Delek Logistics Partners, LP (NYSE:DKL) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Delek Logistics Partners, LP (NYSE:DKL - Free Report) by 42.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 969,982 shares of the oil and gas producer's stock after buying an additional 288,033 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.88% of Delek Logistics Partners worth $40,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in Delek Logistics Partners by 31.8% during the fourth quarter. Cetera Investment Advisers now owns 25,401 shares of the oil and gas producer's stock valued at $1,073,000 after acquiring an additional 6,125 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Delek Logistics Partners during the 4th quarter valued at $684,000. MGO One Seven LLC bought a new position in Delek Logistics Partners in the 4th quarter worth $206,000. Stifel Financial Corp raised its holdings in Delek Logistics Partners by 7.5% in the 4th quarter. Stifel Financial Corp now owns 5,076 shares of the oil and gas producer's stock worth $215,000 after purchasing an additional 355 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Delek Logistics Partners by 5.0% in the 4th quarter. First Trust Advisors LP now owns 141,663 shares of the oil and gas producer's stock worth $5,987,000 after buying an additional 6,684 shares during the period. 11.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DKL. Raymond James raised their price target on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. StockNews.com downgraded shares of Delek Logistics Partners from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $44.25.

Delek Logistics Partners Stock Performance

Shares of Delek Logistics Partners stock traded down $0.27 on Monday, reaching $41.13. 34,165 shares of the company were exchanged, compared to its average volume of 162,153. The company's 50-day moving average is $39.92 and its two-hundred day moving average is $40.72. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.28 and a beta of 0.81. Delek Logistics Partners, LP has a 1-year low of $34.59 and a 1-year high of $45.71.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued 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. The company had revenue of $249.93 million for the quarter, compared to the consensus estimate of $237.17 million. Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. As a group, sell-side analysts forecast that Delek Logistics Partners, LP will post 3.01 earnings per share for the current 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 issued a $1.11 dividend. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. This represents a $4.44 annualized dividend and a yield of 10.80%. The ex-dividend date of this dividend was Thursday, May 8th. Delek Logistics Partners's dividend payout ratio is currently 148.49%.

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.