Easterly Investment Partners LLC bought a new position in Delek Logistics Partners, LP (NYSE:DKL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,883 shares of the oil and gas producer's stock, valued at approximately $587,000.
Other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in Delek Logistics Partners in the 4th quarter worth approximately $64,000. Millburn Ridgefield Corp purchased a new stake in shares of Delek Logistics Partners in the third quarter valued at $131,000. Van ECK Associates Corp boosted its position in shares of Delek Logistics Partners by 74.6% in the fourth quarter. Van ECK Associates Corp now owns 4,854 shares of the oil and gas producer's stock worth $205,000 after buying an additional 2,074 shares during the period. Stifel Financial Corp purchased a new position in shares of Delek Logistics Partners during the third quarter valued at $206,000. Finally, Apollon Wealth Management LLC grew 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 buying an additional 1,223 shares in the last quarter. 11.75% of the stock is owned by hedge funds and other institutional investors.
Delek Logistics Partners Stock Performance
Shares of NYSE DKL traded up $0.03 during mid-day trading on Tuesday, reaching $43.29. The company had a trading volume of 27,751 shares, compared to its average volume of 175,048. Delek Logistics Partners, LP has a twelve month low of $37.02 and a twelve month high of $45.71. The stock's 50 day moving average is $42.34 and its 200-day moving average is $41.36. The stock has a market capitalization of $2.32 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01.
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 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $209.86 million during the quarter, compared to analyst estimates of $240.05 million. Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. On average, sell-side 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 10.21%. 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Delek Logistics Partners has an average rating of "Hold" and a consensus target price of $44.25.
Check Out Our Latest Stock Analysis on DKL
Delek Logistics Partners Profile
(
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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