Delek Logistics Partners (DKL) Projected to Post Quarterly Earnings on Tuesday

Delek Logistics Partners (NYSE:DKL) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $240.05 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Delek Logistics Partners Stock Performance

Shares of DKL opened at $39.96 on Friday. The firm’s 50 day moving average price is $42.24 and its two-hundred day moving average price is $40.94. Delek Logistics Partners has a twelve month low of $37.02 and a twelve month high of $46.50. The firm has a market cap of $2.06 billion, a P/E ratio of 14.17, a PEG ratio of 1.28 and a beta of 2.10.

Delek Logistics Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were given a $1.105 dividend. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.10. This represents a $4.42 annualized dividend and a yield of 11.06%. The ex-dividend date was Tuesday, February 4th. Delek Logistics Partners’s payout ratio is currently 156.74%.

Insider Buying and Selling at Delek Logistics Partners

In other Delek Logistics Partners news, Chairman Ezra Uzi Yemin purchased 3,750 shares of the stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $39.95 per share, for a total transaction of $149,812.50. Following the purchase, the chairman now owns 162,217 shares of the company’s stock, valued at approximately $6,480,569.15. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

DKL has been the topic of several research reports. Truist Financial boosted their price objective on shares of Delek Logistics Partners from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Raymond James boosted their price objective on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, StockNews.com cut shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. One 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.25.

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.