Insider Selling: Delek Logistics Partners (NYSE:DKL) EVP Sells $11,747.50 in Stock

Delek Logistics Partners, L.P. (NYSE:DKL) EVP Reuven Spiegel sold 250 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $46.99, for a total value of $11,747.50. Following the completion of the sale, the executive vice president directly owned 22,990 shares of the company’s stock, valued at approximately $1,080,300.10. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Reuven Spiegel also recently made the following trade(s):

• On Thursday, December 4th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The stock was sold at an average price of $45.86, for a total transaction of $11,465.00.
• On Wednesday, November 5th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The shares were sold at an average price of $45.00, for a total transaction of $11,250.00.

Delek Logistics Partners Stock Up 1.9%

DKL stock opened at $47.65 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 130.97. The company’s 50-day moving average price is $45.38 and its 200 day moving average price is $44.61. Delek Logistics Partners, L.P. has a 52 week low of $34.59 and a 52 week high of $48.28. The company has a market cap of $2.55 billion, a P/E ratio of 15.42, a P/E/G ratio of 0.41 and a beta of 0.47.

Delek Logistics Partners (NYSE:DKL) last issued its earnings results on Friday, November 7th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.26). The company had revenue of $261.28 million during the quarter, compared to analysts’ expectations of $251.65 million. Delek Logistics Partners had a net margin of 17.00% and a return on equity of 360.64%. On average, research analysts expect that Delek Logistics Partners, L.P. will post 3.01 earnings per share for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Friday, November 7th were given a dividend of $1.12 per share. The ex-dividend date was Friday, November 7th. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.12. This represents a $4.48 dividend on an annualized basis and a yield of 9.4%. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 144.98%.

Institutional Investors Weigh In On Delek Logistics Partners

A number of large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in shares of Delek Logistics Partners in the second quarter worth $50,000. Jones Financial Companies Lllp increased its position in Delek Logistics Partners by 303.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 910 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Delek Logistics Partners by 92.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,285 shares of the oil and gas producer’s stock valued at $104,000 after purchasing an additional 1,100 shares during the last quarter. Osaic Holdings Inc. raised its stake in Delek Logistics Partners by 245.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock valued at $115,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Delek Logistics Partners by 1,186.5% in the 2nd quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock valued at $180,000 after purchasing an additional 3,868 shares in the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Delek Logistics Partners in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.50.

Delek Logistics Partners Company Profile

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.