Delek Logistics Partners (NYSE:DKL) EVP Sells 250 Shares

Delek Logistics Partners, L.P. (NYSE:DKL) EVP Reuven Spiegel sold 250 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $45.86, for a total transaction of $11,465.00. Following the completion of the sale, the executive vice president owned 24,212 shares of the company’s stock, valued at $1,110,362.32. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Reuven Spiegel also recently made the following trade(s):

• On Wednesday, November 5th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The stock was sold at an average price of $45.00, for a total transaction of $11,250.00.
• On Monday, October 6th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The shares were sold at an average price of $45.00, for a total value of $11,250.00.
• On Friday, September 12th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The stock was sold at an average price of $45.00, for a total value of $11,250.00.

Delek Logistics Partners Trading Down 0.1%

DKL stock traded down $0.03 during midday trading on Monday, reaching $45.80. The company’s stock had a trading volume of 37,688 shares, compared to its average volume of 58,578. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.56 and a beta of 0.47. Delek Logistics Partners, L.P. has a 1 year low of $34.59 and a 1 year high of $48.00. The company has a debt-to-equity ratio of 130.97, a quick ratio of 0.98 and a current ratio of 1.03. The stock has a fifty day simple moving average of $44.95 and a two-hundred day simple moving average of $44.17.

Delek Logistics Partners (NYSE:DKL) last issued its earnings results on Friday, November 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.26). Delek Logistics Partners had a net margin of 17.00% and a return on equity of 360.64%. The firm had revenue of $261.28 million for the quarter, compared to the consensus estimate of $251.65 million. On average, equities research analysts predict that Delek Logistics Partners, L.P. will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Friday, November 7th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 9.8%. The ex-dividend date was Friday, November 7th. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.12. Delek Logistics Partners’s dividend payout ratio (DPR) is currently 144.98%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DKL. Mizuho boosted their price target on shares of Delek Logistics Partners from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Delek Logistics Partners in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.50.

Institutional Investors Weigh In On Delek Logistics Partners

Several institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Delek Logistics Partners by 24.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,523,062 shares of the oil and gas producer’s stock valued at $65,416,000 after purchasing an additional 298,867 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Delek Logistics Partners by 2.5% in the 3rd quarter. Alps Advisors Inc. now owns 4,323,382 shares of the oil and gas producer’s stock valued at $196,887,000 after purchasing an additional 104,115 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Delek Logistics Partners by 30.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 426,966 shares of the oil and gas producer’s stock worth $19,444,000 after purchasing an additional 99,500 shares in the last quarter. HRT Financial LP increased its stake in Delek Logistics Partners by 278.3% during the 2nd quarter. HRT Financial LP now owns 74,704 shares of the oil and gas producer’s stock valued at $3,208,000 after purchasing an additional 54,959 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of 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 buying an additional 48,284 shares during the period. 11.75% of the stock is currently owned by institutional investors and hedge funds.

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.