Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. acquired 8,646 shares of Delek Logistics Partners stock in a transaction on Monday, November 14th. The stock was acquired at an average price of $23.28 per share, with a total value of $201,278.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Delek Us Holdings, Inc. also recently made the following trade(s):

  • On Tuesday, November 15th, Delek Us Holdings, Inc. acquired 16,000 shares of Delek Logistics Partners stock. The stock was acquired at an average price of $24.84 per share, with a total value of $397,440.00.
  • On Friday, November 11th, Delek Us Holdings, Inc. acquired 11,796 shares of Delek Logistics Partners stock. The stock was acquired at an average price of $23.00 per share, with a total value of $271,308.00.

Delek Logistics Partners LP (NYSE:DKL) traded down 1.3113% on Thursday, hitting $24.8202. The stock had a trading volume of 35,805 shares. Delek Logistics Partners LP has a 52 week low of $21.30 and a 52 week high of $38.00. The firm has a 50-day moving average of $25.02 and a 200 day moving average of $26.52. The company has a market capitalization of $603.23 million, a price-to-earnings ratio of 11.4749 and a beta of 1.34.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.14. The business earned $107.50 million during the quarter, compared to analyst estimates of $108.61 million. The company’s revenue was down 34.9% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. On average, analysts predict that Delek Logistics Partners LP will post $2.10 earnings per share for the current year.

Insider Buying and Selling by Quarter for Delek Logistics Partners (NYSE:DKL)

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were paid a dividend of $0.655 per share. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.63. The ex-dividend date was Thursday, November 3rd. This represents a $2.62 dividend on an annualized basis and a yield of 10.42%.

A number of research analysts have issued reports on DKL shares. Wells Fargo & Co. upgraded Delek Logistics Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 9th. Zacks Investment Research downgraded Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 11th. Finally, Barclays PLC reduced their price objective on Delek Logistics Partners from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Delek Logistics Partners presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HITE Hedge Asset Management LLC boosted its position in shares of Delek Logistics Partners by 142.9% in the second quarter. HITE Hedge Asset Management LLC now owns 36,683 shares of the company’s stock worth $980,000 after buying an additional 21,579 shares during the last quarter. Homrich & Berg boosted its position in shares of Delek Logistics Partners by 5.3% in the second quarter. Homrich & Berg now owns 42,338 shares of the company’s stock worth $1,131,000 after buying an additional 2,145 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Delek Logistics Partners during the second quarter worth about $4,317,000. Global X Management Co. LLC boosted its position in shares of Delek Logistics Partners by 17.9% in the second quarter. Global X Management Co. LLC now owns 220,344 shares of the company’s stock worth $5,885,000 after buying an additional 33,516 shares during the last quarter. Finally, PEAK6 Investments L.P. bought a new position in shares of Delek Logistics Partners during the second quarter worth about $211,000.

About Delek Logistics Partners

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.

5 Day Chart for NYSE:DKL

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