10,812 Shares in Delek Logistics Partners, LP (NYSE:DKL) Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new stake in shares of Delek Logistics Partners, LP (NYSE:DKL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,812 shares of the oil and gas producer's stock, valued at approximately $506,000.

Several other institutional investors also recently modified their holdings of the business. Apollon Wealth Management LLC bought a new stake in shares of Delek Logistics Partners during the 3rd quarter valued at about $281,000. Infrastructure Capital Advisors LLC grew its stake in shares of Delek Logistics Partners by 18.6% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 252,863 shares of the oil and gas producer's stock valued at $11,055,000 after acquiring an additional 39,577 shares during the period. Millburn Ridgefield Corp purchased a new position in Delek Logistics Partners in the 3rd quarter worth approximately $131,000. Stifel Financial Corp purchased a new position in Delek Logistics Partners in the 3rd quarter worth approximately $206,000. Finally, JPMorgan Chase & Co. lifted its holdings in Delek Logistics Partners by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 244,243 shares of the oil and gas producer's stock worth $10,678,000 after purchasing an additional 31,654 shares in the last quarter. 11.75% of the stock is owned by hedge funds and other institutional investors.

Delek Logistics Partners Trading Up 2.1 %

Shares of NYSE DKL traded up $0.91 during trading hours on Thursday, hitting $43.64. 226,327 shares of the company traded hands, compared to its average volume of 136,170. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01. The company's 50 day moving average price is $42.36 and its 200 day moving average price is $41.26. Delek Logistics Partners, LP has a 12 month low of $37.02 and a 12 month high of $45.71.

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Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $209.86 million during the quarter, compared to the consensus estimate of $240.05 million. Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. Equities analysts anticipate that Delek Logistics Partners, LP will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were given a dividend of $1.105 per share. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $4.42 dividend on an annualized basis and a dividend yield of 10.13%. Delek Logistics Partners's dividend payout ratio is presently 147.83%.

Analyst Upgrades and Downgrades

Separately, Raymond James upped their price objective on Delek Logistics Partners from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Delek Logistics Partners has an average rating of "Hold" and a consensus target price of $44.25.

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.