Delek Logistics Partners (NYSE:DKL) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Delek Logistics Partners (NYSE:DKL) announced its quarterly earnings data on Tuesday. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06), Zacks reports. The firm had revenue of $209.86 million for the quarter, compared to analyst estimates of $240.05 million. Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%.

Delek Logistics Partners Trading Down 0.3 %

Shares of NYSE:DKL opened at $41.53 on Thursday. Delek Logistics Partners has a 52 week low of $37.02 and a 52 week high of $46.50. The firm has a market capitalization of $2.14 billion, a P/E ratio of 14.73, a PEG ratio of 1.28 and a beta of 2.10. The firm’s 50 day moving average is $42.30 and its two-hundred day moving average is $40.97.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were given a dividend of $1.105 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $4.42 annualized dividend and a dividend yield of 10.64%. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.10. Delek Logistics Partners’s dividend payout ratio is currently 156.74%.

Insider Buying and Selling at Delek Logistics Partners

In related news, Chairman Ezra Uzi Yemin bought 3,750 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $39.95 per share, for a total transaction of $149,812.50. Following the transaction, the chairman now directly owns 162,217 shares of the company’s stock, valued at approximately $6,480,569.15. This represents a 2.37 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

DKL has been the topic of several research reports. StockNews.com lowered Delek Logistics Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Truist Financial raised their price target on shares of Delek Logistics Partners from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Delek Logistics Partners has a consensus rating of “Hold” and an average price target of $44.25.

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.