Delek Logistics Partners, LP (NYSE:DKL - Get Free Report) CFO Reuven Spiegel purchased 1,282 shares of Delek Logistics Partners stock in a transaction dated Thursday, October 10th. The stock was bought at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the chief financial officer now directly owns 20,223 shares in the company, valued at $788,697. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Reuven Spiegel also recently made the following trade(s):
- On Thursday, August 22nd, Reuven Spiegel acquired 3,885 shares of Delek Logistics Partners stock. The shares were acquired at an average price of $38.98 per share, for a total transaction of $151,437.30.
Delek Logistics Partners Trading Down 0.6 %
DKL opened at $39.13 on Wednesday. The company's 50 day moving average is $41.18 and its 200-day moving average is $40.25. The company has a market cap of $1.85 billion, a P/E ratio of 14.13 and a beta of 2.11. Delek Logistics Partners, LP has a 1-year low of $37.02 and a 1-year high of $53.80.
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Delek Logistics Partners (NYSE:DKL - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.06. Delek Logistics Partners had a negative return on equity of 147.45% and a net margin of 12.48%. The firm had revenue of $264.63 million for the quarter, compared to analyst estimates of $257.17 million. During the same quarter in the previous year, the company posted $0.73 EPS. On average, equities analysts forecast that Delek Logistics Partners, LP will post 3.41 EPS for the current year.
Delek Logistics Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 9th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 11.14%. The ex-dividend date of this dividend was Friday, August 9th. This is a boost from Delek Logistics Partners's previous quarterly dividend of $0.73. Delek Logistics Partners's dividend payout ratio (DPR) is 157.40%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on DKL shares. Citigroup raised shares of Delek Logistics Partners from a "neutral" rating to a "buy" rating and raised their price target for the stock from $44.00 to $45.00 in a research note on Wednesday, August 28th. StockNews.com lowered Delek Logistics Partners from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, September 24th.
View Our Latest Stock Analysis on DKL
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Delek Logistics Partners by 205.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,482,686 shares of the oil and gas producer's stock valued at $60,775,000 after purchasing an additional 997,860 shares during the last quarter. Strategic Financial Concepts LLC increased its position in Delek Logistics Partners by 4,182.7% in the second quarter. Strategic Financial Concepts LLC now owns 496,156 shares of the oil and gas producer's stock worth $201,000 after buying an additional 484,571 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in Delek Logistics Partners in the 1st quarter worth about $12,656,000. Kayne Anderson Capital Advisors LP bought a new stake in shares of Delek Logistics Partners in the first quarter valued at approximately $10,304,000. Finally, GSA Capital Partners LLP raised its holdings in Delek Logistics Partners by 263.8% during the 1st quarter. GSA Capital Partners LLP now owns 37,535 shares of the oil and gas producer's stock valued at $1,539,000 after acquiring an additional 27,217 shares during the period. 11.75% of the stock is currently owned by institutional investors and hedge funds.
Delek Logistics Partners Company Profile
(
Get Free Report)
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.
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