Delek Logistics Partners, LP (NYSE:DKL) CFO Reuven Spiegel Acquires 1,282 Shares

Delek Logistics Partners, LP (NYSE:DKL - Get Free Report) CFO Reuven Spiegel acquired 1,282 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average price of $39.00 per share, with a total value of $49,998.00. Following the completion of the transaction, the chief financial officer now owns 20,223 shares of the company's stock, valued at approximately $788,697. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Reuven Spiegel also recently made the following trade(s):

• On Thursday, August 22nd, Reuven Spiegel purchased 3,885 shares of Delek Logistics Partners stock. The stock was bought at an average cost of $38.98 per share, for a total transaction of $151,437.30.

Delek Logistics Partners Stock Performance

DKL traded down $0.21 on Tuesday, hitting $39.14. 260,024 shares of the company were exchanged, compared to its average volume of 99,028. The company has a market cap of $1.85 billion, a PE ratio of 14.14 and a beta of 2.11. Delek Logistics Partners, LP has a 12 month low of $37.02 and a 12 month high of $53.80. The stock's fifty day moving average is $41.20 and its 200-day moving average is $40.26.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.06. The company had revenue of $264.63 million during the quarter, compared to analysts' expectations of $257.17 million. Delek Logistics Partners had a negative return on equity of 147.45% and a net margin of 12.48%. During the same period last year, the firm posted $0.73 earnings per share. As a group, equities research analysts expect that Delek Logistics Partners, LP will post 3.41 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, August 9th were issued a dividend of $1.09 per share. This is a boost from Delek Logistics Partners's previous quarterly dividend of $0.73. This represents a $4.36 annualized dividend and a yield of 11.14%. The ex-dividend date of this dividend was Friday, August 9th. Delek Logistics Partners's dividend payout ratio (DPR) is presently 157.40%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DKL shares. StockNews.com lowered shares of Delek Logistics Partners from a "strong-buy" rating to a "buy" rating in a report on Tuesday, September 24th. Citigroup upgraded shares of Delek Logistics Partners from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $45.00 in a report on Wednesday, August 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake 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 worth $135,000 after purchasing an additional 1,437 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Delek Logistics Partners during the third quarter worth about $70,000. B. Riley Wealth Advisors Inc. increased its stake in Delek Logistics Partners by 31.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 13,412 shares of the oil and gas producer's stock valued at $563,000 after acquiring an additional 3,215 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of Delek Logistics Partners in the 2nd quarter valued at $203,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Delek Logistics Partners during the second quarter worth about $456,000. 11.75% of the stock is owned by institutional investors and hedge funds.

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.