Robert Wright Purchases 1,500 Shares of Delek Logistics Partners (NYSE:DKL) Stock

Delek Logistics Partners, L.P. (NYSE:DKL) EVP Robert Wright acquired 1,500 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $50.00 per share, for a total transaction of $75,000.00. Following the completion of the acquisition, the executive vice president owned 7,994 shares in the company, valued at approximately $399,700. This represents a 23.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Delek Logistics Partners Stock Down 0.1%

DKL stock opened at $53.70 on Wednesday. Delek Logistics Partners, L.P. has a fifty-two week low of $42.35 and a fifty-two week high of $61.50. The company has a debt-to-equity ratio of 386.77, a current ratio of 0.96 and a quick ratio of 0.91. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 18.71 and a beta of 0.46. The business’s fifty day moving average price is $54.34 and its two-hundred day moving average price is $52.72.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Wednesday, August 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.39). Delek Logistics Partners had a net margin of 12.85% and a negative return on equity of 935.80%. The business had revenue of $384.76 million during the quarter, compared to the consensus estimate of $293.64 million. On average, equities analysts anticipate that Delek Logistics Partners, L.P. will post 3.94 earnings per share for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a $1.135 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.54 dividend on an annualized basis and a yield of 8.5%. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.13. Delek Logistics Partners’s payout ratio is presently 158.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DKL shares. UBS Group began coverage on shares of Delek Logistics Partners in a research report on Thursday, July 16th. They issued a “neutral” rating and a $56.00 price target for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Delek Logistics Partners in a research report on Friday, August 7th. Mizuho raised their price objective on Delek Logistics Partners from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Raymond James Financial reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Delek Logistics Partners in a report on Thursday, April 30th. Finally, Zacks Research upgraded Delek Logistics Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.40.

Institutional Trading of Delek Logistics Partners

A number of institutional investors and hedge funds have recently made changes to their positions in DKL. Jones Financial Companies Lllp increased its stake in Delek Logistics Partners by 303.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock valued at $52,000 after acquiring an additional 910 shares during the last quarter. Jump Financial LLC acquired a new position in Delek Logistics Partners during the second quarter valued at approximately $207,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Delek Logistics Partners by 24.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,523,062 shares of the oil and gas producer’s stock worth $65,416,000 after purchasing an additional 298,867 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Delek Logistics Partners by 30.8% during the second quarter. Raymond James Financial Inc. now owns 205,036 shares of the oil and gas producer’s stock worth $8,806,000 after purchasing an additional 48,284 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Delek Logistics Partners by 1,186.5% in the 2nd quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock valued at $180,000 after purchasing an additional 3,868 shares in the last quarter. Institutional investors own 11.75% of the company’s stock.

Delek Logistics Partners News Summary

Here are the key news stories impacting Delek Logistics Partners this week:

• Positive Sentiment: Company insiders collectively purchased approximately $750,000 of DKL units at $50 per unit on August 13. Chairman Ezra Uzi Yemin bought 6,000 units, while President Avigal Soreq and EVPs Mark Wayne Hobbs, Robert G. Wright and Reuven Spiegel also increased their holdings. The purchases—raising individual positions by roughly 3% to 23%—may signal that management views the units as attractively valued. Insider buying report
• Positive Sentiment: Delek Logistics increased its quarterly distribution to $1.135 per unit from $1.13, maintaining a long record of distribution growth. The annualized payout is $4.54, equivalent to an approximately 8.5% yield, which may support demand from income-focused investors. However, the payout ratio remains elevated at about 158%. Dividend increase article
• Neutral Sentiment: Analyst sentiment is generally favorable but mixed. Zacks upgraded DKL to “strong buy,” while Raymond James maintained “outperform”; UBS remains “neutral.” The consensus rating is “Moderate Buy,” with an average price target of $55.40.
• Negative Sentiment: Delek Logistics announced a public offering of common units. Although the proceeds could fund growth or balance-sheet needs, issuing additional units may dilute existing holders and weigh on the market price, particularly given DKL’s very high debt-to-equity ratio. Common-unit offering announcement
• Negative Sentiment: The partnership’s latest quarterly EPS of $0.54 missed analysts’ $0.93 estimate, despite revenue exceeding expectations. The earnings shortfall, negative return on equity and high distribution burden remain concerns for investors evaluating the sustainability of DKL’s yield.

Delek Logistics Partners Company Profile

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.