Delek Logistics Partners, LP (NYSE:DKL) President Avigal Soreq Buys 375 Shares of Stock

Delek Logistics Partners, LP (NYSE:DKL) President Avigal Soreq acquired 375 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average price of $39.68 per share, with a total value of $14,880.00. Following the completion of the transaction, the president now directly owns 45,537 shares of the company’s stock, valued at $1,806,908.16. The trade was a 0.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Avigal Soreq also recently made the following trade(s):

• On Thursday, October 10th, Avigal Soreq bought 2,563 shares of Delek Logistics Partners stock. The shares were purchased at an average cost of $39.00 per share, with a total value of $99,957.00.

Delek Logistics Partners Stock Down 0.2 %

Delek Logistics Partners stock opened at $39.93 on Wednesday. The company has a market capitalization of $2.06 billion, a PE ratio of 14.16, a PEG ratio of 1.13 and a beta of 2.12. Delek Logistics Partners, LP has a 12-month low of $37.02 and a 12-month high of $47.67. The firm’s fifty day moving average is $39.21 and its 200 day moving average is $40.24.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.19). The company had revenue of $214.07 million for the quarter, compared to analyst estimates of $270.98 million. Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. During the same quarter in the prior year, the company posted $0.80 EPS. Sell-side analysts expect that Delek Logistics Partners, LP will post 3.05 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 8th were paid a dividend of $1.10 per share. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.73. This represents a $4.40 dividend on an annualized basis and a yield of 11.02%. The ex-dividend date was Friday, November 8th. Delek Logistics Partners’s dividend payout ratio is 156.03%.

Analyst Ratings Changes

DKL has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of Delek Logistics Partners in a research note on Thursday, October 17th. They issued an “underperform” rating and a $36.00 price objective on the stock. StockNews.com cut shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Truist Financial increased their price target on Delek Logistics Partners from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Citigroup raised Delek Logistics Partners from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $45.00 in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.00.

Institutional Investors Weigh In On Delek Logistics Partners

Hedge funds have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC increased its position in shares of Delek Logistics Partners by 4,182.7% during the second quarter. Strategic Financial Concepts LLC now owns 496,156 shares of the oil and gas producer’s stock worth $201,000 after acquiring an additional 484,571 shares in the last quarter. Infrastructure Capital Advisors LLC increased its holdings in Delek Logistics Partners by 18.6% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 252,863 shares of the oil and gas producer’s stock worth $11,055,000 after purchasing an additional 39,577 shares in the last quarter. IFG Advisory LLC purchased a new stake in shares of Delek Logistics Partners in the second quarter worth approximately $640,000. Sanctuary Advisors LLC bought a new position in shares of Delek Logistics Partners in the second quarter valued at approximately $522,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Delek Logistics Partners in the second quarter valued at approximately $456,000. Institutional investors and hedge funds own 11.75% of the company’s stock.

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.