Short Interest in Delek Logistics Partners, LP (NYSE:DKL) Decreases By 12.1%

Delek Logistics Partners, LP (NYSE:DKL - Get Free Report) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 1,090,000 shares, a decrease of 12.1% from the January 31st total of 1,240,000 shares. Based on an average daily volume of 176,100 shares, the short-interest ratio is presently 6.2 days. Currently, 6.0% of the shares of the stock are short sold.

Insiders Place Their Bets

In other news, Chairman Ezra Uzi Yemin bought 3,750 shares of the stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $39.95 per share, with a total value of $149,812.50. Following the acquisition, the chairman now directly owns 162,217 shares in the company, valued at approximately $6,480,569.15. This trade represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in Delek Logistics Partners in the third quarter worth approximately $49,000. Venturi Wealth Management LLC purchased a new stake in shares of Delek Logistics Partners in the fourth quarter worth approximately $64,000. Sittner & Nelson LLC purchased a new stake in shares of Delek Logistics Partners in the third quarter worth approximately $109,000. Millburn Ridgefield Corp purchased a new stake in shares of Delek Logistics Partners in the third quarter worth approximately $131,000. Finally, Stifel Financial Corp purchased a new stake in shares of Delek Logistics Partners in the third quarter worth approximately $206,000. Institutional investors own 11.75% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DKL. Truist Financial upped their target price on Delek Logistics Partners from $46.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Raymond James increased their price target on Delek Logistics Partners from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $44.25.

Delek Logistics Partners Price Performance

Shares of Delek Logistics Partners stock traded up $0.63 on Friday, hitting $41.07. 163,485 shares of the company's stock traded hands, compared to its average volume of 158,906. Delek Logistics Partners has a one year low of $37.02 and a one year high of $45.71. The company has a fifty day moving average of $42.42 and a two-hundred day moving average of $41.14. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas producer reported $0.68 earnings per share (EPS) 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 the consensus estimate of $240.05 million. Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. Equities research analysts anticipate that Delek Logistics Partners will post 3.01 earnings per share for the current year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were issued 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 10.76%. This is a positive change from Delek Logistics Partners's previous quarterly dividend of $1.10. Delek Logistics Partners's dividend 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.