GraniteShares Advisors LLC Sells 13,259 Shares of Delek Logistics Partners, L.P. $DKL

GraniteShares Advisors LLC trimmed its holdings in shares of Delek Logistics Partners, L.P. (NYSE:DKL) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,694 shares of the oil and gas producer’s stock after selling 13,259 shares during the quarter. GraniteShares Advisors LLC owned 0.11% of Delek Logistics Partners worth $2,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Delek Logistics Partners during the second quarter worth $50,000. Jones Financial Companies Lllp lifted its position in shares of Delek Logistics Partners by 303.3% during the first 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 during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Delek Logistics Partners by 92.8% during the third quarter. Farther Finance Advisors LLC now owns 2,285 shares of the oil and gas producer’s stock worth $104,000 after purchasing an additional 1,100 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Delek Logistics Partners by 245.8% during the second quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock worth $115,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Delek Logistics Partners by 1,186.5% during the second quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock worth $180,000 after purchasing an additional 3,868 shares during the last quarter. 11.75% of the stock is currently owned by institutional investors.

Delek Logistics Partners Stock Up 1.2%

Shares of NYSE DKL opened at $50.18 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.07 and a debt-to-equity ratio of 386.77. The stock has a market capitalization of $2.68 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54. The stock’s fifty day simple moving average is $52.23 and its two-hundred day simple moving average is $48.27. Delek Logistics Partners, L.P. has a 12-month low of $35.75 and a 12-month high of $55.89.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Friday, February 27th. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.38). The company had revenue of $255.77 million for the quarter, compared to the consensus estimate of $283.64 million. Delek Logistics Partners had a net margin of 17.41% and a return on equity of 461.30%. As a group, analysts expect that Delek Logistics Partners, L.P. will post 4.13 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a dividend of $1.125 per share. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $4.50 annualized dividend and a yield of 9.0%. Delek Logistics Partners’s payout ratio is 136.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 target price on shares of Delek Logistics Partners in a research report on Thursday, March 5th. Truist Financial began coverage on Delek Logistics Partners in a research report on Tuesday, March 24th. They set a “hold” rating and a $57.00 target price for the company. Zacks Research downgraded Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Weiss Ratings upgraded Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Finally, Citigroup reiterated a “neutral” rating and set a $52.00 target price (up from $47.00) on shares of Delek Logistics Partners in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.25.

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.