Delek Logistics Partners (DKL) Scheduled to Post Earnings on Wednesday

Delek Logistics Partners (NYSE:DKL) will post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Delek Logistics Partners to post earnings of $0.90 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. Delek Logistics Partners had a negative return on equity of 147.45% and a net margin of 12.48%. The business had revenue of $264.63 million during the quarter, compared to analysts’ expectations of $257.17 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. On average, analysts expect Delek Logistics Partners to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Delek Logistics Partners Price Performance

Delek Logistics Partners stock opened at $38.88 on Tuesday. Delek Logistics Partners has a 12 month low of $37.02 and a 12 month high of $53.80. The business has a 50 day simple moving average of $41.16 and a 200-day simple moving average of $40.24. The stock has a market capitalization of $1.84 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.00 and a beta of 2.12.

Delek Logistics Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 8th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 11.32%. The ex-dividend date is Friday, November 8th. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.73. Delek Logistics Partners’s dividend payout ratio is 149.83%.

Wall Street Analyst Weigh In

DKL has been the topic of a number of recent analyst reports. Bank of America initiated coverage on Delek Logistics Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $36.00 price objective on the stock. StockNews.com lowered Delek Logistics Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Citigroup raised Delek Logistics Partners from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $45.00 in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, Delek Logistics Partners has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Buying and Selling at Delek Logistics Partners

In related news, EVP Joseph Israel acquired 3,076 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average price of $39.00 per share, with a total value of $119,964.00. Following the completion of the purchase, the executive vice president now directly owns 13,782 shares in the company, valued at approximately $537,498. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Delek Logistics Partners news, CFO Reuven Spiegel bought 3,885 shares of Delek Logistics Partners stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average cost of $38.98 per share, for a total transaction of $151,437.30. Following the completion of the transaction, the chief financial officer now owns 20,163 shares of the company’s stock, valued at $785,953.74. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph Israel bought 3,076 shares of Delek Logistics Partners stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average price of $39.00 per share, for a total transaction of $119,964.00. Following the completion of the transaction, the executive vice president now directly owns 13,782 shares of the company’s stock, valued at $537,498. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 12,934 shares of company stock valued at $504,348. Insiders own 1.00% of the company’s stock.

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.