Delek Logistics Partners (NYSE:DKL) Posts Earnings Results, Misses Estimates By $0.06 EPS

Delek Logistics Partners (NYSE:DKL) posted its quarterly earnings results on Tuesday. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06), Zacks reports. Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%.

Delek Logistics Partners Trading Up 1.8 %

DKL traded up $0.73 on Tuesday, reaching $40.75. The stock had a trading volume of 39,294 shares, compared to its average volume of 156,591. The firm has a 50-day moving average of $42.24 and a 200-day moving average of $40.95. Delek Logistics Partners has a fifty-two week low of $37.02 and a fifty-two week high of $46.50. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10.

Delek Logistics Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a dividend of $1.105 per share. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, February 4th. This represents a $4.42 annualized dividend and a dividend yield of 10.85%. Delek Logistics Partners’s dividend payout ratio (DPR) is 156.74%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Chairman Ezra Uzi Yemin acquired 3,750 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $39.95 per share, for a total transaction of $149,812.50. Following the completion of the acquisition, the chairman now directly owns 162,217 shares of the company’s stock, valued at approximately $6,480,569.15. This trade represents a 2.37 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at 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.