Delek Logistics Partners, L.P. (NYSE:DKL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Delek Logistics Partners, L.P. (NYSE:DKL) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $55.40.

DKL has been the topic of several research reports. Zacks Research upgraded Delek Logistics Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $60.00 price objective on shares of Delek Logistics Partners in a report on Thursday, April 30th. Mizuho lifted their target price on shares of Delek Logistics Partners from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Finally, UBS Group started coverage on shares of Delek Logistics Partners in a research report on Thursday, July 16th. They issued a “neutral” rating and a $56.00 price target for the company.

Institutional Trading of Delek Logistics Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. raised its position in Delek Logistics Partners by 3.8% during the 4th quarter. Alps Advisors Inc. now owns 4,489,123 shares of the oil and gas producer’s stock worth $200,305,000 after purchasing an additional 165,741 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Delek Logistics Partners by 4.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,584,902 shares of the oil and gas producer’s stock worth $72,176,000 after buying an additional 61,840 shares during the period. JPMorgan Chase & Co. grew its position in shares of Delek Logistics Partners by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 431,845 shares of the oil and gas producer’s stock valued at $19,269,000 after buying an additional 4,879 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Delek Logistics Partners by 11.2% in the 3rd quarter. Raymond James Financial Inc. now owns 228,090 shares of the oil and gas producer’s stock valued at $10,387,000 after buying an additional 23,054 shares during the last quarter. Finally, Infrastructure Capital Advisors LLC increased its stake in shares of Delek Logistics Partners by 2.4% in the first quarter. Infrastructure Capital Advisors LLC now owns 156,476 shares of the oil and gas producer’s stock valued at $7,786,000 after buying an additional 3,596 shares during the period. 11.75% of the stock is currently owned by institutional investors and hedge funds.

Delek Logistics Partners Price Performance

Shares of DKL opened at $60.60 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 386.77. The stock has a market cap of $3.22 billion, a PE ratio of 19.18, a PEG ratio of 0.66 and a beta of 0.47. Delek Logistics Partners has a 12-month low of $41.72 and a 12-month high of $61.50. The business has a 50-day simple moving average of $53.07 and a two-hundred day simple moving average of $52.03.

Delek Logistics Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be issued a dividend of $1.135 per share. This represents a $4.54 dividend on an annualized basis and a dividend yield of 7.5%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.13. The ex-dividend date is Monday, August 3rd. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 143.67%.

About Delek Logistics Partners

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.