Barclays PLC Makes New $2.25 Million Investment in Delek Logistics Partners, LP (NYSE:DKL)

Barclays PLC acquired a new position in shares of Delek Logistics Partners, LP (NYSE:DKL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DKL. JPMorgan Chase & Co. grew its stake in shares of Delek Logistics Partners by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 244,243 shares of the oil and gas producer's stock worth $10,678,000 after acquiring an additional 31,654 shares in the last quarter. Summit Trail Advisors LLC acquired a new position in Delek Logistics Partners during the fourth quarter worth $482,000. Raymond James Financial Inc. bought a new position in Delek Logistics Partners in the fourth quarter valued at $6,050,000. Strategic Financial Concepts LLC increased its stake in Delek Logistics Partners by 3,838.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 476,439 shares of the oil and gas producer's stock valued at $20,134,000 after buying an additional 464,343 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Delek Logistics Partners during the 4th quarter worth about $621,000. Institutional investors and hedge funds own 11.75% of the company's stock.

Analysts Set New Price Targets

Separately, Raymond James raised their price objective on Delek Logistics Partners from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $44.25.

Delek Logistics Partners Price Performance

DKL stock traded up $0.83 during trading hours on Friday, reaching $39.81. The stock had a trading volume of 95,933 shares, compared to its average volume of 157,774. The stock has a 50-day simple moving average of $40.32 and a 200 day simple moving average of $40.64. Delek Logistics Partners, LP has a fifty-two week low of $34.59 and a fifty-two week high of $45.71. The stock has a market capitalization of $2.14 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81.

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

Delek Logistics Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be issued a $1.11 dividend. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.11. This represents a $4.44 annualized dividend and a dividend yield of 11.15%. The ex-dividend date is Thursday, May 8th. Delek Logistics Partners's payout ratio is currently 148.49%.

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.