Susquehanna Fundamental Investments LLC Acquires New Shares in Delek Logistics Partners, LP (NYSE:DKL)

Susquehanna Fundamental Investments LLC bought a new position in shares of Delek Logistics Partners, LP (NYSE:DKL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,176 shares of the oil and gas producer’s stock, valued at approximately $684,000.

Several other institutional investors also recently bought and sold shares of DKL. JPMorgan Chase & Co. raised its stake in shares of Delek Logistics Partners by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 244,243 shares of the oil and gas producer’s stock valued at $10,678,000 after acquiring an additional 31,654 shares in the last quarter. Adams Asset Advisors LLC bought a new position in shares of Delek Logistics Partners in the fourth quarter valued at approximately $2,544,000. Exchange Traded Concepts LLC lifted its stake in shares of Delek Logistics Partners by 24.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 18,250 shares of the oil and gas producer’s stock worth $771,000 after buying an additional 3,600 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Delek Logistics Partners during the 4th quarter worth $1,690,000. Finally, Strategic Financial Concepts LLC grew its stake in Delek Logistics Partners by 3,838.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 476,439 shares of the oil and gas producer’s stock valued at $20,134,000 after buying an additional 464,343 shares during the last quarter. 11.75% of the stock is currently owned by institutional investors.

Delek Logistics Partners Trading Up 2.1 %

Shares of Delek Logistics Partners stock opened at $39.81 on Friday. Delek Logistics Partners, LP has a 1 year low of $34.59 and a 1 year high of $45.71. The company’s fifty day simple moving average is $40.32 and its 200-day simple moving average is $40.64. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.28 and a beta of 1.62.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. The company had revenue of $209.86 million for the quarter, compared to the consensus estimate of $240.05 million. As a group, research analysts forecast that Delek Logistics Partners, LP will post 3.01 earnings per share for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 11.15%. The ex-dividend date is Thursday, May 8th. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.11. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 147.83%.

Wall Street Analyst Weigh In

Separately, Raymond James boosted their target price on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.25.

About Delek Logistics Partners

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.