Delek Logistics Partners, LP (NYSE:DKL) Director Sherri Anne Brillon Purchases 2,000 Shares of Stock

Delek Logistics Partners, LP (NYSE:DKL) Director Sherri Anne Brillon acquired 2,000 shares of Delek Logistics Partners stock in a transaction on Monday, August 19th. The shares were bought at an average price of $39.00 per share, with a total value of $78,000.00. Following the completion of the transaction, the director now directly owns 11,433 shares of the company’s stock, valued at approximately $445,887. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Delek Logistics Partners Price Performance

Shares of DKL stock opened at $38.69 on Thursday. The firm has a market cap of $1.83 billion, a PE ratio of 13.97 and a beta of 2.12. The company has a 50-day moving average of $40.07 and a two-hundred day moving average of $40.59. Delek Logistics Partners, LP has a 1-year low of $37.02 and a 1-year high of $53.80.

Delek Logistics Partners (NYSE:DKL) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $264.63 million for the quarter, compared to analysts’ expectations of $257.17 million. Delek Logistics Partners had a net margin of 11.81% and a negative return on equity of 115.32%. During the same quarter in the prior year, the company earned $0.73 earnings per share. Sell-side analysts anticipate that Delek Logistics Partners, LP will post 3.27 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, August 9th were issued a $1.09 dividend. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Friday, August 9th. This represents a $4.36 annualized dividend and a yield of 11.27%. Delek Logistics Partners’s dividend payout ratio (DPR) is 157.40%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Delek Logistics Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 7th.

Institutional Trading of Delek Logistics Partners

Several hedge funds have recently added to or reduced their stakes in DKL. Susquehanna Fundamental Investments LLC purchased a new position in Delek Logistics Partners in the second quarter valued at approximately $456,000. Strategic Financial Concepts LLC increased its stake 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 valued at $201,000 after purchasing an additional 484,571 shares during the last quarter. Van ECK Associates Corp increased its stake in Delek Logistics Partners by 76.0% in the second quarter. Van ECK Associates Corp now owns 3,329 shares of the oil and gas producer’s stock valued at $135,000 after purchasing an additional 1,437 shares during the last quarter. IFG Advisory LLC purchased a new position in Delek Logistics Partners in the second quarter valued at approximately $640,000. Finally, HB Wealth Management LLC purchased a new position in Delek Logistics Partners in the second quarter valued at approximately $203,000. 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.