Delek Logistics Partners, L.P. $DKL Shares Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. raised its stake in Delek Logistics Partners, L.P. (NYSE:DKL) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,752 shares of the oil and gas producer’s stock after acquiring an additional 13,580 shares during the quarter. Raymond James Financial Inc. owned approximately 0.29% of Delek Logistics Partners worth $6,781,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Stifel Financial Corp increased its position in Delek Logistics Partners by 7.5% during 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. Cetera Investment Advisers boosted its stake in shares of Delek Logistics Partners by 31.8% during the 4th quarter. Cetera Investment Advisers now owns 25,401 shares of the oil and gas producer’s stock worth $1,073,000 after purchasing an additional 6,125 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Delek Logistics Partners by 42.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 969,982 shares of the oil and gas producer’s stock worth $40,991,000 after buying an additional 288,033 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Delek Logistics Partners by 187.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 273,220 shares of the oil and gas producer’s stock valued at $11,546,000 after buying an additional 178,324 shares during the last quarter. Finally, Novem Group purchased a new position in shares of Delek Logistics Partners during the fourth quarter valued at approximately $705,000. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delek Logistics Partners

In other news, Director Charles J. Brown III sold 1,134 shares of Delek Logistics Partners stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.91, for a total value of $48,659.94. Following the transaction, the director directly owned 17,971 shares of the company’s stock, valued at $771,135.61. The trade was a 5.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 1,884 shares of company stock valued at $82,410. Company insiders own 1.00% of the company’s stock.

Delek Logistics Partners Stock Performance

NYSE:DKL opened at $43.63 on Wednesday. The company has a market cap of $2.33 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.98 and a beta of 0.64. The firm’s 50 day moving average is $43.84 and its two-hundred day moving average is $41.90. 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 quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 69.13.

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

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 8th were paid a dividend of $1.115 per share. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.11. This represents a $4.46 annualized dividend and a yield of 10.2%. The ex-dividend date was Friday, August 8th. Delek Logistics Partners’s payout ratio is currently 151.19%.

Analyst Upgrades and Downgrades

DKL has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Mizuho raised their price objective on Delek Logistics Partners from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Delek Logistics Partners presently has a consensus rating of “Hold” and an average 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.