Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. purchased 27,567 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The stock was acquired at an average cost of $25.30 per share, with a total value of $697,445.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, November 29th, Delek Us Holdings, Inc. purchased 10,356 shares of Delek Logistics Partners stock. The stock was acquired at an average cost of $25.16 per share, with a total value of $260,556.96.
  • On Monday, November 28th, Delek Us Holdings, Inc. bought 9,500 shares of Delek Logistics Partners stock. The shares were purchased at an average cost of $25.46 per share, with a total value of $241,870.00.
  • On Tuesday, November 22nd, Delek Us Holdings, Inc. bought 16,435 shares of Delek Logistics Partners stock. The shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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) opened at 25.55 on Thursday. The company has a market capitalization of $620.97 million, a P/E ratio of 11.81 and a beta of 1.34. Delek Logistics Partners LP has a 52-week low of $21.30 and a 52-week high of $38.00. The firm’s 50 day moving average is $24.51 and its 200-day moving average is $26.21.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $107.50 million for the quarter, compared to the consensus estimate of $108.61 million. During the same period last year, the company posted $0.70 EPS. The business’s quarterly revenue was down 34.9% on a year-over-year basis. Equities research analysts anticipate that Delek Logistics Partners LP will post $2.10 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were paid a $0.655 dividend. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.62 dividend on an annualized basis and a dividend yield of 10.25%.

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Several institutional investors have recently made changes to their positions in DKL. Global X Management Co. LLC boosted its position in shares of Delek Logistics Partners by 11.1% in the third quarter. Global X Management Co. LLC now owns 244,699 shares of the company’s stock worth $6,993,000 after buying an additional 24,355 shares in the last quarter. Homrich & Berg boosted its position in shares of Delek Logistics Partners by 4.0% in the third quarter. Homrich & Berg now owns 44,031 shares of the company’s stock worth $1,258,000 after buying an additional 1,693 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Delek Logistics Partners by 123.3% in the third quarter. First Trust Advisors LP now owns 361,010 shares of the company’s stock worth $10,318,000 after buying an additional 199,372 shares in the last quarter. HITE Hedge Asset Management LLC boosted its position in shares of Delek Logistics Partners by 485.4% in the third quarter. HITE Hedge Asset Management LLC now owns 214,741 shares of the company’s stock worth $6,137,000 after buying an additional 178,058 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Delek Logistics Partners by 80.8% in the third quarter. Creative Planning now owns 8,110 shares of the company’s stock worth $232,000 after buying an additional 3,625 shares in the last quarter.

DKL has been the subject of a number of analyst reports. Wells Fargo & Co. raised shares of Delek Logistics Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 9th. Zacks Investment Research raised shares of Delek Logistics Partners from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Tuesday, October 4th. Finally, Barclays PLC reduced their target price on shares of Delek Logistics Partners from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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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