Delek Logistics Partners (NYSE:DKL) Chairman Ezra Uzi Yemin Buys 6,000 Shares of Stock

Delek Logistics Partners, L.P. (NYSE:DKL) Chairman Ezra Uzi Yemin acquired 6,000 shares of the stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $50.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the chairman directly owned 168,217 shares of the company’s stock, valued at $8,410,850. This trade represents a 3.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Delek Logistics Partners Stock Down 0.6%

Shares of NYSE:DKL traded down $0.35 during trading on Monday, hitting $53.66. The stock had a trading volume of 187,719 shares, compared to its average volume of 193,061. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 386.77. Delek Logistics Partners, L.P. has a 12 month low of $42.35 and a 12 month high of $61.50. The company has a market capitalization of $2.85 billion, a PE ratio of 18.70 and a beta of 0.46. The firm’s fifty day moving average is $54.30 and its 200 day moving average is $52.69.

Delek Logistics Partners (NYSE:DKL) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.39). The firm had revenue of $384.76 million during the quarter, compared to analysts’ expectations of $293.64 million. Delek Logistics Partners had a negative return on equity of 935.80% and a net margin of 12.85%. Analysts anticipate that Delek Logistics Partners, L.P. will post 3.94 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a $1.135 dividend. This represents a $4.54 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Monday, August 3rd. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.13. Delek Logistics Partners’s dividend payout ratio (DPR) is 158.19%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Alps Advisors Inc. grew its holdings in shares of Delek Logistics Partners by 3.8% during the fourth quarter. Alps Advisors Inc. now owns 4,489,123 shares of the oil and gas producer’s stock valued at $200,305,000 after buying an additional 165,741 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Delek Logistics Partners by 4.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,584,902 shares of the oil and gas producer’s stock worth $72,176,000 after acquiring an additional 61,840 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Delek Logistics Partners by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 431,845 shares of the oil and gas producer’s stock worth $19,269,000 after acquiring an additional 4,879 shares during the last quarter. Raymond James Financial Inc. lifted its position in Delek Logistics Partners by 11.2% in the 3rd quarter. Raymond James Financial Inc. now owns 228,090 shares of the oil and gas producer’s stock valued at $10,387,000 after acquiring an additional 23,054 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC lifted its position in Delek Logistics Partners by 2.4% in the 1st quarter. Infrastructure Capital Advisors LLC now owns 156,476 shares of the oil and gas producer’s stock valued at $7,786,000 after acquiring an additional 3,596 shares in the last quarter. 11.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DKL has been the topic of several research reports. Raymond James Financial reissued an “outperform” rating and set a $60.00 price objective on shares of Delek Logistics Partners in a research note on Thursday, April 30th. Zacks Research upgraded shares of Delek Logistics Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Delek Logistics Partners in a research report on Friday, August 7th. Mizuho upped their price target on Delek Logistics Partners from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Finally, UBS Group began coverage on Delek Logistics Partners in a research report on Thursday, July 16th. They set a “neutral” rating and a $56.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.40.

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.