Delek Logistics Partners (NYSE:DKL) EVP Sells $13,095.00 in Stock

Delek Logistics Partners, L.P. (NYSE:DKL) EVP Reuven Spiegel sold 250 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $52.38, for a total value of $13,095.00. Following the sale, the executive vice president directly owned 22,740 shares of the company’s stock, valued at approximately $1,191,121.20. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Reuven Spiegel also recently made the following trade(s):

• On Monday, January 5th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The stock was sold at an average price of $46.99, for a total value of $11,747.50.
• On Thursday, December 4th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The shares were sold at an average price of $45.86, for a total value of $11,465.00.

Delek Logistics Partners Trading Up 2.5%

Shares of DKL opened at $52.58 on Monday. The business’s 50-day moving average price is $47.07 and its 200 day moving average price is $45.42. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 130.97. The stock has a market capitalization of $2.81 billion, a P/E ratio of 17.01, a P/E/G ratio of 0.48 and a beta of 0.51. Delek Logistics Partners, L.P. has a 1-year low of $34.59 and a 1-year high of $53.52.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings data on Friday, November 7th. The oil and gas producer reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.26). The firm had revenue of $261.28 million for the quarter, compared to analysts’ expectations of $251.65 million. Delek Logistics Partners had a net margin of 17.00% and a return on equity of 360.64%. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be paid a dividend of $1.125 per share. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $4.50 annualized dividend and a yield of 8.6%. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 145.63%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DKL. Weiss Ratings raised Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Zacks Research cut Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Delek Logistics Partners by 303.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 910 shares in the last quarter. Castellan Group grew its stake in shares of Delek Logistics Partners by 8.1% in the 2nd quarter. Castellan Group now owns 75,954 shares of the oil and gas producer’s stock valued at $3,262,000 after buying an additional 5,668 shares in the last quarter. ELCO Management Co. LLC acquired a new position in Delek Logistics Partners in the second quarter worth approximately $494,000. IFG Advisory LLC increased its holdings in Delek Logistics Partners by 5.5% in the second quarter. IFG Advisory LLC now owns 36,364 shares of the oil and gas producer’s stock worth $1,562,000 after buying an additional 1,883 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its position in Delek Logistics Partners by 5.6% during the second quarter. Westwood Holdings Group Inc. now owns 231,169 shares of the oil and gas producer’s stock valued at $9,929,000 after acquiring an additional 12,266 shares in the last quarter. Hedge funds and other institutional investors own 11.75% of the company’s stock.

Delek Logistics Partners Company Profile

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.