Joseph Israel Purchases 3,076 Shares of Delek Logistics Partners, LP (NYSE:DKL) Stock

Delek Logistics Partners, LP (NYSE:DKL) EVP Joseph Israel purchased 3,076 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average price of $39.00 per share, for a total transaction of $119,964.00. Following the acquisition, the executive vice president now directly owns 13,782 shares in the company, valued at $537,498. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Delek Logistics Partners Stock Up 0.2 %

DKL stock opened at $39.20 on Thursday. The business’s fifty day simple moving average is $41.16 and its two-hundred day simple moving average is $40.24. Delek Logistics Partners, LP has a twelve month low of $37.02 and a twelve month high of $53.80. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 14.15 and a beta of 2.11.

Delek Logistics Partners (NYSE:DKL) last released its earnings results on Tuesday, August 6th. The oil and gas producer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Delek Logistics Partners had a negative return on equity of 147.45% and a net margin of 12.48%. The business had revenue of $264.63 million for the quarter, compared to analyst estimates of $257.17 million. During the same quarter last year, the firm posted $0.73 earnings per share. Research analysts expect that Delek Logistics Partners, LP will post 3.41 EPS for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 9th were paid a $1.09 dividend. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Friday, August 9th. This represents a $4.36 dividend on an annualized basis and a yield of 11.12%. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 157.40%.

Institutional Trading of Delek Logistics Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in shares of Delek Logistics Partners during the 1st quarter worth $66,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Delek Logistics Partners by 205.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,482,686 shares of the oil and gas producer’s stock worth $60,775,000 after buying an additional 997,860 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Delek Logistics Partners by 263.8% during the 1st quarter. GSA Capital Partners LLP now owns 37,535 shares of the oil and gas producer’s stock worth $1,539,000 after buying an additional 27,217 shares in the last quarter. Kayne Anderson Capital Advisors LP bought a new position in shares of Delek Logistics Partners during the 1st quarter worth $10,304,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of Delek Logistics Partners during the 1st quarter worth $12,656,000. Hedge funds and other institutional investors own 11.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com lowered Delek Logistics Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Citigroup upgraded Delek Logistics Partners from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.00 to $45.00 in a report on Wednesday, August 28th.

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.