Castellan Group Purchases 3,016 Shares of Delek Logistics Partners, LP (NYSE:DKL)

Castellan Group increased its position in shares of Delek Logistics Partners, LP (NYSE:DKL) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,142 shares of the oil and gas producer’s stock after purchasing an additional 3,016 shares during the period. Delek Logistics Partners accounts for 1.5% of Castellan Group’s portfolio, making the stock its 27th largest holding. Castellan Group owned 0.16% of Delek Logistics Partners worth $3,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DKL. Sanctuary Advisors LLC bought a new stake in Delek Logistics Partners in the 2nd quarter valued at $522,000. Foundations Investment Advisors LLC bought a new stake in Delek Logistics Partners in the 3rd quarter valued at $211,000. Farther Finance Advisors LLC bought a new stake in Delek Logistics Partners in the 3rd quarter valued at $49,000. Indie Asset Partners LLC bought a new stake in Delek Logistics Partners in the 3rd quarter valued at $306,000. Finally, Sittner & Nelson LLC bought a new stake in Delek Logistics Partners in the 3rd quarter valued at $109,000. 11.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Ezra Uzi Yemin purchased 3,750 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $39.95 per share, with a total value of $149,812.50. Following the purchase, the chairman now owns 162,217 shares in the company, valued at approximately $6,480,569.15. This trade represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Delek Logistics Partners Stock Down 2.5 %

Delek Logistics Partners stock opened at $40.92 on Thursday. The company’s 50-day moving average price is $41.96 and its 200-day moving average price is $40.93. Delek Logistics Partners, LP has a twelve month low of $37.02 and a twelve month high of $46.50. The company has a market cap of $2.11 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.34 and a beta of 2.10.

Delek Logistics Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were issued a $1.105 dividend. The ex-dividend date was Tuesday, February 4th. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.10. This represents a $4.42 dividend on an annualized basis and a dividend yield of 10.80%. Delek Logistics Partners’s payout ratio is 156.74%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DKL shares. StockNews.com downgraded shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America began coverage on shares of Delek Logistics Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $36.00 price target on the stock. Truist Financial boosted their target price on shares of Delek Logistics Partners from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Raymond James boosted their target price on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.25.

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.