Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. purchased 16,435 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were acquired at an average price of $25.84 per share, with a total value of $424,680.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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 Monday, November 21st, Delek Us Holdings, Inc. purchased 14,014 shares of Delek Logistics Partners stock. The shares were acquired at an average price of $25.77 per share, with a total value of $361,140.78.
  • On Wednesday, November 23rd, Delek Us Holdings, Inc. purchased 38,959 shares of Delek Logistics Partners stock. The shares were acquired 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 shares were purchased 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 purchased 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 purchased 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 purchased 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 company has a market capitalization of $612.46 million, a P/E 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. The company has a 50-day moving average of $24.62 and a 200-day moving average of $26.28.

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

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were paid a $0.655 dividend. This is a boost 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 10.40%. The ex-dividend date was Thursday, November 3rd.

Several institutional investors have recently modified their holdings of the company. First Trust Advisors LP boosted its position in shares of Delek Logistics Partners by 123.3% in the third quarter. First Trust Advisors LP now owns 361,010 shares of the company’s stock worth $10,318,000 after buying an additional 199,372 shares during the last quarter. Morgan Stanley boosted its position in shares of Delek Logistics Partners by 50.9% in the third quarter. Morgan Stanley now owns 258,097 shares of the company’s stock worth $7,377,000 after buying an additional 87,019 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Delek Logistics Partners by 11.1% in the third quarter. Global X Management Co. LLC now owns 244,699 shares of the company’s stock worth $6,993,000 after buying an additional 24,355 shares during the last quarter. HITE Hedge Asset Management LLC boosted its position in shares of Delek Logistics Partners by 485.4% in the third quarter. HITE Hedge Asset Management LLC now owns 214,741 shares of the company’s stock worth $6,137,000 after buying an additional 178,058 shares during the last quarter. Finally, Cbre Clarion Securities LLC boosted its position in shares of Delek Logistics Partners by 7.8% in the second quarter. Cbre Clarion Securities LLC now owns 135,915 shares of the company’s stock worth $3,630,000 after buying an additional 9,827 shares during the last quarter.

Several equities analysts have recently commented on DKL shares. Barclays PLC lowered 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. Zacks Investment Research raised shares of Delek Logistics Partners from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Finally, Wells Fargo & Co. downgraded shares of Delek Logistics Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, October 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.00.

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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.

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