Sanctuary Advisors LLC Makes New Investment in Delek Logistics Partners, LP (NYSE:DKL)

Sanctuary Advisors LLC purchased a new stake in Delek Logistics Partners, LP (NYSE:DKL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,000 shares of the oil and gas producer's stock, valued at approximately $522,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Delek Logistics Partners in the first quarter valued at approximately $66,000. Van ECK Associates Corp grew its holdings in Delek Logistics Partners by 76.0% during the 2nd quarter. Van ECK Associates Corp now owns 3,329 shares of the oil and gas producer's stock worth $135,000 after acquiring an additional 1,437 shares during the period. HB Wealth Management LLC acquired a new stake in Delek Logistics Partners during the 2nd quarter worth $203,000. Susquehanna Fundamental Investments LLC acquired a new stake in Delek Logistics Partners during the 2nd quarter worth $456,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in Delek Logistics Partners by 31.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,412 shares of the oil and gas producer's stock worth $563,000 after acquiring an additional 3,215 shares during the period. Institutional investors and hedge funds own 11.75% of the company's stock.

Delek Logistics Partners Price Performance

Shares of NYSE DKL traded up $0.06 during midday trading on Wednesday, reaching $39.20. 96,131 shares of the stock were exchanged, compared to its average volume of 99,015. The business has a 50-day simple moving average of $41.16 and a two-hundred day simple moving average of $40.24. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 14.15 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.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas producer reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. The company had revenue of $264.63 million for the quarter, compared to analysts' expectations of $257.17 million. Delek Logistics Partners had a net margin of 12.48% and a negative return on equity of 147.45%. During the same period last year, the firm posted $0.73 earnings per share. Equities research analysts expect that Delek Logistics Partners, LP will post 3.41 earnings per share 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. Stockholders of record on Friday, August 9th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 11.12%. This is a boost from Delek Logistics Partners's previous quarterly dividend of $0.73. The ex-dividend date was Friday, August 9th. Delek Logistics Partners's dividend payout ratio (DPR) is currently 157.40%.

Insider Transactions at Delek Logistics Partners

In related news, Director Sherri Anne Brillon acquired 2,000 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $39.00 per share, with a total value of $78,000.00. Following the transaction, the director now owns 11,433 shares of the company's stock, valued at $445,887. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Delek Logistics Partners news, CFO Reuven Spiegel purchased 3,885 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of $38.98 per share, with a total value of $151,437.30. Following the transaction, the chief financial officer now directly owns 20,163 shares of the company's stock, valued at $785,953.74. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sherri Anne Brillon purchased 2,000 shares of the business's stock in a transaction on Monday, August 19th. The shares were acquired at an average cost of $39.00 per share, for a total transaction of $78,000.00. Following the completion of the transaction, the director now directly owns 11,433 shares in the company, valued at approximately $445,887. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 12,934 shares of company stock valued at $504,348 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DKL has been the subject of a number of analyst reports. Citigroup raised shares of Delek Logistics Partners from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $44.00 to $45.00 in a report on Wednesday, August 28th. StockNews.com lowered shares of Delek Logistics Partners from a "strong-buy" rating to a "buy" rating in a report on Tuesday, September 24th.

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.