Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. acquired 14,014 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was bought at an average price of $25.77 per share, with a total value of $361,140.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 Tuesday, November 22nd, Delek Us Holdings, Inc. acquired 16,435 shares of Delek Logistics Partners stock. The stock was bought at an average price of $25.84 per share, with a total value of $424,680.40.
  • On Wednesday, November 23rd, Delek Us Holdings, Inc. acquired 38,959 shares of Delek Logistics Partners stock. The stock was bought at an average price of $25.78 per share, with a total value of $1,004,363.02.
  • On Friday, November 18th, Delek Us Holdings, Inc. acquired 33,128 shares of Delek Logistics Partners stock. The stock was bought at an average price 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 stock was bought at an average price 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 stock was bought 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. bought 11,796 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $23.00 per share, with a total value of $271,308.00.

Delek Logistics Partners LP (NYSE:DKL) opened at 25.20 on Friday. The stock has a market capitalization of $612.46 million, a PE ratio of 11.65 and a beta of 1.34. The company’s 50-day moving average is $24.62 and its 200 day moving average is $26.28. Delek Logistics Partners LP has a 12-month low of $21.30 and a 12-month high of $38.00.

Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings results on Monday, October 31st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.14. The company had revenue of $107.50 million for the quarter, compared to analysts’ expectations of $108.61 million. During the same quarter last year, the business earned $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 predict 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 business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were issued a dividend of $0.655 per share. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.63. This represents a $2.62 annualized dividend and a yield of 10.40%. The ex-dividend date was Thursday, November 3rd.

A number of equities research analysts have recently commented on DKL shares. Wells Fargo & Co. raised shares of Delek Logistics Partners from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 9th. Zacks Investment Research cut shares of Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 11th. Finally, Barclays PLC reduced their target price on shares of 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Delek Logistics Partners has a consensus rating of “Hold” and an average price target of $31.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its position in shares of Delek Logistics Partners by 797.0% in the second quarter. Creative Planning now owns 4,485 shares of the company’s stock valued at $120,000 after buying an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC raised 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 valued at $980,000 after buying an additional 21,579 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Delek Logistics Partners during the second quarter valued at $4,317,000. Global X Management Co. LLC raised 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 valued at $5,885,000 after buying an additional 33,516 shares in the last quarter. Finally, Homrich & Berg raised 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 valued at $1,131,000 after buying an additional 2,145 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/25/delek-us-holdings-inc-purchases-14014-shares-of-delek-logistics-partners-lp-dkl-stock.html.

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

Receive News & Stock Ratings for Delek Logistics Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek Logistics Partners LP and related stocks with our FREE daily email newsletter.