Delek Logistics Partners, LP (NYSE:DKL) Chairman Ezra Uzi Yemin Acquires 3,750 Shares of Stock

Delek Logistics Partners, LP (NYSE:DKL) Chairman Ezra Uzi Yemin bought 3,750 shares of Delek Logistics Partners stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $39.95 per share, with a total value of $149,812.50. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Ezra Uzi Yemin also recently made the following trade(s):

• On Thursday, November 14th, Ezra Uzi Yemin purchased 710 shares of Delek Logistics Partners stock. The shares were purchased at an average price of $38.72 per share, for a total transaction of $27,491.20.

Delek Logistics Partners Stock Performance

Shares of DKL stock opened at $39.95 on Thursday. The stock has a market cap of $2.06 billion, a PE ratio of 14.17, a P/E/G ratio of 1.13 and a beta of 2.12. Delek Logistics Partners, LP has a 1 year low of $37.02 and a 1 year high of $47.67. The stock has a fifty day moving average price of $39.22 and a 200 day moving average price of $40.24.

Delek Logistics Partners (NYSE:DKL) last posted its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.19). Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. The business had revenue of $214.07 million for the quarter, compared to analysts’ expectations of $270.98 million. During the same quarter last year, the business posted $0.80 earnings per share. As a group, equities research analysts predict that Delek Logistics Partners, LP will post 3.05 earnings per share for the current year.

Delek Logistics Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 8th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, November 8th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 11.01%. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.73. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 156.03%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new position in shares of Delek Logistics Partners during the second quarter valued at approximately $203,000. IFG Advisory LLC purchased a new position in shares of Delek Logistics Partners during the 2nd quarter worth $640,000. Van ECK Associates Corp boosted its holdings in shares of Delek Logistics Partners by 76.0% during the second 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 during the last quarter. Strategic Financial Concepts LLC grew its position in shares of Delek Logistics Partners by 4,182.7% in the second quarter. Strategic Financial Concepts LLC now owns 496,156 shares of the oil and gas producer’s stock valued at $201,000 after purchasing an additional 484,571 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Delek Logistics Partners in the second quarter valued at $456,000. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DKL. StockNews.com lowered Delek Logistics Partners from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Truist Financial lifted their price target on Delek Logistics Partners from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Citigroup raised Delek Logistics Partners from a “neutral” rating to a “buy” rating and raised their target price for the company from $44.00 to $45.00 in a report on Wednesday, August 28th. Finally, Bank of America started coverage on shares of Delek Logistics Partners in a research note on Thursday, October 17th. They set an “underperform” rating and a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.00.

Delek Logistics Partners Company Profile

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.