Kayne Anderson Capital Advisors LP Purchases Shares of 10,900 Delek Logistics Partners, LP (NYSE:DKL)

Kayne Anderson Capital Advisors LP purchased a new stake in shares of Delek Logistics Partners, LP (NYSE:DKLGet Rating) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,900 shares of the oil and gas producer’s stock, valued at approximately $555,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Delek Logistics Partners by 28.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,149,963 shares of the oil and gas producer’s stock worth $56,003,000 after buying an additional 256,048 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Delek Logistics Partners by 8.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 212,000 shares of the oil and gas producer’s stock worth $10,324,000 after buying an additional 16,200 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Delek Logistics Partners by 27.6% in the 1st quarter. First Trust Advisors LP now owns 89,835 shares of the oil and gas producer’s stock worth $3,952,000 after buying an additional 19,430 shares during the last quarter. Virtus ETF Advisers LLC boosted its stake in shares of Delek Logistics Partners by 18.1% in the 2nd quarter. Virtus ETF Advisers LLC now owns 42,701 shares of the oil and gas producer’s stock worth $2,080,000 after buying an additional 6,555 shares during the last quarter. Finally, Bramshill Investments LLC boosted its stake in shares of Delek Logistics Partners by 3.8% in the 2nd quarter. Bramshill Investments LLC now owns 31,475 shares of the oil and gas producer’s stock worth $1,533,000 after buying an additional 1,154 shares during the last quarter. Institutional investors and hedge funds own 12.39% of the company’s stock.

Delek Logistics Partners Stock Down 1.6 %

Delek Logistics Partners stock traded down $0.79 during trading on Wednesday, hitting $48.68. The stock had a trading volume of 1,440 shares, compared to its average volume of 26,665. Delek Logistics Partners, LP has a 1 year low of $39.00 and a 1 year high of $64.46. The stock’s 50 day moving average is $48.25 and its two-hundred day moving average is $52.34. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 13.59 and a beta of 2.15.

Delek Logistics Partners (NYSE:DKLGet Rating) last posted its quarterly earnings data on Monday, November 7th. The oil and gas producer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. Delek Logistics Partners had a negative return on equity of 143.27% and a net margin of 16.51%. The business had revenue of $294.03 million for the quarter, compared to the consensus estimate of $313.48 million. As a group, equities research analysts anticipate that Delek Logistics Partners, LP will post 3.95 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 9th. Investors of record on Thursday, February 2nd will be paid a $1.02 dividend. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.99. The ex-dividend date is Wednesday, February 1st. This represents a $4.08 annualized dividend and a yield of 8.38%. Delek Logistics Partners’s dividend payout ratio is presently 108.79%.

Insider Activity at Delek Logistics Partners

In other Delek Logistics Partners news, Chairman Ezra Uzi Yemin sold 1,100 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $56.08, for a total transaction of $61,688.00. Following the sale, the chairman now owns 232,776 shares of the company’s stock, valued at approximately $13,054,078.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 37,859 shares of company stock worth $2,125,813. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DKL shares. Citigroup started coverage on Delek Logistics Partners in a research note on Thursday, December 8th. They issued a “neutral” rating and a $48.00 target price on the stock. StockNews.com initiated coverage on Delek Logistics Partners in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

About Delek Logistics Partners

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Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates through three segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investment in Pipeline Joint Ventures. The Pipelines and Transportation segment includes pipelines, trucks, and ancillary assets that provide crude oil gathering, crude oil intermediate and refined products transportation, and storage services primarily in support of the Tyler, El Dorado, and Big Spring refineries, as well as offers crude oil and other products transportation services to third parties.

See Also

Institutional Ownership by Quarter for Delek Logistics Partners (NYSE:DKL)

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