Focus Financial Network Inc. Purchases 542 Shares of Delek Logistics Partners, LP (NYSE:DKL)

Focus Financial Network Inc. boosted its position in Delek Logistics Partners, LP (NYSE:DKL) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,160 shares of the oil and gas producer’s stock after acquiring an additional 542 shares during the period. Focus Financial Network Inc.’s holdings in Delek Logistics Partners were worth $429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in Delek Logistics Partners in the third quarter worth approximately $49,000. Sittner & Nelson LLC bought a new position in Delek Logistics Partners in the third quarter worth approximately $109,000. Millburn Ridgefield Corp bought a new position in Delek Logistics Partners in the third quarter worth approximately $131,000. Stifel Financial Corp bought a new position in Delek Logistics Partners in the third quarter worth approximately $206,000. Finally, Foundations Investment Advisors LLC bought a new position in Delek Logistics Partners in the third quarter worth approximately $211,000. Institutional investors own 11.75% of the company’s stock.

Analysts Set New Price Targets

DKL has been the topic of several recent research reports. Raymond James increased their price target on Delek Logistics Partners from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. StockNews.com lowered Delek Logistics Partners from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America began 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. Finally, Truist Financial raised their target price on Delek Logistics Partners from $46.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.25.

Insider Buying and Selling

In other Delek Logistics Partners news, Chairman Ezra Uzi Yemin purchased 3,750 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $39.95 per share, for a total transaction of $149,812.50. Following the completion of the acquisition, the chairman now owns 162,217 shares of the company’s stock, valued at $6,480,569.15. The trade was a 2.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Delek Logistics Partners Trading Up 0.1 %

Shares of Delek Logistics Partners stock opened at $41.09 on Friday. The business’s fifty day simple moving average is $41.99 and its 200 day simple moving average is $40.93. The firm has a market capitalization of $2.11 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.34 and a beta of 2.10. Delek Logistics Partners, LP has a 12 month low of $37.02 and a 12 month high of $46.50.

Delek Logistics Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a dividend of $1.105 per share. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.10. This represents a $4.42 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date was Tuesday, February 4th. Delek Logistics Partners’s dividend payout ratio (DPR) is 156.74%.

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.