Delek Logistics Partners (NYSE:DKL) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Delek Logistics Partners, L.P. (NYSE:DKL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $44.04 and traded as high as $46.72. Delek Logistics Partners shares last traded at $45.5130, with a volume of 42,581 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on DKL shares. Mizuho boosted their target price on Delek Logistics Partners from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Delek Logistics Partners in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Delek Logistics Partners currently has an average rating of “Hold” and a consensus target price of $45.50.

Delek Logistics Partners Stock Down 2.1%

The firm’s 50 day moving average price is $44.93 and its two-hundred day moving average price is $44.04. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.57 and a beta of 0.47. The company has a debt-to-equity ratio of 130.97, a current ratio of 1.03 and a quick ratio of 0.98.

Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings results on Friday, November 7th. The oil and gas producer reported $0.85 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.26). The company had revenue of $261.28 million for the quarter, compared to analysts’ expectations of $251.65 million. Delek Logistics Partners had a return on equity of 360.64% and a net margin of 17.00%. As a group, sell-side analysts forecast that Delek Logistics Partners, L.P. will post 3.01 earnings per share for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Friday, November 7th were paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 9.8%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.12. The ex-dividend date was Friday, November 7th. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 144.98%.

Institutional Investors Weigh In On Delek Logistics Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. grew its position in shares of Delek Logistics Partners by 9.5% in the first quarter. Raymond James Financial Inc. now owns 156,752 shares of the oil and gas producer’s stock valued at $6,781,000 after purchasing an additional 13,580 shares during the last quarter. Plan Group Financial LLC acquired a new position in Delek Logistics Partners in the 1st quarter valued at about $1,090,000. Novem Group lifted its holdings in Delek Logistics Partners by 9.8% in the 2nd quarter. Novem Group now owns 22,719 shares of the oil and gas producer’s stock valued at $976,000 after purchasing an additional 2,019 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Delek Logistics Partners by 5.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 231,169 shares of the oil and gas producer’s stock valued at $9,929,000 after purchasing an additional 12,266 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Delek Logistics Partners by 26.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,224,195 shares of the oil and gas producer’s stock worth $52,959,000 after purchasing an additional 254,213 shares during the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.

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.