Delek Logistics Partners, L.P. $DKL Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its stake in Delek Logistics Partners, L.P. (NYSE:DKL) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,721 shares of the oil and gas producer’s stock after buying an additional 1,274 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Delek Logistics Partners worth $1,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DKL. GeoWealth Management LLC purchased a new position in Delek Logistics Partners in the 4th quarter valued at about $206,000. MGO One Seven LLC purchased a new position in Delek Logistics Partners in the 4th quarter worth approximately $206,000. Stifel Financial Corp lifted its stake in Delek Logistics Partners by 7.5% in the 4th quarter. Stifel Financial Corp now owns 5,076 shares of the oil and gas producer’s stock worth $215,000 after purchasing an additional 355 shares in the last quarter. HB Wealth Management LLC purchased a new position in Delek Logistics Partners in the 1st quarter worth approximately $250,000. Finally, Kestra Private Wealth Services LLC purchased a new position in Delek Logistics Partners in the 1st quarter worth approximately $351,000. 11.75% of the stock is owned by hedge funds and other institutional investors.

Delek Logistics Partners Stock Up 0.1%

Delek Logistics Partners stock opened at $43.14 on Thursday. Delek Logistics Partners, L.P. has a fifty-two week low of $34.59 and a fifty-two week high of $48.00. The company has a debt-to-equity ratio of 69.13, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a 50 day moving average price of $43.80 and a 200 day moving average price of $41.82. The company has a market capitalization of $2.31 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.97 and a beta of 0.69.

Delek Logistics Partners (NYSE:DKL) last posted its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. Delek Logistics Partners had a net margin of 16.58% and a return on equity of 1,224.47%. The firm had revenue of $246.35 million during the quarter, compared to the consensus estimate of $289.07 million. Research analysts expect that Delek Logistics Partners, L.P. will post 3.01 earnings per share for the current year.

Delek Logistics Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were issued a $1.115 dividend. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.11. The ex-dividend date was Friday, August 8th. This represents a $4.46 annualized dividend and a yield of 10.3%. Delek Logistics Partners’s payout ratio is 151.19%.

Analyst Upgrades and Downgrades

DKL has been the topic of a number of research reports. Mizuho raised shares of Delek Logistics Partners to a “hold” rating in a research note on Thursday, June 26th. Wall Street Zen lowered shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.25.

About Delek Logistics Partners

Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The Gathering and Processing segment consists of pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties.