E Daily Stock Pick: Delek Logistics Partners (DKL)

This week, I'm seeking a second robust dividend energy sector representative for my new Ivy portfolio. 

That energy sector includes six industries all related to bringing oil and gas to market. They are: drilling, exploration and production (E&P), equipment and services, integrated, midstream, refining & marketing. (Yes, six oily and gassy enterprises.)

Today I'm reviewing a small-cap oil & gas midstream company, named Delek Logistics Partners LP Its trading ticker symbol is DKL.

Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling.

The Pipelines and Transportation segment consists of pipelines and trucks, and ancillary assets that include 400 miles of crude oil transportation pipelines; 406 miles of refined product pipelines; and approximately 600 miles of crude oil gathering and trunk lines with an aggregate of approximately 7.3 million barrels of active shell capacity to 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 offering crude oil and other products transportation services to third parties. 

The Wholesale Marketing and Terminalling segment provides wholesale marketing, transporting, storing, and terminalling services related to refined products to independent third parties. 

Delek Logistics GP, LLC serves as the general partner of the company. 

Delek Logistics Partners, LP was founded in 2012 and is headquartered in Brentwood, Tennessee. 

Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.

I use three key data points to gauge the value of any dividend equity or fund like Delek Logistics Partners L.P.: 

(1) Price

(2) Dividends

(3) Returns

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Disclaimer: 

This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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