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

Delek Logistics Partners (NYSE:DKL) is projected 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. Parties interested in listening to the company’s conference call can do so using this link.

Delek Logistics Partners Stock Performance

Shares of DKL opened at $39.96 on Monday. Delek Logistics Partners has a 1 year low of $37.02 and a 1 year high of $46.50. The stock has a market capitalization of $2.06 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.28 and a beta of 2.10. The company’s fifty day moving average is $42.24 and its two-hundred day moving average is $40.95.

Delek Logistics Partners Increases Dividend

The firm 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. The ex-dividend date was Tuesday, February 4th. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.10. This represents a $4.42 annualized dividend and a dividend yield of 11.06%. Delek Logistics Partners’s payout ratio is currently 156.74%.

Insiders Place Their Bets

In other news, Chairman Ezra Uzi Yemin acquired 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 transaction, the chairman now owns 162,217 shares in the company, valued at approximately $6,480,569.15. This trade represents a 2.37 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DKL has been the subject of several analyst reports. StockNews.com lowered Delek Logistics Partners from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Raymond James increased their price target on Delek Logistics Partners from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Truist Financial increased their price target on Delek Logistics Partners from $46.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. 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.