Delek Us Holdings, Inc. Buys 16,000 Shares of Delek Logistics Partners LP (DKL) Stock
Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. purchased 16,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were acquired at an average cost of $24.84 per share, with a total value of $397,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Delek Us Holdings, Inc. also recently made the following trade(s):
- On Monday, November 14th, Delek Us Holdings, Inc. acquired 8,646 shares of Delek Logistics Partners stock. The shares were purchased at an average price of $23.28 per share, with a total value of $201,278.88.
- On Friday, November 11th, Delek Us Holdings, Inc. acquired 11,796 shares of Delek Logistics Partners stock. The shares were purchased at an average price of $23.00 per share, with a total value of $271,308.00.
Shares of Delek Logistics Partners LP (NYSE:DKL) opened at 25.00 on Friday. The company has a market capitalization of $607.60 million, a price-to-earnings ratio of 11.56 and a beta of 1.34. Delek Logistics Partners LP has a 52 week low of $21.30 and a 52 week high of $38.00. The stock has a 50 day moving average of $24.92 and a 200-day moving average of $26.51.
Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings data on Monday, October 31st. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.14. The company had revenue of $107.50 million for the quarter, compared to the consensus estimate of $108.61 million. During the same period in the previous year, the business posted $0.70 earnings per share. Delek Logistics Partners’s revenue for the quarter was down 34.9% compared to the same quarter last year. On average, analysts anticipate that Delek Logistics Partners LP will post $2.10 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were paid a $0.655 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.63. This represents a $2.62 dividend on an annualized basis and a yield of 10.48%.
A number of hedge funds have recently added to or reduced their stakes in DKL. Parkside Financial Bank & Trust raised its stake in Delek Logistics Partners by 5.1% in the third quarter. Parkside Financial Bank & Trust now owns 8,625 shares of the company’s stock worth $247,000 after buying an additional 415 shares during the period. Homrich & Berg raised its stake in Delek Logistics Partners by 4.0% in the third quarter. Homrich & Berg now owns 44,031 shares of the company’s stock worth $1,258,000 after buying an additional 1,693 shares during the period. Creative Planning raised its stake in Delek Logistics Partners by 80.8% in the third quarter. Creative Planning now owns 8,110 shares of the company’s stock worth $232,000 after buying an additional 3,625 shares during the period. BP Capital Fund Advisors LLC raised its stake in Delek Logistics Partners by 7.4% in the third quarter. BP Capital Fund Advisors LLC now owns 74,441 shares of the company’s stock worth $2,128,000 after buying an additional 5,101 shares during the period. Finally, PEAK6 Investments L.P. acquired a new stake in Delek Logistics Partners during the second quarter worth $211,000.
A number of analysts have weighed in on DKL shares. Wells Fargo & Co. upgraded shares of Delek Logistics Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 9th. Zacks Investment Research lowered shares of 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 shares of 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.00.
Delek Logistics Partners Company Profile
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.
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