Key Points
- Insider sale: EVP Reuven Spiegel sold 250 shares on Jan. 5 at an average of $46.99 (~$11,748), his third 250‑share sale in recent months, reducing his stake by 1.08% to 22,990 shares.
- Dividend boost: Delek Logistics declared a quarterly dividend of $1.12 (annualized $4.48) for a yield of 9.6%, with a high dividend payout ratio of 144.98%.
- Earnings and analyst view: The partnership reported quarterly EPS of $0.85 (missing the $1.11 estimate) while revenue beat at $261.3M, and the stock carries a consensus "Hold" rating with an average price target of $45.50.
Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) EVP Reuven Spiegel sold 250 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $46.99, for a total value of $11,747.50. Following the sale, the executive vice president directly owned 22,990 shares of the company's stock, valued at approximately $1,080,300.10. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Reuven Spiegel also recently made the following trade(s):
- On Thursday, December 4th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The stock was sold at an average price of $45.86, for a total transaction of $11,465.00.
- 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 transaction of $11,250.00.
Delek Logistics Partners Trading Up 2.3%
NYSE:DKL opened at $46.75 on Thursday. The firm has a market capitalization of $2.50 billion, a P/E ratio of 15.13, a P/E/G ratio of 0.41 and a beta of 0.47. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 130.97. The company has a fifty day moving average of $45.27 and a 200 day moving average of $44.57. Delek Logistics Partners, L.P. has a 52 week low of $34.59 and a 52 week high of $48.28.
Delek Logistics Partners (NYSE:DKL - Get Free Report) last released its quarterly earnings data on Friday, November 7th. The oil and gas producer reported $0.85 earnings per share (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 analysts' expectations of $251.65 million. Delek Logistics Partners had a net margin of 17.00% and a return on equity of 360.64%. On average, research analysts predict that Delek Logistics Partners, L.P. will post 3.01 earnings per share for the current 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 dividend of $1.12 per share. The ex-dividend date was Friday, November 7th. This represents a $4.48 dividend on an annualized basis and a yield of 9.6%. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.12. Delek Logistics Partners's dividend payout ratio (DPR) is presently 144.98%.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Delek Logistics Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $45.50.
Check Out Our Latest Stock Report on Delek Logistics Partners
Institutional Trading of Delek Logistics Partners
Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in Delek Logistics Partners during the 2nd quarter valued at approximately $50,000. Jones Financial Companies Lllp raised its position in shares of Delek Logistics Partners by 303.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer's stock worth $52,000 after acquiring an additional 910 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Delek Logistics Partners by 92.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,285 shares of the oil and gas producer's stock valued at $104,000 after purchasing an additional 1,100 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Delek Logistics Partners by 245.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer's stock valued at $115,000 after purchasing an additional 1,910 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Delek Logistics Partners by 1,186.5% during the second quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer's stock valued at $180,000 after purchasing an additional 3,868 shares in the last quarter. 11.75% of the stock is currently owned by hedge funds and other institutional investors.
Delek Logistics Partners Company Profile
(
Get Free Report)
Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.
The partnership's core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.
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