Barclays PLC Purchases Shares of 53,355 Delek Logistics Partners, LP (NYSE:DKL)

Barclays PLC acquired a new stake in Delek Logistics Partners, LP (NYSE:DKL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 53,355 shares of the oil and gas producer's stock, valued at approximately $2,254,000. Barclays PLC owned approximately 0.10% of Delek Logistics Partners as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in Delek Logistics Partners in the fourth quarter worth about $64,000. Van ECK Associates Corp raised its holdings in shares of Delek Logistics Partners by 74.6% in the 4th quarter. Van ECK Associates Corp now owns 4,854 shares of the oil and gas producer's stock worth $205,000 after buying an additional 2,074 shares in the last quarter. Zuckerman Investment Group LLC bought a new position in shares of Delek Logistics Partners during the 4th quarter worth approximately $263,000. Apollon Wealth Management LLC lifted its position in shares of Delek Logistics Partners by 19.1% during the 4th quarter. Apollon Wealth Management LLC now owns 7,639 shares of the oil and gas producer's stock worth $323,000 after buying an additional 1,223 shares during the period. Finally, Focus Financial Network Inc. grew its position in Delek Logistics Partners by 5.6% in the fourth quarter. Focus Financial Network Inc. now owns 10,160 shares of the oil and gas producer's stock valued at $429,000 after acquiring an additional 542 shares during the period. 11.75% of the stock is owned by institutional investors.

Delek Logistics Partners Trading Up 1.5 %

NYSE DKL traded up $0.56 on Tuesday, hitting $39.03. 204,869 shares of the company were exchanged, compared to its average volume of 158,070. The company has a market cap of $2.09 billion, a P/E ratio of 13.84, a P/E/G ratio of 1.28 and a beta of 0.81. Delek Logistics Partners, LP has a 1-year low of $34.59 and a 1-year high of $45.71. The firm has a 50 day moving average of $40.21 and a two-hundred day moving average of $40.65.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. The company had revenue of $209.86 million during the quarter, compared to analyst estimates of $240.05 million. Research analysts anticipate that Delek Logistics Partners, LP will post 3.01 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a dividend of $1.11 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 11.37%. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.11. Delek Logistics Partners's payout ratio is presently 148.49%.

Analyst Upgrades and Downgrades

Separately, Raymond James upped their target price on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. One research 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. According to MarketBeat.com, Delek Logistics Partners has a consensus rating of "Hold" and a consensus price target of $44.25.

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.