Delek Logistics Partners, LP (NYSE:DKL) President Avigal Soreq Buys 2,563 Shares

Delek Logistics Partners, LP (NYSE:DKL) President Avigal Soreq purchased 2,563 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were bought at an average price of $39.00 per share, with a total value of $99,957.00. Following the purchase, the president now owns 46,758 shares in the company, valued at $1,823,562. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Delek Logistics Partners Price Performance

Shares of NYSE DKL opened at $39.28 on Tuesday. The stock’s fifty day moving average price is $41.20 and its two-hundred day moving average price is $40.26. Delek Logistics Partners, LP has a one year low of $37.02 and a one year high of $53.80. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 14.18 and a beta of 2.11.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $264.63 million during the quarter, compared to the consensus estimate of $257.17 million. Delek Logistics Partners had a negative return on equity of 147.45% and a net margin of 12.48%. During the same period in the prior year, the company earned $0.73 EPS. On average, equities analysts anticipate that Delek Logistics Partners, LP will post 3.41 earnings per share for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 9th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date was Friday, August 9th. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.73. Delek Logistics Partners’s dividend payout ratio (DPR) is 157.40%.

Institutional Trading of Delek Logistics Partners

A number of hedge funds have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new stake in Delek Logistics Partners during the first quarter worth about $66,000. Van ECK Associates Corp lifted its position in Delek Logistics Partners by 76.0% in the 2nd quarter. Van ECK Associates Corp now owns 3,329 shares of the oil and gas producer’s stock valued at $135,000 after acquiring an additional 1,437 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Delek Logistics Partners during the 2nd quarter valued at $203,000. Susquehanna Fundamental Investments LLC bought a new position in Delek Logistics Partners in the 2nd quarter worth $456,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Delek Logistics Partners in the second quarter valued at about $522,000. 11.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DKL shares. Citigroup upgraded Delek Logistics Partners from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $45.00 in a research note on Wednesday, August 28th. StockNews.com lowered Delek Logistics Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th.

Delek Logistics Partners Company 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.