8,118 Shares in Delek Logistics Partners, L.P. (NYSE:DKL) Acquired by Kestra Private Wealth Services LLC

Key Points

• Kestra Private Wealth Services LLC acquired 8,118 shares of Delek Logistics Partners, valued at approximately $351,000, signaling increased institutional interest in the company.
• Several other large investors, including Alps Advisors Inc. and Bank of Montreal, have also significantly adjusted their holdings in Delek Logistics Partners over the past quarters.
• Delek Logistics Partners reported $0.73 EPS for the last quarter, meeting analysts' expectations, with a revenue of $249.93 million exceeding forecasts.

Kestra Private Wealth Services LLC acquired a new stake in Delek Logistics Partners, L.P. (NYSE:DKL - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,118 shares of the oil and gas producer's stock, valued at approximately $351,000.

Several other large investors also recently modified their holdings of DKL. Alps Advisors Inc. boosted 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 valued at $186,722,000 after buying an additional 1,028,497 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Delek Logistics Partners in the 4th quarter valued at $17,819,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Delek Logistics Partners by 42.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 969,982 shares of the oil and gas producer's stock valued at $40,991,000 after purchasing an additional 288,033 shares during the period. Cohen & Steers Inc. acquired a new stake in Delek Logistics Partners during the 4th quarter worth $11,805,000. Finally, Westwood Holdings Group Inc. raised its stake in Delek Logistics Partners by 187.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 273,220 shares of the oil and gas producer's stock worth $11,546,000 after buying an additional 178,324 shares during the period. 11.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on DKL. Mizuho upgraded Delek Logistics Partners to a "hold" rating in a report on Thursday, June 26th. Wall Street Zen cut Delek Logistics Partners from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Delek Logistics Partners presently has a consensus rating of "Hold" and a consensus target price of $44.25.

Delek Logistics Partners Trading Up 1.2%

DKL traded up $0.57 during trading on Thursday, reaching $46.34. 24,820 shares of the stock traded hands, compared to its average volume of 159,484. The stock has a market capitalization of $2.48 billion, a PE ratio of 15.50, a P/E/G ratio of 1.02 and a beta of 0.76. The stock's 50-day moving average is $43.30 and its 200 day moving average is $41.84. The company has a quick ratio of 1.52, a current ratio of 1.61 and a debt-to-equity ratio of 22.02. Delek Logistics Partners, L.P. has a 12 month low of $34.59 and a 12 month high of $47.24.

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

Delek Logistics Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 8th will be paid a $1.115 dividend. This is a positive change from Delek Logistics Partners's previous quarterly dividend of $1.11. The ex-dividend date is Friday, August 8th. This represents a $4.46 annualized dividend and a yield of 9.62%. Delek Logistics Partners's dividend payout ratio (DPR) is 148.49%.

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.