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

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

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

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

Delek Logistics Partners Price Performance

DKL opened at $39.99 on Friday. The company has a market capitalization of $2.06 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 1.13 and a beta of 2.12. Delek Logistics Partners, LP has a fifty-two week low of $37.02 and a fifty-two week high of $47.67. The business has a 50-day moving average of $39.23 and a 200-day moving average of $40.24.

Delek Logistics Partners (NYSE:DKL) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.19). The business had revenue of $214.07 million for the quarter, compared to the consensus estimate of $270.98 million. Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. During the same period in the previous year, the business posted $0.80 EPS. On average, equities research analysts expect that Delek Logistics Partners, LP will post 3.05 earnings per share for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 8th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 11.00%. The ex-dividend date was Friday, November 8th. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.73. Delek Logistics Partners’s payout ratio is presently 156.03%.

Institutional Investors Weigh In On Delek Logistics Partners

A number of large investors have recently bought and sold shares of DKL. Farther Finance Advisors LLC acquired a new stake in shares of Delek Logistics Partners in the third quarter worth about $49,000. Van ECK Associates Corp lifted its holdings in Delek Logistics Partners by 76.0% in the 2nd quarter. Van ECK Associates Corp now owns 3,329 shares of the oil and gas producer’s stock worth $135,000 after purchasing an additional 1,437 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Delek Logistics Partners in the 3rd quarter worth approximately $70,000. Sittner & Nelson LLC bought a new stake in Delek Logistics Partners during the third quarter worth approximately $109,000. Finally, Millburn Ridgefield Corp acquired a new position in Delek Logistics Partners during the third quarter valued at approximately $131,000. 11.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup raised Delek Logistics Partners from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $45.00 in a research report on Wednesday, August 28th. Truist Financial increased their price target on shares of Delek Logistics Partners from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Bank of America began coverage on shares of Delek Logistics Partners in a research report on Thursday, October 17th. They set an “underperform” rating and a $36.00 price objective on the stock. Finally, StockNews.com downgraded shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.