Insider Buying: Delek Logistics Partners, L.P. (DKL) CEO Acquires $101,500.00 in Stock

Delek Logistics Partners, L.P. (NYSE:DKL) CEO Ezra Uzi Yemin purchased 3,500 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average cost of $29.00 per share, for a total transaction of $101,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Delek Logistics Partners, L.P. (NYSE:DKL) opened at 30.40 on Friday. Delek Logistics Partners, L.P. has a one year low of $21.30 and a one year high of $36.05. The firm has a 50-day moving average price of $30.69 and a 200-day moving average price of $31.41. The stock has a market cap of $740.57 million, a price-to-earnings ratio of 16.03 and a beta of 1.31.

Delek Logistics Partners, L.P. (NYSE:DKL) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.09). The business had revenue of $126.80 million for the quarter, compared to analyst estimates of $140.00 million. Delek Logistics Partners, L.P. had a negative return on equity of 368.38% and a net margin of 12.70%. Delek Logistics Partners, L.P.’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. Analysts anticipate that Delek Logistics Partners, L.P. will post $2.30 earnings per share for the current fiscal year.

WARNING: “Insider Buying: Delek Logistics Partners, L.P. (DKL) CEO Acquires $101,500.00 in Stock” was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://transcriptdaily.com/2017/09/17/insider-buying-delek-logistics-partners-l-p-dkl-ceo-acquires-101500-00-in-stock.html.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Square Holdings L.P. bought a new position in Delek Logistics Partners, L.P. in the 1st quarter worth about $769,000. Renaissance Technologies LLC grew its position in Delek Logistics Partners, L.P. by 11.5% in the 1st quarter. Renaissance Technologies LLC now owns 33,920 shares of the oil and gas producer’s stock worth $1,130,000 after purchasing an additional 3,493 shares during the last quarter. Global Endowment Management LP bought a new position in Delek Logistics Partners, L.P. in the 1st quarter worth about $1,222,000. Taylor Wealth Management Partners grew its position in Delek Logistics Partners, L.P. by 14.5% in the 2nd quarter. Taylor Wealth Management Partners now owns 32,340 shares of the oil and gas producer’s stock worth $1,059,000 after purchasing an additional 4,090 shares during the last quarter. Finally, Global X Management Co. LLC grew its position in Delek Logistics Partners, L.P. by 5.2% in the 2nd quarter. Global X Management Co. LLC now owns 246,965 shares of the oil and gas producer’s stock worth $8,088,000 after purchasing an additional 12,272 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

DKL has been the topic of a number of research reports. Zacks Investment Research raised Delek Logistics Partners, L.P. from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday, May 24th. BidaskClub raised Delek Logistics Partners, L.P. from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Barclays PLC reissued an “equal weight” rating and set a $34.00 price target (down previously from $35.00) on shares of Delek Logistics Partners, L.P. in a report on Friday, August 4th. Scotiabank set a $33.00 price target on Delek Logistics Partners, L.P. and gave the stock a “hold” rating in a report on Saturday, July 22nd. Finally, ValuEngine lowered Delek Logistics Partners, L.P. from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $34.00.

About Delek Logistics Partners, L.P.

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.

Insider Buying and Selling by Quarter for Delek Logistics Partners, L.P. (NYSE:DKL)

Receive News & Ratings for Delek Logistics Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek Logistics Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply