Delek Logistics Partners LP (NYSE:DKL) Director Francis C. D’andrea sold 816 shares of the firm’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $28.85, for a total value of $23,541.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of DKL traded down $0.55 during midday trading on Thursday, reaching $27.65. The company had a trading volume of 753 shares, compared to its average volume of 40,599. Delek Logistics Partners LP has a 1-year low of $26.60 and a 1-year high of $35.54. The company has a market capitalization of $719.06 million, a PE ratio of 13.40, a price-to-earnings-growth ratio of 3.32 and a beta of 1.09. The company has a quick ratio of 1.26, a current ratio of 1.61 and a debt-to-equity ratio of -5.65.
Delek Logistics Partners (NYSE:DKL) last issued its earnings results on Monday, May 7th. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Delek Logistics Partners had a negative return on equity of 144.78% and a net margin of 12.98%. The business had revenue of $167.92 million during the quarter, compared to the consensus estimate of $154.61 million. equities analysts anticipate that Delek Logistics Partners LP will post 2.9 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th were paid a $0.75 dividend. The ex-dividend date was Friday, May 4th. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 10.85%. Delek Logistics Partners’s dividend payout ratio (DPR) is 143.54%.
Several institutional investors and hedge funds have recently modified their holdings of DKL. Franklin Square Holdings L.P. increased its stake in shares of Delek Logistics Partners by 22.8% in the 4th quarter. Franklin Square Holdings L.P. now owns 23,600 shares of the oil and gas producer’s stock worth $748,000 after acquiring an additional 4,380 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Delek Logistics Partners by 215.8% in the 4th quarter. Deutsche Bank AG now owns 36,881 shares of the oil and gas producer’s stock worth $1,169,000 after acquiring an additional 25,201 shares during the last quarter. Meitav Dash Investments Ltd. acquired a new stake in shares of Delek Logistics Partners in the 4th quarter worth $591,000. Global X Management Co. LLC increased its stake in shares of Delek Logistics Partners by 3.8% in the 1st quarter. Global X Management Co. LLC now owns 262,789 shares of the oil and gas producer’s stock worth $7,450,000 after acquiring an additional 9,684 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Delek Logistics Partners by 33.6% in the 1st quarter. Guggenheim Capital LLC now owns 16,298 shares of the oil and gas producer’s stock worth $462,000 after acquiring an additional 4,098 shares during the last quarter. 24.34% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on DKL. Zacks Investment Research upgraded Delek Logistics Partners from a “sell” rating to a “hold” rating in a report on Tuesday, April 3rd. Wells Fargo & Co lowered Delek Logistics Partners from an “outperform” rating to a “market perform” rating in a report on Thursday, March 1st. Finally, ValuEngine lowered Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Delek Logistics Partners presently has a consensus rating of “Hold” and an average target price of $33.67.
About Delek Logistics Partners
Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.
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