American Financial Group Inc. Acquires 2,000 Shares of Delek Logistics Partners, LP (NYSE:DKL)

American Financial Group Inc. grew its holdings in Delek Logistics Partners, LP (NYSE:DKL) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,000 shares of the oil and gas producer’s stock after acquiring an additional 2,000 shares during the period. American Financial Group Inc.’s holdings in Delek Logistics Partners were worth $507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DKL. Focus Financial Network Inc. raised its stake in shares of Delek Logistics Partners by 5.6% in the fourth quarter. Focus Financial Network Inc. now owns 10,160 shares of the oil and gas producer’s stock worth $429,000 after buying an additional 542 shares during the period. Apollon Wealth Management LLC raised its stake in Delek Logistics Partners by 19.1% during the 4th quarter. Apollon Wealth Management LLC now owns 7,639 shares of the oil and gas producer’s stock worth $323,000 after acquiring an additional 1,223 shares during the period. Venturi Wealth Management LLC purchased a new position in Delek Logistics Partners during the fourth quarter valued at approximately $64,000. Van ECK Associates Corp boosted its stake in shares of Delek Logistics Partners by 74.6% in the fourth quarter. Van ECK Associates Corp now owns 4,854 shares of the oil and gas producer’s stock worth $205,000 after acquiring an additional 2,074 shares during the period. Finally, Millburn Ridgefield Corp purchased a new stake in Delek Logistics Partners during the 3rd quarter valued at approximately $131,000. Hedge funds and other institutional investors own 11.75% of the company’s stock.

Delek Logistics Partners Stock Performance

Shares of DKL opened at $43.82 on Monday. The business’s 50-day moving average is $42.42 and its two-hundred day moving average is $41.27. Delek Logistics Partners, LP has a fifty-two week low of $37.02 and a fifty-two week high of $45.71. The company has a market capitalization of $2.35 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.28 and a beta of 2.01.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Tuesday, February 25th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. The firm had revenue of $209.86 million for the quarter, compared to analyst estimates of $240.05 million. Analysts forecast that Delek Logistics Partners, LP will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were paid a dividend of $1.105 per share. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, February 4th. This represents a $4.42 annualized dividend and a yield of 10.09%. Delek Logistics Partners’s dividend payout ratio is presently 147.83%.

Analysts Set New Price Targets

Separately, Raymond James lifted their price objective on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Delek Logistics Partners currently has a consensus rating of “Hold” and a consensus target price of $44.25.

Delek Logistics Partners Profile

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.