Delek Logistics Partners LP stock hits 52-week high at $45.80

Delek Logistics Partners LP (NYSE:DKL) stock has reached a significant milestone, achieving a 52-week high of $45.80. The company, with a market capitalization of $2.44 billion, has demonstrated remarkable dividend consistency, having raised its payments for 12 consecutive years. According to InvestingPro analysis, the stock currently offers an attractive 9.9% dividend yield. This development marks a notable point for the company, reflecting investor confidence and market performance over the past year. The stock’s ascent to this new height underscores a positive trend, with InvestingPro data showing an impressive total return of 21.98% over the past year. Trading at a P/E ratio of 15.3, the stock is currently fairly valued according to InvestingPro’s Fair Value assessment. For investors seeking deeper insights, InvestingPro offers 10 additional tips and comprehensive analysis in their Pro Research Report, available with a subscription.

In other recent news, Delek Logistics Partners LP reported strong revenue growth for Q1 2025, surpassing forecasts with a revenue of $249.93 million against the projected $235.98 million. However, the company’s earnings per share (EPS) fell short of expectations, coming in at $0.73 compared to the anticipated $0.84. Fitch Ratings downgraded Delek Logistics’ Issuer Default Rating to ’B+’ from ’BB-’, while maintaining a Stable outlook. The downgrade also affected the unsecured debt co-issued by Delek Logistics Finance Corp., which was lowered to ’B+’ from ’BB-’. Mizuho (NYSE:MFG) initiated coverage on Delek Logistics with a neutral rating and a $44.00 price target. The firm highlighted Delek’s Permian growth strategy and its shift from an inorganic growth story to a third-party facing midstream business. These developments reflect a mix of financial performance and strategic positioning for the company.

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