Delek Logistics Partners, LP (NYSE:DKL) EVP Joseph Israel Buys 3,076 Shares

Delek Logistics Partners, LP (NYSE:DKL) EVP Joseph Israel purchased 3,076 shares of Delek Logistics Partners stock in a transaction on Thursday, October 10th. The shares were purchased at an average cost of $39.00 per share, with a total value of $119,964.00. Following the transaction, the executive vice president now owns 13,782 shares in the company, valued at approximately $537,498. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Delek Logistics Partners Stock Down 0.2 %

Shares of Delek Logistics Partners stock opened at $39.28 on Tuesday. Delek Logistics Partners, LP has a 12-month low of $37.02 and a 12-month high of $53.80. The stock has a market cap of $1.85 billion, a P/E ratio of 14.18 and a beta of 2.11. The business’s 50 day moving average is $41.20 and its 200-day moving average is $40.26.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Delek Logistics Partners had a negative return on equity of 147.45% and a net margin of 12.48%. The company had revenue of $264.63 million for the quarter, compared to analysts’ expectations of $257.17 million. During the same quarter in the prior year, the business posted $0.73 EPS. On average, sell-side analysts expect that Delek Logistics Partners, LP will post 3.41 EPS for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, August 9th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date of this dividend was Friday, August 9th. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.73. Delek Logistics Partners’s dividend payout ratio is 157.40%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com downgraded Delek Logistics Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Citigroup upgraded Delek Logistics Partners from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $45.00 in a research note on Wednesday, August 28th.

Institutional Investors Weigh In On Delek Logistics Partners

A number of large investors have recently added to or reduced their stakes in DKL. Future Financial Wealth Managment LLC bought a new stake in Delek Logistics Partners in the 1st quarter valued at $66,000. Mirae Asset Global Investments Co. Ltd. increased its position in Delek Logistics Partners by 205.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,482,686 shares of the oil and gas producer’s stock worth $60,775,000 after buying an additional 997,860 shares during the period. GSA Capital Partners LLP increased its position in Delek Logistics Partners by 263.8% during the 1st quarter. GSA Capital Partners LLP now owns 37,535 shares of the oil and gas producer’s stock worth $1,539,000 after buying an additional 27,217 shares during the period. Kayne Anderson Capital Advisors LP bought a new position in Delek Logistics Partners during the 1st quarter worth $10,304,000. Finally, Westwood Holdings Group Inc. bought a new position in Delek Logistics Partners during the 1st quarter worth $12,656,000. Institutional investors own 11.75% of the company’s stock.

Delek Logistics Partners Company Profile

Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The Gathering and Processing segment consists of pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties.