Delek Logistics Partners, LP (NYSE:DKL) Chairman Acquires $149,812.50 in Stock

Delek Logistics Partners, LP (NYSE:DKL) Chairman Ezra Uzi Yemin purchased 3,750 shares of the business’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $39.95 per share, for a total transaction of $149,812.50. Following the purchase, the chairman now owns 162,217 shares of the company’s stock, valued at $6,480,569.15. This trade represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Ezra Uzi Yemin also recently made the following trade(s):

• On Thursday, November 14th, Ezra Uzi Yemin acquired 710 shares of Delek Logistics Partners stock. The shares were purchased at an average price of $38.72 per share, with a total value of $27,491.20.

Delek Logistics Partners Price Performance

NYSE DKL opened at $39.95 on Thursday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.13 and a beta of 2.12. Delek Logistics Partners, LP has a 12 month low of $37.02 and a 12 month high of $47.67. The company’s fifty day moving average price is $39.22 and its two-hundred day moving average price is $40.24.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.19). Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. The firm had revenue of $214.07 million during the quarter, compared to analyst estimates of $270.98 million. During the same quarter last year, the business posted $0.80 earnings per share. As a group, analysts anticipate that Delek Logistics Partners, LP will post 3.05 EPS for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 8th were paid a dividend of $1.10 per share. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, November 8th. This represents a $4.40 annualized dividend and a yield of 11.01%. Delek Logistics Partners’s payout ratio is presently 156.03%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DKL. Strategic Financial Concepts LLC grew its position in shares of Delek Logistics Partners by 4,182.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 496,156 shares of the oil and gas producer’s stock valued at $201,000 after buying an additional 484,571 shares during the last quarter. Infrastructure Capital Advisors LLC raised its position in shares of Delek Logistics Partners by 18.6% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 252,863 shares of the oil and gas producer’s stock worth $11,055,000 after purchasing an additional 39,577 shares during the period. IFG Advisory LLC acquired a new position in Delek Logistics Partners during the 2nd quarter valued at approximately $640,000. Sanctuary Advisors LLC acquired a new stake in Delek Logistics Partners in the second quarter worth $522,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Delek Logistics Partners in the second quarter valued at $456,000. 11.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DKL has been the topic of a number of research analyst reports. Bank of America started coverage on Delek Logistics Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $36.00 target price on the stock. Truist Financial boosted their target price on Delek Logistics Partners from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Citigroup raised shares of Delek Logistics Partners from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $45.00 in a research report on Wednesday, August 28th. Finally, StockNews.com cut Delek Logistics Partners from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Delek Logistics Partners has an average rating of “Hold” and an average price target of $44.00.

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.