Delek Logistics Partners (NYSE:DKL) Share Price Crosses Below 200 Day Moving Average of $44.54

Delek Logistics Partners, LP (NYSE:DKL - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.54 and traded as low as $39.03. Delek Logistics Partners shares last traded at $39.12, with a volume of 140,558 shares changing hands.

Wall Street Analyst Weigh In

DKL has been the topic of several analyst reports. StockNews.com upgraded Delek Logistics Partners from a "hold" rating to a "buy" rating in a research report on Tuesday. Raymond James upgraded Delek Logistics Partners from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research report on Tuesday, March 19th.

Delek Logistics Partners Stock Down 1.2 %

The company's 50-day moving average is $42.95 and its two-hundred day moving average is $44.54. The company has a market capitalization of $1.68 billion, a P/E ratio of 13.31 and a beta of 2.07.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The oil and gas producer reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. The company had revenue of $254.15 million for the quarter, compared to analysts' expectations of $272.51 million. Delek Logistics Partners had a net margin of 12.37% and a negative return on equity of 102.99%. On average, sell-side analysts predict that Delek Logistics Partners, LP will post 3.48 EPS for the current year.

Delek Logistics Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were given a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, February 29th. Delek Logistics Partners's dividend payout ratio (DPR) is 145.52%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DKL. Citigroup Inc. bought a new position in Delek Logistics Partners during the first quarter valued at approximately $35,000. VitalStone Financial LLC boosted its stake in shares of Delek Logistics Partners by 6,040.0% during the second quarter. VitalStone Financial LLC now owns 921 shares of the oil and gas producer's stock valued at $50,000 after purchasing an additional 906 shares during the period. Spirit of America Management Corp NY purchased a new stake in shares of Delek Logistics Partners during the fourth quarter valued at approximately $86,000. Fifth Third Bancorp purchased a new stake in shares of Delek Logistics Partners during the third quarter valued at approximately $103,000. Finally, Barclays PLC boosted its stake in shares of Delek Logistics Partners by 668.7% during the fourth quarter. Barclays PLC now owns 2,629 shares of the oil and gas producer's stock valued at $119,000 after purchasing an additional 2,287 shares during the period. 11.75% of the stock is currently owned by institutional investors.

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.