Reuven Spiegel Buys 1,000 Shares of Delek Logistics Partners (NYSE:DKL) Stock

Delek Logistics Partners, L.P. (NYSE:DKL) EVP Reuven Spiegel purchased 1,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $50.00 per share, for a total transaction of $50,000.00. Following the purchase, the executive vice president directly owned 29,549 shares in the company, valued at $1,477,450. This represents a 3.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Delek Logistics Partners Trading Down 0.1%

NYSE DKL opened at $53.70 on Wednesday. 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 fifty day simple moving average of $54.34 and a two-hundred day simple moving average of $52.72. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 386.77. The stock has a market cap of $2.86 billion, a P/E ratio of 18.71 and a beta of 0.46.

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

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a dividend of $1.135 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.54 dividend on an annualized basis and a yield of 8.5%. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.13. Delek Logistics Partners’s payout ratio is presently 158.19%.

Delek Logistics Partners News Roundup

Here are the key news stories impacting Delek Logistics Partners this week:

• Positive Sentiment: Company insiders collectively purchased approximately $750,000 of DKL units at $50 per unit on August 13. Chairman Ezra Uzi Yemin bought 6,000 units, while President Avigal Soreq and EVPs Mark Wayne Hobbs, Robert G. Wright and Reuven Spiegel also increased their holdings. The purchases—raising individual positions by roughly 3% to 23%—may signal that management views the units as attractively valued. Insider buying report
• Positive Sentiment: Delek Logistics increased its quarterly distribution to $1.135 per unit from $1.13, maintaining a long record of distribution growth. The annualized payout is $4.54, equivalent to an approximately 8.5% yield, which may support demand from income-focused investors. However, the payout ratio remains elevated at about 158%. Dividend increase article
• Neutral Sentiment: Analyst sentiment is generally favorable but mixed. Zacks upgraded DKL to “strong buy,” while Raymond James maintained “outperform”; UBS remains “neutral.” The consensus rating is “Moderate Buy,” with an average price target of $55.40.
• Negative Sentiment: Delek Logistics announced a public offering of common units. Although the proceeds could fund growth or balance-sheet needs, issuing additional units may dilute existing holders and weigh on the market price, particularly given DKL’s very high debt-to-equity ratio. Common-unit offering announcement
• Negative Sentiment: The partnership’s latest quarterly EPS of $0.54 missed analysts’ $0.93 estimate, despite revenue exceeding expectations. The earnings shortfall, negative return on equity and high distribution burden remain concerns for investors evaluating the sustainability of DKL’s yield.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DKL. UBS Group initiated coverage on Delek Logistics Partners in a report on Thursday, July 16th. They issued a “neutral” rating and a $56.00 price objective on the stock. Mizuho upped their target price on Delek Logistics Partners from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delek Logistics Partners in a report on Friday, August 7th. Zacks Research raised shares of Delek Logistics Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Raymond James Financial restated an “outperform” rating and set a $60.00 price objective on shares of Delek Logistics Partners in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.40.

Institutional Investors Weigh In On Delek Logistics Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew 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 during the period. Jump Financial LLC purchased a new stake in shares of Delek Logistics Partners in the second quarter worth about $207,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Delek Logistics Partners by 24.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,523,062 shares of the oil and gas producer’s stock worth $65,416,000 after buying an additional 298,867 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Delek Logistics Partners by 30.8% during the second quarter. Raymond James Financial Inc. now owns 205,036 shares of the oil and gas producer’s stock worth $8,806,000 after acquiring an additional 48,284 shares during the period. Finally, Bank of America Corp DE grew its holdings in Delek Logistics Partners by 1,186.5% during the second quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock worth $180,000 after acquiring an additional 3,868 shares during the period. 11.75% of the stock is owned by institutional investors and hedge funds.

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.