Alps Advisors Inc. Raises Stock Holdings in Delek Logistics Partners, L.P. (NYSE:DKL)

Alps Advisors Inc. raised its holdings in Delek Logistics Partners, L.P. (NYSE:DKL - Free Report) by 31.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,316,269 shares of the oil and gas producer's stock after acquiring an additional 1,028,497 shares during the quarter. Delek Logistics Partners makes up 1.1% of Alps Advisors Inc.'s holdings, making the stock its 14th largest holding. Alps Advisors Inc. owned about 8.04% of Delek Logistics Partners worth $186,722,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DKL. GeoWealth Management LLC bought a new position in Delek Logistics Partners in the 4th quarter valued at $206,000. MGO One Seven LLC bought a new position in Delek Logistics Partners in the 4th quarter valued at $206,000. Stifel Financial Corp grew its position in Delek Logistics Partners by 7.5% in the 4th quarter. Stifel Financial Corp now owns 5,076 shares of the oil and gas producer's stock valued at $215,000 after acquiring an additional 355 shares during the last quarter. Zuckerman Investment Group LLC bought a new position in Delek Logistics Partners in the 4th quarter valued at $263,000. Finally, Focus Financial Network Inc. grew its position in Delek Logistics Partners by 11.0% in the 1st quarter. Focus Financial Network Inc. now owns 11,276 shares of the oil and gas producer's stock valued at $488,000 after acquiring an additional 1,116 shares during the last quarter. Institutional investors own 11.75% of the company's stock.

Delek Logistics Partners Stock Up 0.3%

Shares of Delek Logistics Partners stock traded up $0.13 during trading on Friday, hitting $44.40. 42,675 shares of the stock traded hands, compared to its average volume of 163,873. The firm has a market cap of $2.37 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76. The company has a current ratio of 1.61, a quick ratio of 1.52 and a debt-to-equity ratio of 22.02. Delek Logistics Partners, L.P. has a 52-week low of $34.59 and a 52-week high of $45.71. The stock's fifty day simple moving average is $42.13 and its 200 day simple moving average is $41.61.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. The firm 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%. On average, equities analysts predict that Delek Logistics Partners, L.P. will post 3.01 earnings per share for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a dividend of $1.11 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $4.44 annualized dividend and a dividend yield of 10.00%. This is a positive change from Delek Logistics Partners's previous quarterly dividend of $1.11. Delek Logistics Partners's dividend payout ratio (DPR) is currently 148.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wall Street Zen downgraded Delek Logistics Partners from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Mizuho raised Delek Logistics Partners to a "hold" rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.