Delek Logistics Partners, LP (NYSE:DKL) Short Interest Update

Delek Logistics Partners, LP (NYSE:DKL - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,090,000 shares, a growth of 19.5% from the March 15th total of 912,500 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average trading volume of 185,500 shares, the short-interest ratio is presently 5.9 days.

Analyst Ratings Changes

Separately, Raymond James lifted their price target on Delek Logistics Partners from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Delek Logistics Partners has a consensus rating of "Hold" and an average price target of $44.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC purchased a new stake in Delek Logistics Partners during the 4th quarter valued at $64,000. Stifel Financial Corp bought a new position in shares of Delek Logistics Partners during the third quarter valued at about $206,000. Van ECK Associates Corp boosted its holdings in shares of Delek Logistics Partners by 74.6% during the fourth quarter. Van ECK Associates Corp now owns 4,854 shares of the oil and gas producer's stock worth $205,000 after purchasing an additional 2,074 shares during the period. GeoWealth Management LLC purchased a new stake in shares of Delek Logistics Partners during the fourth quarter worth about $206,000. Finally, MGO One Seven LLC bought a new stake in shares of Delek Logistics Partners in the fourth quarter worth about $206,000. Institutional investors own 11.75% of the company's stock.

Delek Logistics Partners Stock Down 0.4 %

Shares of Delek Logistics Partners stock traded down $0.14 during trading on Friday, reaching $38.09. The company's stock had a trading volume of 59,566 shares, compared to its average volume of 155,603. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.28 and a beta of 1.62. The firm's 50-day moving average is $40.46 and its two-hundred day moving average is $40.68. Delek Logistics Partners has a 52-week low of $34.59 and a 52-week high of $45.71.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas producer reported $0.68 earnings per share (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 company had revenue of $209.86 million for the quarter, compared to the consensus estimate of $240.05 million. On average, equities research analysts anticipate that Delek Logistics Partners will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were given a $1.105 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $4.42 annualized dividend and a yield of 11.60%. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.10. Delek Logistics Partners's payout ratio is presently 147.83%.

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.