Cetera Investment Advisers Boosts Position in Delek Logistics Partners, LP (NYSE:DKL)

Cetera Investment Advisers boosted its position in Delek Logistics Partners, LP (NYSE:DKL - Free Report) by 31.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,401 shares of the oil and gas producer's stock after acquiring an additional 6,125 shares during the quarter. Cetera Investment Advisers' holdings in Delek Logistics Partners were worth $1,073,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DKL. Venturi Wealth Management LLC purchased a new stake in Delek Logistics Partners during the fourth quarter worth approximately $64,000. Van ECK Associates Corp lifted its position in shares of Delek Logistics Partners by 74.6% during 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 during the last quarter. GeoWealth Management LLC acquired a new position in shares of Delek Logistics Partners in the 4th quarter valued at $206,000. MGO One Seven LLC purchased a new position in shares of Delek Logistics Partners in the 4th quarter valued at $206,000. Finally, Stifel Financial Corp grew its position in shares of 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 buying an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 11.75% of the company's stock.

Delek Logistics Partners Price Performance

Shares of NYSE:DKL traded down $0.48 on Thursday, reaching $41.29. The company's stock had a trading volume of 116,683 shares, compared to its average volume of 163,095. Delek Logistics Partners, LP has a 52-week low of $34.59 and a 52-week high of $45.71. The stock has a market capitalization of $2.21 billion, a P/E ratio of 14.64, a PEG ratio of 1.28 and a beta of 0.81. The stock's 50-day moving average is $39.75 and its two-hundred day moving average is $40.86.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.73 earnings per share for the quarter, meeting analysts' consensus estimates 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 net margin of 13.15% and a negative return on equity of 155.77%. Equities analysts forecast that Delek Logistics Partners, LP 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. Investors of record on Thursday, May 8th were issued a dividend of $1.11 per share. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. This represents a $4.44 annualized dividend and a yield of 10.75%. The ex-dividend date of this dividend was Thursday, May 8th. Delek Logistics Partners's dividend payout ratio is currently 148.49%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Delek Logistics Partners from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $44.25.

Delek Logistics Partners 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.