Key Points
- EVP Reuven Spiegel sold 250 shares on Dec. 4 at an average price of $45.86 for $11,465, leaving him with 24,212 shares (a 1.02% reduction); he also executed three prior 250-share sales in Sep, Oct and Nov at about $45 each.
- Dividend raised to $1.12 quarterly (paid Nov. 13), which annualizes to $4.48 and implies a ~9.8% yield, though the dividend payout ratio is high at 144.98%.
- Delek Logistics reported Q3 EPS of $0.85, missing the $1.11 consensus while revenue of $261.28M beat estimates; the stock trades near $45 with a P/E of 14.82 and a 12‑month range of $34.59–$48.00.
Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) EVP Reuven Spiegel sold 250 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $45.86, for a total value of $11,465.00. Following the completion of the sale, the executive vice president owned 24,212 shares of the company's stock, valued at approximately $1,110,362.32. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Reuven Spiegel also recently made the following trade(s):
- On Wednesday, November 5th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The stock was sold at an average price of $45.00, for a total value of $11,250.00.
- On Monday, October 6th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The shares were sold at an average price of $45.00, for a total transaction of $11,250.00.
- On Friday, September 12th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The stock was sold at an average price of $45.00, for a total transaction of $11,250.00.
Delek Logistics Partners Price Performance
Shares of DKL stock opened at $45.80 on Tuesday. The firm has a fifty day simple moving average of $44.95 and a 200-day simple moving average of $44.17. The company has a market capitalization of $2.45 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.56 and a beta of 0.47. Delek Logistics Partners, L.P. has a twelve month low of $34.59 and a twelve month high of $48.00. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 130.97.
Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its quarterly earnings data on Friday, November 7th. The oil and gas producer reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.11 by ($0.26). The firm had revenue of $261.28 million during the quarter, compared to analyst estimates of $251.65 million. Delek Logistics Partners had a return on equity of 360.64% and a net margin of 17.00%. Equities research analysts anticipate that Delek Logistics Partners, L.P. will post 3.01 earnings per share for the current fiscal year.
Delek Logistics Partners Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Friday, November 7th were issued a $1.12 dividend. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.12. This represents a $4.48 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend was Friday, November 7th. Delek Logistics Partners's dividend payout ratio (DPR) is currently 144.98%.
Institutional Trading of Delek Logistics Partners
Hedge funds have recently added to or reduced their stakes in the business. Sharpepoint LLC lifted its stake in shares of Delek Logistics Partners by 1.4% in the 3rd quarter. Sharpepoint LLC now owns 37,868 shares of the oil and gas producer's stock worth $1,725,000 after acquiring an additional 506 shares during the period. Exchange Traded Concepts LLC raised its holdings in Delek Logistics Partners by 3.2% during the third quarter. Exchange Traded Concepts LLC now owns 18,819 shares of the oil and gas producer's stock worth $857,000 after purchasing an additional 588 shares in the last quarter. Focus Financial Network Inc. lifted its position in Delek Logistics Partners by 4.7% in the third quarter. Focus Financial Network Inc. now owns 13,757 shares of the oil and gas producer's stock worth $626,000 after purchasing an additional 616 shares during the period. Jones Financial Companies Lllp lifted its position in Delek Logistics Partners by 303.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer's stock worth $52,000 after purchasing an additional 910 shares during the period. Finally, Plan Group Financial LLC boosted its stake in Delek Logistics Partners by 6.6% during the 3rd quarter. Plan Group Financial LLC now owns 16,250 shares of the oil and gas producer's stock valued at $740,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 11.75% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on DKL shares. Weiss Ratings restated a "hold (c+)" rating on shares of Delek Logistics Partners in a research note on Wednesday, October 8th. Mizuho lifted their price target on shares of Delek Logistics Partners from $44.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Delek Logistics Partners currently has a consensus rating of "Hold" and a consensus price target of $45.50.
Read Our Latest Analysis on Delek Logistics Partners
Delek Logistics Partners Company Profile
(
Get 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.
Further Reading
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