Delek Logistics Partners, LP (NYSE:DKL - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.48 and traded as high as $42.73. Delek Logistics Partners shares last traded at $42.20, with a volume of 64,032 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Delek Logistics Partners from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Truist Financial upped their target price on shares of Delek Logistics Partners from $46.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Finally, Bank of America initiated coverage on Delek Logistics Partners in a research report on Thursday, October 17th. They issued an "underperform" rating and a $36.00 price target for the company. One equities 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $44.00.
View Our Latest Research Report on DKL
Delek Logistics Partners Stock Down 0.4 %
The company's 50 day moving average price is $40.12 and its two-hundred day moving average price is $40.49. The firm has a market cap of $2.17 billion, a PE ratio of 14.96, a P/E/G ratio of 1.13 and a beta of 2.10.
Delek Logistics Partners (NYSE:DKL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $214.07 million during the quarter, compared to analysts' expectations of $270.98 million. During the same period last year, the company earned $0.80 earnings per share. On average, analysts expect that Delek Logistics Partners, LP will post 3.05 earnings per share for the current fiscal year.
Delek Logistics Partners Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 8th were paid a dividend of $1.10 per share. 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 10.43%. The ex-dividend date was Friday, November 8th. Delek Logistics Partners's dividend payout ratio (DPR) is currently 156.03%.
Insider Buying and Selling at Delek Logistics Partners
In related news, Chairman Ezra Uzi Yemin acquired 3,750 shares of the stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $39.95 per share, with a total value of $149,812.50. Following the transaction, the chairman now directly owns 162,217 shares in the company, valued at approximately $6,480,569.15. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired 4,835 shares of company stock valued at $192,184 in the last quarter. 1.00% of the stock is owned by insiders.
Hedge Funds Weigh In On Delek Logistics Partners
A number of institutional investors have recently modified their holdings of DKL. Farther Finance Advisors LLC bought a new position in Delek Logistics Partners in the third quarter worth approximately $49,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Delek Logistics Partners in the 3rd quarter worth $70,000. Sittner & Nelson LLC bought a new position in shares of Delek Logistics Partners during the 3rd quarter worth $109,000. Millburn Ridgefield Corp purchased a new position in shares of Delek Logistics Partners during the third quarter valued at $131,000. Finally, Stifel Financial Corp bought a new stake in shares of Delek Logistics Partners in the third quarter valued at about $206,000. 11.75% of the stock is owned by hedge funds and other institutional investors.
About Delek Logistics Partners
(
Get Free Report)
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.
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