Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. purchased 2,901 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was purchased at an average cost of $30.95 per share, with a total value of $89,785.95. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Delek Us Holdings, Inc. also recently made the following trade(s):

  • On Tuesday, May 30th, Delek Us Holdings, Inc. purchased 2,514 shares of Delek Logistics Partners stock. The stock was purchased at an average cost of $30.87 per share, with a total value of $77,607.18.
  • On Friday, May 26th, Delek Us Holdings, Inc. purchased 1,200 shares of Delek Logistics Partners stock. The stock was purchased at an average cost of $30.87 per share, with a total value of $37,044.00.
  • On Wednesday, May 31st, Delek Us Holdings, Inc. purchased 7,314 shares of Delek Logistics Partners stock. The stock was purchased at an average cost of $30.69 per share, with a total value of $224,466.66.
  • On Thursday, May 25th, Delek Us Holdings, Inc. bought 6,588 shares of Delek Logistics Partners stock. The stock was bought at an average cost of $30.86 per share, with a total value of $203,305.68.
  • On Monday, May 22nd, Delek Us Holdings, Inc. bought 3,443 shares of Delek Logistics Partners stock. The stock was bought at an average cost of $30.99 per share, with a total value of $106,698.57.
  • On Thursday, May 18th, Delek Us Holdings, Inc. bought 5,019 shares of Delek Logistics Partners stock. The stock was bought at an average cost of $30.99 per share, with a total value of $155,538.81.
  • On Monday, May 15th, Delek Us Holdings, Inc. bought 3,781 shares of Delek Logistics Partners stock. The stock was bought at an average cost of $31.78 per share, with a total value of $120,160.18.
  • On Tuesday, May 9th, Delek Us Holdings, Inc. bought 1,117 shares of Delek Logistics Partners stock. The stock was bought at an average cost of $31.08 per share, with a total value of $34,716.36.
  • On Monday, May 8th, Delek Us Holdings, Inc. bought 1,700 shares of Delek Logistics Partners stock. The stock was bought at an average cost of $30.58 per share, with a total value of $51,986.00.
  • On Wednesday, May 10th, Delek Us Holdings, Inc. bought 4,617 shares of Delek Logistics Partners stock. The stock was bought at an average cost of $31.09 per share, with a total value of $143,542.53.

Shares of Delek Logistics Partners LP (DKL) remained flat at $30.90 during trading on Friday. The company had a trading volume of 13,131 shares. Delek Logistics Partners LP has a 1-year low of $21.30 and a 1-year high of $36.05. The stock’s 50-day moving average price is $31.24 and its 200-day moving average price is $30.72. The company has a market cap of $751.74 million, a PE ratio of 15.72 and a beta of 1.40.

Delek Logistics Partners (NYSE:DKL) last issued its quarterly earnings results on Monday, May 8th. The oil and gas producer reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.07. The company had revenue of $129.50 million during the quarter, compared to the consensus estimate of $128.42 million. Delek Logistics Partners had a net margin of 14.52% and a negative return on equity of 554.90%. The company’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. On average, analysts forecast that Delek Logistics Partners LP will post $2.46 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Delek Logistics Partners (NYSE:DKL)

The business also recently declared a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Friday, May 5th were paid a $0.69 dividend. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.68. This represents a $2.76 annualized dividend and a dividend yield of 8.93%. The ex-dividend date was Wednesday, May 3rd. Delek Logistics Partners’s payout ratio is 125.93%.

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Large investors have recently modified their holdings of the stock. HITE Hedge Asset Management LLC increased its position in shares of Delek Logistics Partners by 34.0% in the first quarter. HITE Hedge Asset Management LLC now owns 318,027 shares of the oil and gas producer’s stock valued at $10,590,000 after buying an additional 80,686 shares in the last quarter. Morgan Stanley increased its position in shares of Delek Logistics Partners by 56.2% in the first quarter. Morgan Stanley now owns 218,785 shares of the oil and gas producer’s stock valued at $7,285,000 after buying an additional 78,749 shares in the last quarter. Global Endowment Management LP purchased a new position in shares of Delek Logistics Partners during the first quarter valued at approximately $1,222,000. HighTower Advisors LLC purchased a new position in shares of Delek Logistics Partners during the third quarter valued at approximately $934,000. Finally, Franklin Square Holdings L.P. purchased a new position in shares of Delek Logistics Partners during the first quarter valued at approximately $769,000. Institutional investors and hedge funds own 30.13% of the company’s stock.

A number of equities analysts have recently issued reports on DKL shares. Zacks Investment Research raised Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Thursday, May 11th. Scotiabank reissued a “hold” rating and issued a $33.00 target price on shares of Delek Logistics Partners in a report on Thursday, March 23rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.20.

Delek Logistics Partners Company Profile

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.

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