Delek Logistics Partners, LP (NYSE:DKL) Chairman Ezra Uzi Yemin Acquires 3,750 Shares

Delek Logistics Partners, LP (NYSE:DKL - Get Free Report) Chairman Ezra Uzi Yemin acquired 3,750 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $39.95 per share, for a total transaction of $149,812.50. Following the completion of the transaction, the chairman now directly owns 162,217 shares of the company's stock, valued at $6,480,569.15. The trade was a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Ezra Uzi Yemin also recently made the following trade(s):

• On Thursday, November 14th, Ezra Uzi Yemin acquired 710 shares of Delek Logistics Partners stock. The shares were bought at an average price of $38.72 per share, for a total transaction of $27,491.20.

Delek Logistics Partners Stock Performance

DKL traded down $0.03 during trading on Wednesday, hitting $39.95. The stock had a trading volume of 166,760 shares, compared to its average volume of 113,743. The stock has a 50 day simple moving average of $39.22 and a two-hundred day simple moving average of $40.24. The company has a market capitalization of $2.06 billion, a PE ratio of 14.17, a PEG ratio of 1.13 and a beta of 2.12. Delek Logistics Partners, LP has a twelve month low of $37.02 and a twelve month high of $47.67.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.19). The business had revenue of $214.07 million for the quarter, compared to analysts' expectations of $270.98 million. Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. During the same quarter in the previous year, the firm posted $0.80 EPS. On average, equities research analysts anticipate that Delek Logistics Partners, LP will post 3.05 EPS for the current year.

Delek Logistics Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 8th were issued a $1.10 dividend. The ex-dividend date was Friday, November 8th. This is a positive change from Delek Logistics Partners's previous quarterly dividend of $0.73. This represents a $4.40 dividend on an annualized basis and a dividend yield of 11.01%. Delek Logistics Partners's dividend payout ratio is currently 156.03%.

Institutional Investors Weigh In On Delek Logistics Partners

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in Delek Logistics Partners in the third quarter valued at $49,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Delek Logistics Partners in the third quarter worth approximately $70,000. Sittner & Nelson LLC acquired a new stake in shares of Delek Logistics Partners in the third quarter worth approximately $109,000. Millburn Ridgefield Corp acquired a new position in Delek Logistics Partners in the 3rd quarter valued at $131,000. Finally, Van ECK Associates Corp lifted its holdings in Delek Logistics Partners by 76.0% in the 2nd quarter. Van ECK Associates Corp now owns 3,329 shares of the oil and gas producer's stock valued at $135,000 after purchasing an additional 1,437 shares in the last quarter. Hedge funds and other institutional investors own 11.75% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DKL. Bank of America started coverage on shares of Delek Logistics Partners in a research report on Thursday, October 17th. They issued an "underperform" rating and a $36.00 price target on the stock. Truist Financial raised their target price on Delek Logistics Partners from $46.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Citigroup raised Delek Logistics Partners from a "neutral" rating to a "buy" rating and boosted their price target for the company from $44.00 to $45.00 in a report on Wednesday, August 28th. Finally, StockNews.com cut Delek Logistics Partners from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Delek Logistics Partners presently has a consensus rating of "Hold" and a consensus price target of $44.00.

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.