Delek Us Holdings, Inc. Buys 10,248 Shares of Delek Logistics Partners LP (DKL) Stock

Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. bought 10,248 shares of the stock in a transaction dated Friday, May 5th. The stock was bought at an average price of $29.74 per share, with a total value of $304,775.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Delek Us Holdings, Inc. also recently made the following trade(s):

  • On Thursday, May 18th, Delek Us Holdings, Inc. bought 5,019 shares of Delek Logistics Partners stock. The stock was bought at an average price of $30.99 per share, with a total value of $155,538.81.
  • On Monday, May 15th, Delek Us Holdings, Inc. purchased 3,781 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $31.78 per share, with a total value of $120,160.18.
  • On Tuesday, May 9th, Delek Us Holdings, Inc. purchased 1,117 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $31.08 per share, with a total value of $34,716.36.
  • On Monday, May 8th, Delek Us Holdings, Inc. purchased 1,700 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $30.58 per share, with a total value of $51,986.00.
  • On Wednesday, May 10th, Delek Us Holdings, Inc. purchased 4,617 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $31.09 per share, with a total value of $143,542.53.
  • On Wednesday, May 3rd, Delek Us Holdings, Inc. purchased 11,648 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $32.51 per share, with a total value of $378,676.48.
  • On Friday, April 28th, Delek Us Holdings, Inc. purchased 11,612 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $32.33 per share, with a total value of $375,415.96.
  • On Tuesday, April 25th, Delek Us Holdings, Inc. purchased 4,104 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $31.65 per share, with a total value of $129,891.60.
  • On Thursday, April 20th, Delek Us Holdings, Inc. purchased 5,400 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $31.19 per share, with a total value of $168,426.00.
  • On Monday, April 17th, Delek Us Holdings, Inc. purchased 7,500 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $31.60 per share, with a total value of $237,000.00.

Delek Logistics Partners LP (NYSE:DKL) traded up 0.82% on Friday, reaching $30.75. The company’s stock had a trading volume of 38,723 shares. The stock’s 50 day moving average is $31.49 and its 200-day moving average is $30.17. Delek Logistics Partners LP has a 52 week low of $21.30 and a 52 week high of $36.05. The firm has a market capitalization of $748.09 million, a PE ratio of 15.64 and a beta of 1.40.

Delek Logistics Partners (NYSE:DKL) last released its earnings results on Monday, May 8th. The oil and gas producer reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.07. Delek Logistics Partners had a negative return on equity of 554.90% and a net margin of 14.52%. The firm had revenue of $129.50 million for the quarter, compared to analyst estimates of $128.42 million. During the same period last year, the business earned $0.54 earnings per share. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. Analysts predict that Delek Logistics Partners LP will post $2.40 EPS for the current year.

Insider Buying and Selling by Quarter for Delek Logistics Partners (NYSE:DKL)

The company also recently announced a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Friday, May 5th were given a dividend of $0.69 per share. The ex-dividend date was Wednesday, May 3rd. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.68. This represents a $2.76 dividend on an annualized basis and a yield of 8.98%. Delek Logistics Partners’s dividend payout ratio (DPR) is 125.93%.

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A number of large investors have recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC increased its stake in Delek Logistics Partners by 10.5% in the fourth quarter. HITE Hedge Asset Management LLC now owns 237,341 shares of the oil and gas producer’s stock worth $6,776,000 after buying an additional 22,600 shares during the period. Cetera Advisors LLC purchased a new stake in Delek Logistics Partners during the third quarter worth $470,000. Homrich & Berg increased its stake in Delek Logistics Partners by 4.0% in the third quarter. Homrich & Berg now owns 44,031 shares of the oil and gas producer’s stock worth $1,258,000 after buying an additional 1,693 shares during the period. BP Capital Fund Advisors LLC increased its stake in Delek Logistics Partners by 7.4% in the third quarter. BP Capital Fund Advisors LLC now owns 74,441 shares of the oil and gas producer’s stock worth $2,128,000 after buying an additional 5,101 shares during the period. Finally, GSA Capital Partners LLP increased its stake in Delek Logistics Partners by 45.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,600 shares of the oil and gas producer’s stock worth $474,000 after buying an additional 5,205 shares during the period. 30.13% of the stock is currently owned by institutional investors and hedge funds.

DKL has been the subject of a number of analyst reports. Zacks Investment Research raised Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Thursday, May 11th. Scotiabank reissued a “hold” rating and issued a $33.00 price target on shares of Delek Logistics Partners in a report on Thursday, March 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $32.20.

About Delek Logistics Partners

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.

12 Month Chart for NYSE:DKL

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