Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. bought 38,959 shares of Delek Logistics Partners stock in a transaction on Wednesday, November 23rd. The shares were bought at an average cost of $25.78 per share, with a total value of $1,004,363.02. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, November 18th, Delek Us Holdings, Inc. acquired 33,128 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $25.02 per share, with a total value of $828,862.56.
  • On Tuesday, November 15th, Delek Us Holdings, Inc. acquired 16,000 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $24.84 per share, with a total value of $397,440.00.
  • On Monday, November 14th, Delek Us Holdings, Inc. acquired 8,646 shares of Delek Logistics Partners stock. The shares were acquired at an average cost 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 acquired at an average cost of $23.00 per share, with a total value of $271,308.00.

Delek Logistics Partners LP (NYSE:DKL) traded down 1.75% during mid-day trading on Wednesday, reaching $25.20. The company had a trading volume of 35,336 shares. The firm has a 50-day moving average of $24.68 and a 200 day moving average of $26.29. The company has a market capitalization of $612.46 million, a PE ratio of 11.65 and a beta of 1.34. Delek Logistics Partners LP has a 1-year low of $21.30 and a 1-year high of $38.00.

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

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

The company also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were issued a $0.655 dividend. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.62 dividend on an annualized basis and a yield of 10.40%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its position 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 valued at $247,000 after buying an additional 415 shares during the period. Homrich & Berg increased its position in 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 position in 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 position 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 valued at $2,128,000 after buying an additional 5,101 shares during the period. Finally, PEAK6 Investments L.P. bought a new position in Delek Logistics Partners during the second quarter valued at approximately $211,000.

Several research analysts have recently commented on the company. Zacks Investment Research raised Delek Logistics Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Barclays PLC cut their price objective on Delek Logistics Partners from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, August 11th. Finally, Wells Fargo & Co. raised Delek Logistics Partners from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Delek Logistics Partners currently has an average rating of “Hold” and an average price target of $31.00.

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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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