Mirae Asset Global Investments Co. Ltd. lifted its position in Delek Logistics Partners, LP (NYSE:DKL - Free Report) by 245.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 484,826 shares of the oil and gas producer's stock after buying an additional 344,464 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 1.11% of Delek Logistics Partners worth $20,930,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of DKL. Alps Advisors Inc. lifted its holdings in shares of Delek Logistics Partners by 13.1% in the 3rd quarter. Alps Advisors Inc. now owns 1,532,196 shares of the oil and gas producer's stock worth $64,306,000 after acquiring an additional 177,242 shares during the last quarter. Infrastructure Capital Advisors LLC lifted its holdings in shares of Delek Logistics Partners by 343.5% in the 3rd quarter. Infrastructure Capital Advisors LLC now owns 223,208 shares of the oil and gas producer's stock worth $9,368,000 after acquiring an additional 172,874 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Delek Logistics Partners by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 195,800 shares of the oil and gas producer's stock worth $8,613,000 after acquiring an additional 26,425 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Delek Logistics Partners by 27.6% in the 1st quarter. First Trust Advisors LP now owns 89,835 shares of the oil and gas producer's stock worth $3,952,000 after acquiring an additional 19,430 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Delek Logistics Partners during the 2nd quarter valued at $652,000. 11.75% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DKL has been the topic of a number of analyst reports. Raymond James upgraded shares of 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 note on Tuesday, March 19th. StockNews.com upgraded shares of Delek Logistics Partners from a "hold" rating to a "buy" rating in a research note on Tuesday.
View Our Latest Research Report on DKL
Delek Logistics Partners Stock Performance
Shares of NYSE DKL traded down $0.05 during midday trading on Wednesday, hitting $38.54. 73,672 shares of the company's stock traded hands, compared to its average volume of 71,194. Delek Logistics Partners, LP has a 1 year low of $36.50 and a 1 year high of $58.81. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.29 and a beta of 2.07. The firm has a fifty day moving average of $42.78 and a 200 day moving average of $44.51.
Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.85. Delek Logistics Partners had a net margin of 12.37% and a negative return on equity of 102.99%. The business had revenue of $254.15 million during the quarter, compared to analyst estimates of $272.51 million. On average, equities analysts anticipate that Delek Logistics Partners, LP will post 3.48 earnings per share for the current year.
Delek Logistics Partners Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were given a $0.245 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.98 dividend on an annualized basis and a yield of 2.54%. Delek Logistics Partners's dividend payout ratio is presently 145.52%.
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.
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