Sharpepoint LLC Buys Shares of 35,128 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 disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Delek Logistics Partners in the fourth quarter worth about $17,819,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Delek Logistics Partners by 42.2% in the fourth 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 acquiring an additional 288,033 shares in the last quarter. Cohen & Steers Inc. acquired a new stake in Delek Logistics Partners in the fourth quarter worth about $11,805,000. Westwood Holdings Group Inc. boosted its holdings in Delek Logistics Partners by 187.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 273,220 shares of the oil and gas producer's stock worth $11,546,000 after acquiring an additional 178,324 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Delek Logistics Partners in the fourth quarter worth about $6,050,000. Institutional investors own 11.75% of the company's stock.

Delek Logistics Partners Stock Performance

Shares of Delek Logistics Partners stock traded up $0.13 on Friday, reaching $44.40. 42,675 shares of the stock were exchanged, compared to its average volume of 164,361. 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 twelve month low of $34.59 and a twelve month high of $45.71. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.01 and a beta of 0.76. The business has a 50 day moving average price of $42.13 and a two-hundred day moving average price of $41.62.

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

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were given a $1.11 dividend. The ex-dividend date was Thursday, May 8th. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. This represents a $4.44 dividend on an annualized basis and a dividend yield of 10.00%. Delek Logistics Partners's payout ratio is 148.49%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Delek Logistics Partners from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Mizuho raised Delek Logistics Partners to a "hold" rating in a report on Thursday, June 26th. Two equities 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, the company presently has an average 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.