
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.
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