16,176 Shares in Delek Logistics Partners, LP (NYSE:DKL) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of Delek Logistics Partners, LP (NYSE:DKL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,176 shares of the oil and gas producer's stock, valued at approximately $684,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC grew its position in Delek Logistics Partners by 3,838.8% during the fourth 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 in the last quarter. Bank of Montreal Can bought a new stake in shares of Delek Logistics Partners during the fourth quarter worth about $17,819,000. ING Groep NV increased its holdings in shares of Delek Logistics Partners by 2,491.7% during the fourth quarter. ING Groep NV now owns 311,000 shares of the oil and gas producer's stock valued at $13,143,000 after acquiring an additional 299,000 shares in the last quarter. Cohen & Steers Inc. purchased a new position in shares of Delek Logistics Partners during the 4th quarter valued at $11,805,000. Finally, Raymond James Financial Inc. bought a new position in Delek Logistics Partners during the fourth quarter valued at approximately $6,050,000. Institutional investors and hedge funds own 11.75% of the company's stock.

Delek Logistics Partners Trading Down 0.2 %

DKL traded down $0.09 during trading on Thursday, hitting $37.81. The stock had a trading volume of 91,337 shares, compared to its average volume of 158,392. The firm has a market cap of $2.03 billion, a PE ratio of 13.41, a P/E/G ratio of 1.28 and a beta of 0.81. The company has a 50 day simple moving average of $40.13 and a 200-day simple moving average of $40.64. Delek Logistics Partners, LP has a 12 month low of $34.59 and a 12 month 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, hitting analysts' consensus estimates of $0.73. The business 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 anticipate that Delek Logistics Partners, LP will post 3.01 earnings per share for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be issued a $1.11 dividend. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.11. The ex-dividend date is Thursday, May 8th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 11.74%. Delek Logistics Partners's dividend payout ratio (DPR) is presently 148.49%.

Wall Street Analyst Weigh In

Separately, Raymond James upped their price target on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.