Delek Logistics Partners, L.P. (NYSE:DKL – Get Free Report) Chairman Ezra Uzi Yemin acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $50.00 per share, with a total value of $300,000.00. Following the acquisition, the chairman owned 168,217 shares of the company’s stock, valued at approximately $8,410,850. This represents a 3.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Delek Logistics Partners Price Performance
Shares of NYSE:DKL opened at $54.16 on Thursday. Delek Logistics Partners, L.P. has a twelve month low of $42.35 and a twelve month high of $61.50. The stock’s 50 day moving average is $54.37 and its 200-day moving average is $52.74. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 386.77. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 18.87 and a beta of 0.46.
Delek Logistics Partners (NYSE:DKL – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.39). Delek Logistics Partners had a net margin of 12.85% and a negative return on equity of 935.80%. The business had revenue of $384.76 million during the quarter, compared to analyst estimates of $293.64 million. Sell-side analysts forecast that Delek Logistics Partners, L.P. will post 3.94 EPS for the current fiscal year.
Delek Logistics Partners Increases Dividend
Analyst Ratings Changes
DKL has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delek Logistics Partners in a research report on Friday, August 7th. Zacks Research raised Delek Logistics Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. UBS Group started coverage on Delek Logistics Partners in a report on Thursday, July 16th. They issued a “neutral” rating and a $56.00 target price on the stock. Finally, Raymond James Financial reiterated an “outperform” rating and set a $60.00 price target on shares of Delek Logistics Partners in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.40.
Check Out Our Latest Research Report on DKL
Hedge Funds Weigh In On Delek Logistics Partners
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. increased its holdings in Delek Logistics Partners by 3.8% during the fourth quarter. Alps Advisors Inc. now owns 4,489,123 shares of the oil and gas producer’s stock worth $200,305,000 after buying an additional 165,741 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Delek Logistics Partners by 4.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,584,902 shares of the oil and gas producer’s stock valued at $72,176,000 after acquiring an additional 61,840 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Delek Logistics Partners by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 431,845 shares of the oil and gas producer’s stock valued at $19,269,000 after acquiring an additional 4,879 shares during the period. Raymond James Financial Inc. grew its position in shares of Delek Logistics Partners by 11.2% during the 3rd quarter. Raymond James Financial Inc. now owns 228,090 shares of the oil and gas producer’s stock valued at $10,387,000 after acquiring an additional 23,054 shares during the period. Finally, Infrastructure Capital Advisors LLC increased its stake in shares of Delek Logistics Partners by 2.4% during the 1st quarter. Infrastructure Capital Advisors LLC now owns 156,476 shares of the oil and gas producer’s stock worth $7,786,000 after purchasing an additional 3,596 shares during the last quarter. 11.75% of the stock is owned by hedge funds and other institutional investors.
About Delek Logistics Partners
Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.
The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.
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