Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. bought 10,356 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The stock was acquired at an average cost of $25.16 per share, with a total value of $260,556.96. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Delek Us Holdings, Inc. also recently made the following trade(s):

  • On Monday, November 28th, Delek Us Holdings, Inc. bought 9,500 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $25.46 per share, with a total value of $241,870.00.
  • On Wednesday, November 30th, Delek Us Holdings, Inc. bought 27,567 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $25.30 per share, with a total value of $697,445.10.
  • On Tuesday, November 22nd, Delek Us Holdings, Inc. bought 16,435 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $25.84 per share, with a total value of $424,680.40.
  • On Monday, November 21st, Delek Us Holdings, Inc. bought 14,014 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $25.77 per share, with a total value of $361,140.78.
  • On Wednesday, November 23rd, Delek Us Holdings, Inc. bought 38,959 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $25.78 per share, with a total value of $1,004,363.02.
  • On Friday, November 18th, Delek Us Holdings, Inc. bought 33,128 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $25.02 per share, with a total value of $828,862.56.
  • On Tuesday, November 15th, Delek Us Holdings, Inc. bought 16,000 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $24.84 per share, with a total value of $397,440.00.
  • On Monday, November 14th, Delek Us Holdings, Inc. bought 8,646 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $23.28 per share, with a total value of $201,278.88.
  • On Friday, November 11th, Delek Us Holdings, Inc. bought 11,796 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $23.00 per share, with a total value of $271,308.00.

Shares of Delek Logistics Partners LP (NYSE:DKL) traded up 3.44% during mid-day trading on Wednesday, hitting $25.55. 57,132 shares of the company traded hands. The firm has a 50-day moving average of $24.46 and a 200-day moving average of $26.19. Delek Logistics Partners LP has a one year low of $21.30 and a one year high of $38.00. The stock has a market capitalization of $620.97 million, a price-to-earnings ratio of 11.81 and a beta of 1.34.

Delek Logistics Partners (NYSE:DKL) last released its earnings results on Monday, October 31st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.14. The company had revenue of $107.50 million for the quarter, compared to the consensus estimate of $108.61 million. During the same quarter in the previous year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was down 34.9% compared to the same quarter last year. On average, equities analysts predict that Delek Logistics Partners LP will post $2.10 earnings per share for the current year.

Insider Buying and Selling by Quarter for Delek Logistics Partners (NYSE:DKL)

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date was Thursday, November 3rd. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.63.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its position in Delek Logistics Partners by 797.0% in the second quarter. Creative Planning now owns 4,485 shares of the company’s stock valued at $120,000 after buying an additional 3,985 shares during the last quarter. PEAK6 Investments L.P. acquired a new position in Delek Logistics Partners during the second quarter valued at $211,000. Parkside Financial Bank & Trust increased its position in Delek Logistics Partners by 5.1% in the third quarter. Parkside Financial Bank & Trust now owns 8,625 shares of the company’s stock valued at $247,000 after buying an additional 415 shares during the last quarter. Credit Suisse AG acquired a new position in Delek Logistics Partners during the third quarter valued at $286,000. Finally, Cetera Advisors LLC acquired a new position in Delek Logistics Partners during the third quarter valued at $470,000.

DKL has been the subject of a number of analyst reports. Barclays PLC decreased their price objective on shares of Delek Logistics Partners from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, August 11th. Wells Fargo & Co. downgraded shares of Delek Logistics Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, October 3rd. Finally, Zacks Investment Research raised shares of Delek Logistics Partners from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, October 4th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Delek Logistics Partners presently has an average rating of “Hold” and a consensus price target of $31.00.

Delek Logistics Partners Company Profile

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.

5 Day Chart for NYSE:DKL

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