Delek Logistics
About: Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil and intermediate and refined products. The company's segment includes Pipelines and Transportation; Pipelines and Transportation and Investments in Pipeline Joint Ventures. It generates maximum revenue from the Pipelines and Transportation segment. The pipelines and Transportation segment consist of pipelines, tanks, offloading facilities, trucks, and ancillary assets, which provide crude oil gathering and crude oil, intermediate and refined products transportation and storage services in support of Delek Holdings' refining operations in Tyler, Texas, El Dorado, Arkansas and Spring, Texas.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
8% more funds holding
Funds holding: 64 [Q2] → 69 (+5) [Q3]
5% more call options, than puts
Call options by funds: $4.53M | Put options by funds: $4.3M
3.4% less ownership
Funds ownership: 19.39% [Q2] → 15.98% (-3.4%) [Q3]
6% less capital invested
Capital invested by funds: $350M [Q2] → $330M (-$20.5M) [Q3]
21% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 24
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$36
11%
downside
Avg. target
$43
6%
upside
High target
$50
23%
upside
2 analyst ratings
1 positive
50%
0 neutral
0%
1 negative
50%
Truist Securities Neal Dingmann 34% 1-year accuracy 47 / 140 met price target | 23%upside $50 | Buy Maintained | 18 Nov 2024 |
B of A Securities Jean Ann Salisbury 64% 1-year accuracy 9 / 14 met price target | 11%downside $36 | Underperform Reinstated | 17 Oct 2024 |
Financial journalist opinion
Based on 4 articles about DKL published over the past 30 days
Positive
Seeking Alpha
4 days ago
11-14% Yields: Give Yourself The Gift Of Dividends For Christmas
Big dividend stocks are on a big holiday sale this Christmas season. Even in some of the most in-favor sectors of the high-yield space, bargains can still be found. I share some well-covered 11-14% dividend yields that can be found on the bargain rack.
Positive
The Motley Fool
5 days ago
If You Like Enterprise Products Partners, You Should Check Out This More Than 10%-Yielding Peer
Enterprise Products Partners (EPD -0.62%) is a popular income investment, and rightly so. The master limited partnership (MLP) has increased its distribution for 26 straight years.
Neutral
PRNewsWire
1 week ago
Gravity Agrees to Sell Water Midstream Business to Delek Logistics
HOUSTON , Dec. 12, 2024 /PRNewswire/ -- Gravity Oilfield Services Inc. ("Gravity" or the "company"), a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P. ("Clearlake"), announced today that it has agreed to sell its Gravity Water Midstream division to Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics").
Neutral
Business Wire
1 week ago
Delek Logistics' Announces FID on Acid Gas Injection “AGI” at the Libby Gas Complex, Incremental Crude Acreage Dedication and a Bolt-on Water Acquisition
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics” or “DKL”) announced the development of permitted acid gas injection “AGI” capabilities at its under-construction Libby 2 gas processing plant. “We are committed to executing our strategy of being the preferred oil, gas and water midstream services provider in the Permian Basin. Delek Logistics continues to provide the best combination of yield and growth in the midstream sector. We are determined to s.
Positive
Seeking Alpha
1 month ago
The Higher They Soar, The More I Buy
My favorite sector has performed extremely well in recent years. However, despite the incredible run it has been on, I think now is the best time yet to buy it. I share why and some of my top picks of the moment in the sector.
Positive
Seeking Alpha
1 month ago
10-12% Yields: The More They Drop, The More I Buy
The market has been soaring lately due to Fed rate cuts, lowered recession fears, and a Republican sweep of the November elections. However, there are still some very compelling high-yield opportunities available. We discuss two 10-12% yields that are growing their payouts, have strong balance sheets, and defensive business models that the market seems to have overlooked.
Positive
Seeking Alpha
1 month ago
Delek Logistics Partners Upgraded After Q3 Results
Delek Logistics Partners, LP is now rated a potential buy opportunity, with a target price between $40 and $44 per share. Despite a 17.84% drop in share price over the past year, momentum is positive, and insiders have been buying shares. DKL has a high dividend yield of +11%, but the payout ratio might be unsustainable at ~145%, raising concerns.
Positive
Seeking Alpha
1 month ago
Delek Logistics Partners: Impressive Q3 Performance, Buy
Delek Logistics Partners, LP has shown impressive yield growth, now at nearly 11%, with 47 consecutive quarterly dividend increases despite recent capital losses. The Q3 earnings report highlighted a record $107M in quarterly adjusted EBITDA, an 8.5% YoY increase, and successful integration of new acquisitions. DKL management's focus on operational efficiency and strategic acquisitions supports ongoing dividend hikes and financial stability, despite the sector's inherent volatility.
Neutral
Seeking Alpha
1 month ago
Delek Logistics Partners, LP Common Units (DKL) Q3 2024 Earnings Call Transcript
Delek Logistics Partners, LP Common Units (NYSE:DKL ) Q3 2024 Earnings Call November 6, 2024 11:30 AM ET Company Participants Robert Wright - Deputy Chief Financial Officer Avigal Soreq - President Joseph Israel - Executive Vice President, Operations Reuven Spiegel - Executive Vice President and Chief Financial Officer Odely Sakazi - Senior Vice President Conference Call Participants Doug Irwin - Citi Neal Dingmann - Truist Securities Operator Thank you for standing by. My name is Joel, and I will be your conference operator today.
Neutral
Business Wire
1 month ago
Delek Logistics Reports Record Third Quarter 2024 Results
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the third quarter 2024. “Delek Logistics continues to provide the best combination of yield and growth in the midstream sector. We are proud of the 47th consecutive increase in our distribution and we expect to continue to increase our distribution in the future. The completion of our previously announced strategic actions position Delek Logistics as a premie.
Charts implemented using Lightweight Charts™