Westwood Holdings Group Inc. Purchases 178,324 Shares of Delek Logistics Partners, LP (NYSE:DKL)

Westwood Holdings Group Inc. boosted its position in shares of Delek Logistics Partners, LP (NYSE:DKL - Free Report) by 187.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 273,220 shares of the oil and gas producer's stock after buying an additional 178,324 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.53% of Delek Logistics Partners worth $11,546,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Delek Logistics Partners by 42.2% during 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. Strategic Financial Concepts LLC lifted its stake in shares of Delek Logistics Partners by 3,838.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 476,439 shares of the oil and gas producer's stock valued at $20,134,000 after purchasing an additional 464,343 shares during the period. Bank of Montreal Can acquired a new position in shares of Delek Logistics Partners in the 4th quarter valued at $17,819,000. ING Groep NV lifted its stake in shares of Delek Logistics Partners by 2,491.7% in the 4th quarter. ING Groep NV now owns 311,000 shares of the oil and gas producer's stock valued at $13,143,000 after purchasing an additional 299,000 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of Delek Logistics Partners by 50.8% in the 4th quarter. Clearbridge Investments LLC now owns 296,718 shares of the oil and gas producer's stock valued at $12,539,000 after purchasing an additional 100,000 shares during the period. Institutional investors and hedge funds own 11.75% of the company's stock.

Delek Logistics Partners Stock Up 2.3%

Shares of DKL traded up $0.95 during trading hours on Friday, reaching $42.04. The stock had a trading volume of 151,831 shares, compared to its average volume of 162,754. Delek Logistics Partners, LP has a 52 week low of $34.59 and a 52 week high of $45.71. The firm has a 50-day moving average of $39.88 and a 200 day moving average of $40.78. The company has a market cap of $2.25 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.28 and a beta of 0.81.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.73. Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. The business had revenue of $249.93 million during the quarter, compared to analysts' expectations of $237.17 million. As a group, equities analysts expect that Delek Logistics Partners, LP 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 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 10.56%. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. Delek Logistics Partners's dividend payout ratio is currently 148.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Delek Logistics Partners from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Raymond James increased their price target on Delek Logistics Partners from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.