Key Points
- Insider selling: EVP Reuven Spiegel sold 250 shares on Feb. 4 at an average price of $52.38 (worth $13,095), and had also sold 250 shares on Jan. 5 and Dec. 4; after the Feb. sale he owns 22,740 shares, a reported 1.09% decrease in his stake.
- Dividend increase: Delek Logistics raised its quarterly dividend to $1.125 (annualized $4.50) for an 8.6% yield, with an ex-dividend date of Feb. 5 and payment on Feb. 12.
- Mixed market and analyst picture: DKL trades near $52.58 (52-week range $34.59–$53.52) with a $2.81B market cap, while analysts are split — average rating "Hold" with a $45 consensus price target and recent divergent reports from Zacks (downgrade) and Weiss (upgrade).
Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) EVP Reuven Spiegel sold 250 shares of Delek Logistics Partners stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $52.38, for a total value of $13,095.00. Following the transaction, the executive vice president owned 22,740 shares of the company's stock, valued at $1,191,121.20. This represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Reuven Spiegel also recently made the following trade(s):
- On Monday, January 5th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The shares were sold at an average price of $46.99, for a total transaction of $11,747.50.
- On Thursday, December 4th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The shares were sold at an average price of $45.86, for a total transaction of $11,465.00.
Delek Logistics Partners Price Performance
Delek Logistics Partners stock opened at $52.58 on Friday. The stock's 50 day moving average is $47.07 and its 200-day moving average is $45.40. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 0.46 and a beta of 0.51. Delek Logistics Partners, L.P. has a 12 month low of $34.59 and a 12 month high of $53.52. 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 posted its quarterly earnings data on Friday, November 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.26). Delek Logistics Partners had a return on equity of 360.64% and a net margin of 17.00%.The firm had revenue of $261.28 million for the quarter, compared to the consensus estimate of $251.65 million. Equities research analysts expect that Delek Logistics Partners, L.P. will post 3.01 EPS for the current year.
Delek Logistics Partners Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be paid a $1.125 dividend. This represents a $4.50 annualized dividend and a dividend yield of 8.6%. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.12. The ex-dividend date is Thursday, February 5th. Delek Logistics Partners's dividend payout ratio is presently 145.63%.
Analyst Ratings Changes
Several analysts have recently issued reports on DKL shares. Zacks Research lowered Delek Logistics Partners from a "hold" rating to a "strong sell" rating in a report on Friday, January 23rd. Weiss Ratings raised shares of Delek Logistics Partners from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.00.
Read Our Latest Report on DKL
Institutional Trading of Delek Logistics Partners
Institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new stake in shares of Delek Logistics Partners during the 4th quarter valued at $1,054,000. Independent Advisor Alliance increased its holdings in Delek Logistics Partners by 119.3% in the 4th quarter. Independent Advisor Alliance now owns 12,453 shares of the oil and gas producer's stock worth $556,000 after purchasing an additional 6,774 shares in the last quarter. UBS Group AG raised its position in Delek Logistics Partners by 7.5% in the fourth quarter. UBS Group AG now owns 123,564 shares of the oil and gas producer's stock valued at $5,513,000 after purchasing an additional 8,649 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Delek Logistics Partners by 50.9% during the fourth quarter. PFG Investments LLC now owns 33,650 shares of the oil and gas producer's stock valued at $1,501,000 after purchasing an additional 11,350 shares in the last quarter. Finally, Castellan Group boosted its stake in shares of Delek Logistics Partners by 4.9% during the fourth quarter. Castellan Group now owns 84,732 shares of the oil and gas producer's stock valued at $3,781,000 after purchasing an additional 3,989 shares in the last quarter. 11.75% of the stock is currently owned by institutional investors.
About Delek Logistics Partners
(
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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