Westwood Holdings Group Inc. lifted its stake in shares of Delek Logistics Partners, LP (NYSE:DKL - Free Report) by 187.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,220 shares of the oil and gas producer's stock after purchasing an additional 178,324 shares during the period. Westwood Holdings Group Inc. owned 0.53% of Delek Logistics Partners worth $11,546,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new stake in shares of Delek Logistics Partners during the 4th quarter worth approximately $64,000. Van ECK Associates Corp raised its stake 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 purchasing an additional 2,074 shares in the last quarter. GeoWealth Management LLC bought a new stake in Delek Logistics Partners in the 4th quarter valued at $206,000. MGO One Seven LLC acquired a new stake in Delek Logistics Partners during the 4th quarter valued at $206,000. Finally, Stifel Financial Corp lifted its holdings in 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 during the last quarter. Institutional investors own 11.75% of the company's stock.
Delek Logistics Partners Stock Performance
DKL opened at $41.36 on Tuesday. Delek Logistics Partners, LP has a fifty-two week low of $34.59 and a fifty-two week high of $45.71. The company has a market capitalization of $2.21 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.28 and a beta of 0.81. The stock has a fifty day moving average of $39.93 and a 200-day moving average of $40.73.
Delek Logistics Partners (NYSE:DKL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.73 earnings per share for the quarter, hitting analysts' consensus estimates of $0.73. Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. The company had revenue of $249.93 million during the quarter, compared to the consensus estimate of $237.17 million. On average, equities research analysts predict that Delek Logistics Partners, LP 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 $1.11 dividend. The ex-dividend date was Thursday, May 8th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 10.74%. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. Delek Logistics Partners's dividend payout ratio (DPR) is presently 148.49%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. StockNews.com downgraded Delek Logistics Partners from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Raymond James lifted their target price on Delek Logistics Partners from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Delek Logistics Partners has a consensus rating of "Hold" and a consensus target price of $44.25.
View Our Latest Research Report on DKL
Delek Logistics Partners Company Profile
(
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.
Further Reading
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