Sharpepoint LLC purchased a new position in Delek Logistics Partners, L.P. (NYSE:DKL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,128 shares of the oil and gas producer's stock, valued at approximately $1,408,000. Sharpepoint LLC owned approximately 0.07% of Delek Logistics Partners as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in Delek Logistics Partners in the 4th quarter valued at approximately $17,819,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 worth $40,991,000 after buying an additional 288,033 shares in the last quarter. Cohen & Steers Inc. acquired a new stake in shares of Delek Logistics Partners in the 4th quarter valued at about $11,805,000. Westwood Holdings Group Inc. raised its stake in shares of Delek Logistics Partners by 187.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 273,220 shares of the oil and gas producer's stock valued at $11,546,000 after purchasing an additional 178,324 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Delek Logistics Partners in the fourth quarter valued at approximately $6,050,000. Institutional investors and hedge funds own 11.75% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on DKL. Mizuho upgraded shares of Delek Logistics Partners to a "hold" rating in a research report on Thursday, June 26th. Wall Street Zen lowered shares of Delek Logistics Partners from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Delek Logistics Partners has an average rating of "Hold" and an average price target of $44.25.
View Our Latest Stock Analysis on DKL
Delek Logistics Partners Trading Down 0.9%
DKL opened at $44.23 on Thursday. The company's 50 day moving average is $41.92 and its 200-day moving average is $41.56. Delek Logistics Partners, L.P. has a 1-year low of $34.59 and a 1-year high of $45.71. The company has a current ratio of 1.61, a quick ratio of 1.52 and a debt-to-equity ratio of 22.02. The company has a market cap of $2.36 billion, a P/E ratio of 14.79, a PEG ratio of 1.01 and a beta of 0.76.
Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $249.93 million for the quarter, compared to the consensus estimate 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 research 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 business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were given a dividend of $1.11 per share. The ex-dividend date was Thursday, May 8th. This represents a $4.44 annualized dividend and a yield of 10.04%. This is a positive change from Delek Logistics Partners's previous quarterly dividend of $1.11. Delek Logistics Partners's dividend payout ratio is presently 148.49%.
About Delek Logistics Partners
(
Free Report)
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.
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