Delek Logistics Partners (NYSE:DKL) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.70 and traded as high as $44.43. Delek Logistics Partners shares last traded at $44.29, with a volume of 71,631 shares.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DKL shares. Wall Street Zen lowered shares of Delek Logistics Partners from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Mizuho upgraded shares of Delek Logistics Partners to a "hold" rating in a research report on Thursday, June 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Delek Logistics Partners currently has a consensus rating of "Hold" and a consensus target price of $44.25.

Delek Logistics Partners Stock Down 0.6%

The company has a market cap of $2.36 billion, a PE ratio of 14.78, a PEG ratio of 1.01 and a beta of 0.76. The company has a debt-to-equity ratio of 22.02, a quick ratio of 1.52 and a current ratio of 1.61. The firm has a fifty day simple moving average of $42.70 and a 200 day simple moving average of $41.70.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.73. The company had revenue of $249.93 million for the quarter, compared to analyst estimates of $237.17 million. Delek Logistics Partners had a negative return on equity of 1,782.51% and a net margin of 15.88%. Equities research analysts predict that Delek Logistics Partners, L.P. will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a $1.11 dividend. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $4.44 annualized dividend and a dividend yield of 10.05%. Delek Logistics Partners's dividend payout ratio is presently 148.49%.

Institutional Investors Weigh In On Delek Logistics Partners

Several hedge funds have recently bought and sold shares of DKL. Alps Advisors Inc. increased its position in Delek Logistics Partners by 31.3% in the 1st quarter. Alps Advisors Inc. now owns 4,316,269 shares of the oil and gas producer's stock worth $186,722,000 after buying an additional 1,028,497 shares during the period. Sharpepoint LLC acquired a new stake in shares of Delek Logistics Partners during the 1st quarter worth approximately $1,408,000. Cetera Investment Advisers grew its holdings in shares of Delek Logistics Partners by 31.8% during the 4th quarter. Cetera Investment Advisers now owns 25,401 shares of the oil and gas producer's stock worth $1,073,000 after purchasing an additional 6,125 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Delek Logistics Partners during the 4th quarter worth approximately $6,050,000. Finally, Adams Asset Advisors LLC grew its holdings in shares of Delek Logistics Partners by 11.8% during the 1st quarter. Adams Asset Advisors LLC now owns 67,293 shares of the oil and gas producer's stock worth $2,911,000 after purchasing an additional 7,106 shares in the last quarter. 11.75% of the stock is owned by hedge funds and other institutional investors.

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.