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How to Buy Delek Logistics Partners Stock

Delek Logistics Partners LP

Delek Logistics Partners is a oil & gas refining & marketing company located in Tennessee, United States, which is part of the Energy sector, and is traded under the ticker DKL on the NYSE exchange.

Delek Logistics Partners stock last closed at $40.15, up 2.79% from the previous day, and has decreased 29.25% in one year. It has underperformed other stocks in the Oil & Gas Refining & Marketing industry by 0.46 percentage points. Delek Logistics Partners stock is currently +10% from its 52-week low of $36.50, and -30.67% from its 52-week high of $57.92.

At the moment, there are 47.22M DKL shares outstanding. The market capitalization of DKL is $1.90B. In the last 24 hours, 94,490 DKL shares were traded.

How to Buy Delek Logistics Partners Stock

Not sure how to invest in Delek Logistics Partners stock? Here's how.
  1. Figure out where to buy Delek Logistics Partners stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Delek Logistics Partners stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Select your payment method and add your information.
  4. Analyze Delek Logistics Partners stock: The Delek Logistics Partners ticker symbol is DKL. Is Delek Logistics Partners stock a good investment? Should you buy shares of DKL? How do DKL's underlying business fundamentals look? Do top analysts think Delek Logistics Partners is a good buy? Why has DKL's stock price moved recently? (Hint: Our stock research website can help you evaluate if DKL is a good stock to buy).
  5. Execute your DKL trade: Decide if you will purchase DKL shares at the current market price or use a limit order to purchase DKL shares at a given price.
  6. Get updates on your DKL investment: Create a watchlist to monitor your new investment in Delek Logistics Partners shares.

Step 1: Figure out where to buy Delek Logistics Partners stock

You need an online brokerage account to access the NYSE market and buy DKL stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen the best brokerage, the next step is to fill out some personal information so you are able to buy DKL today.

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Step 3: Deposit money your investment account

Now that you've created your account on the stock trading app, you need to deposit funds:

Watch this video walkthrough to see the process of transferring funds into your new brokerage account.

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Step 4: Analyze Delek Logistics Partners stock

Once you have chosen the best place to buy Delek Logistics Partners stock, it's crucial to analyze their stock before you invest, so you actually comprehend the risk as well as the opportunity.

Delek Logistics Partners stock at a glance

DKL Price
$40.15
1w %
2.87%
1y %
-29.25%
5y %
29.6%
P/E
14.44x
P/B
-44.64x
P/S
1.73x
PEG
1.01x
Revenue
$1.03B
Earnings
$121.52M
Fore. Rev. Growth
0.63%
Fore. Earn. Growth
17.63%
Market Cap
$1.90B
Next Earnings
Aug 5, 2024
Next Dividend
N/A

Delek Logistics Partners Zen Score

WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on DKL's stock page.

Is DKL stock undervalued?

Investors use many financial metrics, analyses, models, and charts to gauge DKL's fair value.

Using relative valuations methods:

  • DKL could be overvalued based on its P/E ratio of 14.44x, relative to Oil & Gas Refining & Marketing industry P/E ratio of 8.43x
  • DKL could be overvalued based on its PEG ratio of 1.01x

You can do more valuation analysis on DKL's stock here.

A look at DKL Cashflows and Balance Sheet

Pros:

  • There are more short-term assets than short-term liabilities on the DKL balance sheet.

Cons:

  • DKL profit margin has gone down from 14.6% to 11.8% in the past year.
  • Total DKL debt is still negative.
  • DKL's operating cash flow of $239.99M allows it to safely service it's debt of $1.62B.
  • DKL debt to equity ratio of -39.96 is negative.
  • There are more long-term liabilities than short-term assets on the DKL balance sheet.
  • DKL earnings of $273.64M is not sufficient to cover its interest payments.

Is DKL stock a Buy, Hold, or Sell, according to analysts?

Out of 2 Equities analysts who give ratings on DKL, the consensus analyst rating on DKL is a Strong Buy

Please note that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are saying on the Delek Logistics Partners stock forecast page.

DKL Technical Indicators

SMA10
39.39
SMA20
39.45
SMA50
39.22
SMA100
40.91
SMA200
42.99
MACD
0.02
MACD Signal
-0.02
MACD Histogram
0.05
RSI
56.82
Stochastic %K
65.39
Stochastic %D
50.93
StochRSI %K
72.7
StochRSI %D
63.57

How are DKL Revenues/Earnings doing?

Last year, DKL earnings were $121.52M. In the last 5 year, DKL's earnings have gone up by 1.66% per year. This was slower than the Oil & Gas Refining & Marketing industry average of 18.86%.

Last year, DKL revenue was $1.03B. In the last five year, DKL's revenue has gone up by 9.89% per year. This was faster than the Oil & Gas Refining & Marketing industry average of 8.13%.

Dive into DKL's earnings and revenue performance here.

Are DKL insiders buying or selling the stock?

Over the past year, executives and large shareholders at DKL have bought more shares than they have sold.

Sherri Anne Brillon, Director of DKL, was the latest DKL insider to buy. They bought $119,990.86 worth of DKL stock on Jun 10, 2024.

Dig into more about who owns DKL stock here.

Does DKL provide a stable income stream?

Delek Logistics Partners pays a dividend of 10.47%, compared to the Oil & Gas Refining & Marketing industry's average dividend yield of 6.73%. If you owned $1,000 worth of DKL stock, you would have been paid $104.73 in the past 12 months.

Delek Logistics Partners dividend payments have consistently grown over the past decade and have remained stable.

Dig into more analysis about Delek Logistics Partners dividend yield and history here.

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Step 5: Execute your DKL trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a particular price limit, use a limit order.

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Step 6: Get updates on your DKL investment

Now that you own some DKL shares, you'll want to keep up with your new investment.

Create a watchlist to see the latest developments about your DKL stock.

DKL Feed

How to Buy Stock in Delek Logistics Partners

To reiterate, here are the 6 steps you need to take to buy Delek Logistics Partners stock right now:

  1. Figure out where to buy Delek Logistics Partners stock
  2. Sign up for a brokerage account
  3. Deposit money your investment account
  4. Analyze Delek Logistics Partners stock
  5. Execute your DKL trade
  6. Get updates on your DKL investment

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If you would like to get updates on your investment in Delek Logistics Partners, click the button below.

NYSE: DKL
$40.15+1.09 (+2.79%)
Updated Jun 24, 2024
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NYSE: DKL
$40.15+1.09 (+2.79%)
Updated Jun 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Delek Logistics Partners share?

As of Jun 24, 2024, it costs $40.15 to buy one share of Delek Logistics Partners stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.249 shares of DKL.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Delek Logistics Partners stock?

According to 2 Wall Street analysts who monitor Delek Logistics Partners, their consensus recommendation is to buy Delek Logistics Partners stock.

What is the best way to buy Delek Logistics Partners stock?

One way to place an order for Delek Logistics Partners stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.