Short Interest in Delek Logistics Partners, LP (NYSE:DKL) Increases By 19.5%

Delek Logistics Partners, LP (NYSE:DKL - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,090,000 shares, a growth of 19.5% from the March 15th total of 912,500 shares. Approximately 6.0% of the shares of the stock are sold short. Based on an average daily volume of 185,500 shares, the days-to-cover ratio is presently 5.9 days.

Institutional Investors Weigh In On Delek Logistics Partners

Several institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC acquired a new stake in shares of Delek Logistics Partners in the 4th quarter worth $64,000. Van ECK Associates Corp raised its position 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 valued at $205,000 after purchasing an additional 2,074 shares during the last quarter. Stifel Financial Corp acquired a new position in Delek Logistics Partners during the 3rd quarter valued at approximately $206,000. GeoWealth Management LLC purchased a new position in shares of Delek Logistics Partners in the fourth quarter worth $206,000. Finally, MGO One Seven LLC acquired a new stake in shares of Delek Logistics Partners during the fourth quarter worth $206,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.

Delek Logistics Partners Trading Up 1.0 %

Shares of DKL stock traded up $0.37 during trading hours on Friday, reaching $38.60. 172,719 shares of the stock were exchanged, compared to its average volume of 156,513. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.62. Delek Logistics Partners has a 12-month low of $34.59 and a 12-month high of $45.71. The company's 50-day moving average price is $40.41 and its 200-day moving average price is $40.64.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The company had revenue of $209.86 million for the quarter, compared to analysts' expectations 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 expect that Delek Logistics Partners will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were given a $1.105 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $4.42 dividend on an annualized basis and a dividend yield of 11.45%. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.10. Delek Logistics Partners's payout ratio is presently 147.83%.

Analyst Ratings Changes

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

Delek Logistics Partners Company Profile

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.