XTX Topco Ltd Makes New Investment in Delek Logistics Partners, L.P. (NYSE:DKL)

Key Points

• XTX Topco Ltd acquired 10,763 shares of Delek Logistics Partners, valued at approximately $466,000.
• Recent analysts' ratings for DKL include a shift from a "hold" to a "sell" rating by Wall Street Zen, while the average target price stands at $44.25.
• Delek Logistics Partners declared a quarterly dividend increase to $1.115 per share, reflecting a yield of 9.9% and a payout ratio of 148.49%.

XTX Topco Ltd acquired a new position in shares of Delek Logistics Partners, L.P. (NYSE:DKL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,763 shares of the oil and gas producer's stock, valued at approximately $466,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LPL Financial LLC boosted its holdings in shares of Delek Logistics Partners by 2.9% in the first quarter. LPL Financial LLC now owns 45,721 shares of the oil and gas producer's stock valued at $1,978,000 after acquiring an additional 1,274 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Delek Logistics Partners in the first quarter valued at about $250,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Delek Logistics Partners in the first quarter valued at about $351,000. Alps Advisors Inc. boosted its holdings in shares of Delek Logistics Partners by 31.3% in the first quarter. Alps Advisors Inc. now owns 4,316,269 shares of the oil and gas producer's stock valued at $186,722,000 after acquiring an additional 1,028,497 shares in the last quarter. Finally, Sharpepoint LLC purchased a new stake in shares of Delek Logistics Partners in the first quarter valued at about $1,408,000. 11.75% of the stock is owned by hedge funds and other institutional investors.

Delek Logistics Partners Price Performance

Shares of NYSE DKL traded up $0.27 during midday trading on Tuesday, hitting $42.35. The company had a trading volume of 31,425 shares, compared to its average volume of 158,757. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 69.13. Delek Logistics Partners, L.P. has a twelve month low of $34.59 and a twelve month high of $48.00. The business has a 50-day simple moving average of $43.71 and a two-hundred day simple moving average of $41.80. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.98 and a beta of 0.69.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. The company had revenue of $246.35 million during the quarter, compared to analysts' expectations of $289.07 million. Delek Logistics Partners had a net margin of 16.58% and a return on equity of 1,224.47%. Equities research analysts anticipate that Delek Logistics Partners, L.P. will post 3.01 earnings per share for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 8th will be given a dividend of $1.115 per share. The ex-dividend date is Friday, August 8th. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.11. This represents a $4.46 dividend on an annualized basis and a yield of 10.5%. Delek Logistics Partners's dividend payout ratio (DPR) is presently 151.19%.

Analyst Upgrades and Downgrades

DKL has been the topic of several analyst reports. Wall Street Zen downgraded shares of Delek Logistics Partners from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Mizuho upgraded shares of Delek Logistics Partners to a "hold" rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $44.25.

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.