Mark Wayne Hobbs Purchases 4,000 Shares of Delek Logistics Partners (NYSE:DKL) Stock

Delek Logistics Partners, L.P. (NYSE:DKL) EVP Mark Wayne Hobbs bought 4,000 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $50.00 per share, with a total value of $200,000.00. Following the acquisition, the executive vice president owned 24,125 shares in the company, valued at approximately $1,206,250. This represents a 19.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Delek Logistics Partners Trading Down 0.1%

Shares of NYSE:DKL opened at $53.70 on Wednesday. Delek Logistics Partners, L.P. has a one year low of $42.35 and a one year high of $61.50. The stock has a market capitalization of $2.86 billion, a PE ratio of 18.71 and a beta of 0.46. 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 company’s 50-day moving average price is $54.34 and its two-hundred day moving average price is $52.72.

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

Delek Logistics Partners Increases Dividend

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

Wall Street Analyst Weigh In

DKL has been the subject of a number of research reports. Zacks Research upgraded shares of Delek Logistics Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Mizuho boosted their price objective on Delek Logistics Partners from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. UBS Group initiated coverage on Delek Logistics Partners in a report on Thursday, July 16th. They set a “neutral” rating and a $56.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Delek Logistics Partners in a research note on Friday, August 7th. Finally, Raymond James Financial reissued an “outperform” rating and set a $60.00 target price on shares of Delek Logistics Partners in a report on Thursday, April 30th. One equities research 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 MarketBeat.com, Delek Logistics Partners presently has an average rating of “Moderate Buy” and a consensus price target of $55.40.

Institutional Investors Weigh In On Delek Logistics Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in shares of Delek Logistics Partners during the 2nd quarter worth $50,000. Jones Financial Companies Lllp raised its stake in Delek Logistics Partners by 303.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock worth $52,000 after acquiring an additional 910 shares in the last quarter. State of Wyoming bought a new position in shares of Delek Logistics Partners in the first quarter worth about $67,000. Osaic Holdings Inc. boosted its stake in shares of Delek Logistics Partners by 245.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock valued at $115,000 after purchasing an additional 1,910 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Delek Logistics Partners by 1,186.5% during 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 during the last quarter. 11.75% of the stock is currently owned by institutional investors.

Key Delek Logistics Partners News

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.