Delek Logistics Partners (DKL) Posts Earnings Results, Misses Estimates By $0.08 EPS

Delek Logistics Partners (NYSE:DKL) released its quarterly earnings results on Monday. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.08), MarketWatch Earnings reports. Delek Logistics Partners had a negative return on equity of 68.73% and a net margin of 13.71%. The company had revenue of $152.48 million for the quarter, compared to analysts’ expectations of $151.96 million.

Shares of NYSE:DKL traded up $0.01 during trading on Tuesday, hitting $30.69. 2,940 shares of the stock were exchanged, compared to its average volume of 30,902. The firm has a market capitalization of $817.38 million, a price-to-earnings ratio of 11.58 and a beta of 1.08. Delek Logistics Partners has a 12-month low of $26.50 and a 12-month high of $35.50.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.82 per share. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, May 6th. This represents a $3.28 annualized dividend and a dividend yield of 10.69%. Delek Logistics Partners’s payout ratio is 122.26%.

Large investors have recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of Delek Logistics Partners by 2,214.8% during the 4th quarter. Barclays PLC now owns 2,824 shares of the oil and gas producer’s stock worth $83,000 after acquiring an additional 2,702 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Delek Logistics Partners by 4.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 294,939 shares of the oil and gas producer’s stock worth $8,627,000 after acquiring an additional 12,841 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Delek Logistics Partners by 116.5% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 258,162 shares of the oil and gas producer’s stock worth $7,551,000 after acquiring an additional 138,913 shares in the last quarter. Arrow Investment Advisors LLC boosted its stake in shares of Delek Logistics Partners by 23.4% during the 1st quarter. Arrow Investment Advisors LLC now owns 16,948 shares of the oil and gas producer’s stock worth $550,000 after acquiring an additional 3,211 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Delek Logistics Partners by 7.1% during the 4th quarter. FMR LLC now owns 189,300 shares of the oil and gas producer’s stock worth $5,538,000 after acquiring an additional 12,606 shares in the last quarter. 22.51% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on DKL. Zacks Investment Research lowered Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. ValuEngine lowered Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd.

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About Delek Logistics Partners

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.

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Earnings History for Delek Logistics Partners (NYSE:DKL)

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