279,335 Shares in Delek Logistics Partners, LP (NYSE:DKL) Purchased by Cohen & Steers Inc.

Cohen & Steers Inc. acquired a new stake in shares of Delek Logistics Partners, LP (NYSE:DKL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 279,335 shares of the oil and gas producer's stock, valued at approximately $11,805,000. Cohen & Steers Inc. owned 0.54% of Delek Logistics Partners at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DKL. Focus Financial Network Inc. raised its position in shares of Delek Logistics Partners by 5.6% during the fourth quarter. Focus Financial Network Inc. now owns 10,160 shares of the oil and gas producer's stock worth $429,000 after purchasing an additional 542 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of Delek Logistics Partners by 19.1% during the fourth quarter. Apollon Wealth Management LLC now owns 7,639 shares of the oil and gas producer's stock valued at $323,000 after acquiring an additional 1,223 shares during the period. Wells Fargo & Company MN lifted its position in shares of Delek Logistics Partners by 4.2% in the 4th quarter. Wells Fargo & Company MN now owns 30,338 shares of the oil and gas producer's stock valued at $1,282,000 after acquiring an additional 1,223 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Delek Logistics Partners in the 4th quarter worth approximately $64,000. Finally, American Financial Group Inc. grew its position in Delek Logistics Partners by 20.0% during the 4th quarter. American Financial Group Inc. now owns 12,000 shares of the oil and gas producer's stock worth $507,000 after purchasing an additional 2,000 shares in the last quarter. 11.75% of the stock is currently owned by institutional investors and hedge funds.

Delek Logistics Partners Stock Up 1.4 %

Shares of NYSE:DKL traded up $0.51 during trading on Friday, reaching $37.03. 142,069 shares of the company traded hands, compared to its average volume of 154,531. Delek Logistics Partners, LP has a 1-year low of $34.59 and a 1-year high of $45.71. The firm has a market cap of $1.99 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.28 and a beta of 1.62. The firm has a fifty day simple moving average of $40.78 and a 200 day simple moving average of $40.86.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. The firm had revenue of $209.86 million during the quarter, compared to analysts' expectations of $240.05 million. As a group, research analysts anticipate that Delek Logistics Partners, LP will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were given a dividend of $1.105 per share. This represents a $4.42 annualized dividend and a yield of 11.94%. The ex-dividend date of this dividend was Tuesday, February 4th. This is a positive change from Delek Logistics Partners's previous quarterly dividend of $1.10. Delek Logistics Partners's dividend payout ratio (DPR) is presently 147.83%.

Wall Street Analyst Weigh In

Separately, Raymond James raised their price objective on 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 assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $44.25.

Delek Logistics Partners Company Profile

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.