Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. purchased 33,128 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were purchased at an average cost of $25.02 per share, for a total transaction of $828,862.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% 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 Tuesday, November 15th, Delek Us Holdings, Inc. purchased 16,000 shares of Delek Logistics Partners stock. The shares were purchased at an average cost of $24.84 per share, for a total transaction of $397,440.00.
  • On Monday, November 14th, Delek Us Holdings, Inc. purchased 8,646 shares of Delek Logistics Partners stock. The shares were purchased at an average cost of $23.28 per share, for a total transaction of $201,278.88.
  • On Friday, November 11th, Delek Us Holdings, Inc. purchased 11,796 shares of Delek Logistics Partners stock. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $271,308.00.

Shares of Delek Logistics Partners LP (NYSE:DKL) opened at 26.00 on Tuesday. Delek Logistics Partners LP has a 52-week low of $21.30 and a 52-week high of $38.00. The company has a market cap of $631.90 million, a price-to-earnings ratio of 12.02 and a beta of 1.34. The stock has a 50 day moving average of $24.74 and a 200 day moving average of $26.32.

Delek Logistics Partners (NYSE:DKL) last released its earnings results 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 firm had revenue of $107.50 million for the quarter, compared to analysts’ expectations of $108.61 million. Delek Logistics Partners’s revenue for the quarter was down 34.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. On average, equities research analysts expect that Delek Logistics Partners LP will post $2.10 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were given a $0.655 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.63. This represents a $2.62 dividend on an annualized basis and a dividend yield of 10.08%.

Several hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in shares of Delek Logistics Partners by 5.1% in the third quarter. Parkside Financial Bank & Trust now owns 8,625 shares of the company’s stock valued at $247,000 after buying an additional 415 shares during the period. Homrich & Berg increased its stake in shares of Delek Logistics Partners by 4.0% in the third quarter. Homrich & Berg now owns 44,031 shares of the company’s stock valued at $1,258,000 after buying an additional 1,693 shares during the period. Creative Planning increased its stake in shares of Delek Logistics Partners by 80.8% in the third quarter. Creative Planning now owns 8,110 shares of the company’s stock valued at $232,000 after buying an additional 3,625 shares during the period. BP Capital Fund Advisors LLC increased its stake in shares of 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 valued at $2,128,000 after buying an additional 5,101 shares during the period. Finally, PEAK6 Investments L.P. purchased a new stake in shares of Delek Logistics Partners during the second quarter valued at approximately $211,000.

Several analysts have commented on DKL shares. Wells Fargo & Co. raised shares of Delek Logistics Partners from a “market perform” rating to an “outperform” rating in a research report 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 report on Tuesday, October 11th. Finally, Barclays PLC lowered their price objective on shares of Delek Logistics Partners from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price 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.

5 Day Chart for NYSE:DKL

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