Delek Logistics Partners, LP (NYSE:DKL) President Avigal Soreq Buys 375 Shares

Delek Logistics Partners, LP (NYSE:DKL) President Avigal Soreq purchased 375 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $39.68 per share, for a total transaction of $14,880.00. Following the completion of the acquisition, the president now owns 45,537 shares of the company’s stock, valued at $1,806,908.16. The trade was a 0.83 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Avigal Soreq also recently made the following trade(s):

• On Thursday, October 10th, Avigal Soreq bought 2,563 shares of Delek Logistics Partners stock. The shares were purchased at an average cost of $39.00 per share, for a total transaction of $99,957.00.

Delek Logistics Partners Price Performance

Shares of NYSE DKL opened at $39.95 on Thursday. The stock has a market capitalization of $2.06 billion, a PE ratio of 14.17, a P/E/G ratio of 1.13 and a beta of 2.12. Delek Logistics Partners, LP has a one year low of $37.02 and a one year high of $47.67. The business’s fifty day moving average price is $39.22 and its 200-day moving average price is $40.24.

Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.19). The business had revenue of $214.07 million for the quarter, compared to analysts’ expectations of $270.98 million. Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. During the same period last year, the company earned $0.80 earnings per share. As a group, equities analysts expect that Delek Logistics Partners, LP will post 3.05 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 8th were issued a $1.10 dividend. The ex-dividend date was Friday, November 8th. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.73. This represents a $4.40 annualized dividend and a yield of 11.01%. Delek Logistics Partners’s dividend payout ratio (DPR) is 156.03%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Strategic Financial Concepts LLC boosted its holdings in shares of Delek Logistics Partners by 4,182.7% in the second quarter. Strategic Financial Concepts LLC now owns 496,156 shares of the oil and gas producer’s stock worth $201,000 after acquiring an additional 484,571 shares during the period. Infrastructure Capital Advisors LLC raised its stake in shares of Delek Logistics Partners by 18.6% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 252,863 shares of the oil and gas producer’s stock valued at $11,055,000 after purchasing an additional 39,577 shares during the period. IFG Advisory LLC purchased a new stake in Delek Logistics Partners during the 2nd quarter worth about $640,000. Sanctuary Advisors LLC bought a new position in Delek Logistics Partners in the 2nd quarter worth about $522,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Delek Logistics Partners during the 2nd quarter valued at about $456,000. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DKL has been the subject of several recent analyst reports. Bank of America started coverage on Delek Logistics Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $36.00 target price for the company. StockNews.com lowered Delek Logistics Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Truist Financial boosted their price target on shares of Delek Logistics Partners from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Citigroup upgraded shares of Delek Logistics Partners from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $45.00 in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Delek Logistics Partners presently has an average rating of “Hold” and a consensus price target of $44.00.

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.