Sharpepoint LLC Takes Position in Delek Logistics Partners, L.P. (NYSE:DKL)

Sharpepoint LLC acquired a new stake in shares of Delek Logistics Partners, L.P. (NYSE:DKL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,128 shares of the oil and gas producer's stock, valued at approximately $1,408,000. Sharpepoint LLC owned 0.07% of Delek Logistics Partners as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GeoWealth Management LLC bought a new stake in shares of Delek Logistics Partners in the 4th quarter worth about $206,000. MGO One Seven LLC acquired a new stake in Delek Logistics Partners during the 4th quarter valued at approximately $206,000. Stifel Financial Corp increased its holdings in shares of Delek Logistics Partners by 7.5% during the 4th quarter. Stifel Financial Corp now owns 5,076 shares of the oil and gas producer's stock valued at $215,000 after purchasing an additional 355 shares in the last quarter. Zuckerman Investment Group LLC purchased a new stake in Delek Logistics Partners in the 4th quarter worth $263,000. Finally, Wealthfront Advisers LLC purchased a new stake in Delek Logistics Partners in the 4th quarter worth $506,000. Institutional investors own 11.75% of the company's stock.

Analyst Ratings Changes

DKL has been the topic of several recent research reports. Mizuho raised 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 note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Delek Logistics Partners has an average rating of "Hold" and a consensus target price of $44.25.

Delek Logistics Partners Price Performance

NYSE:DKL traded down $0.16 during mid-day trading on Friday, reaching $44.11. 14,901 shares of the stock were exchanged, compared to its average volume of 163,274. The business has a fifty day moving average price of $42.03 and a 200 day moving average price of $41.59. The firm has a market capitalization of $2.36 billion, a PE ratio of 14.75, a PEG ratio of 1.00 and a beta of 0.76. 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.

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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. Delek Logistics Partners had a negative return on equity of 1,782.51% and a net margin of 15.88%. The business had revenue of $249.93 million during the quarter, compared to analyst estimates of $237.17 million. Research analysts expect 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. Shareholders of record on Thursday, May 8th were given a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 10.06%. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. The ex-dividend date was Thursday, May 8th. Delek Logistics Partners's dividend payout ratio is 148.49%.

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.