Delek Logistics Partners (NYSE:DKL) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Delek Logistics Partners, L.P. (NYSE:DKL) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $44.04 and traded as high as $46.72. Delek Logistics Partners shares last traded at $45.5130, with a volume of 42,581 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on DKL shares. Mizuho lifted their target price on Delek Logistics Partners from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Delek Logistics Partners in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.50.

Delek Logistics Partners Stock Down 2.1%

The business has a 50-day moving average price of $44.93 and a 200-day moving average price of $44.04. The stock has a market cap of $2.43 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 0.57 and a beta of 0.47. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 130.97.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings data on Friday, November 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.26). The company had revenue of $261.28 million for the quarter, compared to analyst estimates of $251.65 million. Delek Logistics Partners had a return on equity of 360.64% and a net margin of 17.00%. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Friday, November 7th were paid a $1.12 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $4.48 dividend on an annualized basis and a yield of 9.8%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.12. Delek Logistics Partners’s dividend payout ratio is 144.98%.

Institutional Investors Weigh In On Delek Logistics Partners

Several large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Delek Logistics Partners by 24.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,523,062 shares of the oil and gas producer’s stock worth $65,416,000 after buying an additional 298,867 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of Delek Logistics Partners by 2.5% in the 3rd quarter. Alps Advisors Inc. now owns 4,323,382 shares of the oil and gas producer’s stock valued at $196,887,000 after buying an additional 104,115 shares during the period. JPMorgan Chase & Co. grew its position in Delek Logistics Partners by 30.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 426,966 shares of the oil and gas producer’s stock valued at $19,444,000 after acquiring an additional 99,500 shares in the last quarter. HRT Financial LP grew its holdings in shares of Delek Logistics Partners by 278.3% in the second quarter. HRT Financial LP now owns 74,704 shares of the oil and gas producer’s stock valued at $3,208,000 after purchasing an additional 54,959 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Delek Logistics Partners by 30.8% during the 2nd quarter. Raymond James Financial Inc. now owns 205,036 shares of the oil and gas producer’s stock worth $8,806,000 after buying an additional 48,284 shares during the period. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

Delek Logistics Partners Company Profile

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.