Avigal Soreq Acquires 375 Shares of Delek Logistics Partners, LP (NYSE:DKL) Stock

Delek Logistics Partners, LP (NYSE:DKL - Get Free Report) President Avigal Soreq bought 375 shares of the business's stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $39.68 per share, for a total transaction of $14,880.00. Following the transaction, the president now directly owns 45,537 shares of the company's stock, valued at approximately $1,806,908.16. This represents a 0.83 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Avigal Soreq also recently made the following trade(s):

• On Thursday, October 10th, Avigal Soreq purchased 2,563 shares of Delek Logistics Partners stock. The shares were bought at an average cost of $39.00 per share, for a total transaction of $99,957.00.

Delek Logistics Partners Stock Performance

Shares of DKL stock traded down $0.07 on Tuesday, reaching $39.93. 388,666 shares of the company's stock traded hands, compared to its average volume of 113,525. The business's 50 day moving average price is $39.30 and its two-hundred day moving average price is $40.24. The company has a market capitalization of $2.06 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.13 and a beta of 2.12. Delek Logistics Partners, LP has a 12-month low of $37.02 and a 12-month high of $47.67.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last posted 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). Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. The company had revenue of $214.07 million during the quarter, compared to analyst estimates of $270.98 million. During the same period last year, the company posted $0.80 earnings per share. Research analysts predict that Delek Logistics Partners, LP will post 3.05 earnings per share for the current year.

Delek Logistics Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 8th were given a dividend of $1.10 per share. The ex-dividend date was Friday, November 8th. This represents a $4.40 dividend on an annualized basis and a yield of 11.02%. This is a boost from Delek Logistics Partners's previous quarterly dividend of $0.73. Delek Logistics Partners's dividend payout ratio is presently 156.03%.

Institutional Trading of Delek Logistics Partners

Several large investors have recently modified their holdings of DKL. HB Wealth Management LLC bought a new position in Delek Logistics Partners during the second quarter valued at about $203,000. IFG Advisory LLC acquired a new position in shares of Delek Logistics Partners in the second quarter valued at $640,000. Van ECK Associates Corp lifted its position in Delek Logistics Partners by 76.0% in the second quarter. Van ECK Associates Corp now owns 3,329 shares of the oil and gas producer's stock worth $135,000 after purchasing an additional 1,437 shares during the period. Strategic Financial Concepts LLC boosted its stake in Delek Logistics Partners by 4,182.7% during the second quarter. Strategic Financial Concepts LLC now owns 496,156 shares of the oil and gas producer's stock worth $201,000 after buying an additional 484,571 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Delek Logistics Partners in the 2nd quarter valued at $456,000. 11.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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