Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. purchased 34,722 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were acquired at an average cost of $29.97 per share, for a total transaction of $1,040,618.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, March 13th, Delek Us Holdings, Inc. purchased 23,183 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $30.61 per share, for a total transaction of $709,631.63.
  • On Wednesday, March 8th, Delek Us Holdings, Inc. purchased 4,972 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $31.49 per share, for a total transaction of $156,568.28.
  • On Tuesday, March 7th, Delek Us Holdings, Inc. purchased 2,400 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $31.46 per share, for a total transaction of $75,504.00.
  • On Monday, March 6th, Delek Us Holdings, Inc. purchased 4,200 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $31.43 per share, for a total transaction of $132,006.00.
  • On Friday, March 3rd, Delek Us Holdings, Inc. purchased 4,806 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $30.84 per share, for a total transaction of $148,217.04.
  • On Wednesday, January 4th, Delek Us Holdings, Inc. purchased 3,800 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $29.70 per share, for a total transaction of $112,860.00.
  • On Tuesday, January 3rd, Delek Us Holdings, Inc. purchased 13,400 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $29.14 per share, for a total transaction of $390,476.00.
  • On Tuesday, December 27th, Delek Us Holdings, Inc. purchased 3,520 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $28.17 per share, for a total transaction of $99,158.40.
  • On Friday, December 23rd, Delek Us Holdings, Inc. purchased 6,400 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $28.17 per share, for a total transaction of $180,288.00.
  • On Wednesday, December 28th, Delek Us Holdings, Inc. purchased 12,620 shares of Delek Logistics Partners stock. The shares were acquired at an average cost of $28.23 per share, for a total transaction of $356,262.60.

Shares of Delek Logistics Partners LP (NYSE:DKL) opened at 29.95 on Tuesday. The firm’s 50-day moving average is $32.24 and its 200 day moving average is $28.71. Delek Logistics Partners LP has a 12 month low of $21.30 and a 12 month high of $36.05. The company has a market capitalization of $728.62 million, a PE ratio of 14.42 and a beta of 1.40.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Monday, February 27th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.01. Delek Logistics Partners had a negative return on equity of 554.90% and a net margin of 14.52%. The firm had revenue of $124.70 million for the quarter, compared to the consensus estimate of $111.47 million. During the same period in the prior year, the business earned $0.55 EPS. Delek Logistics Partners’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts predict that Delek Logistics Partners LP will post $2.30 EPS for the current year.

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

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A number of institutional investors have recently made changes to their positions in the company. Creative Planning increased 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. HITE Hedge Asset Management LLC increased 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. First Trust Advisors LP increased 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. Homrich & Berg increased 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. Finally, Global X Management Co. LLC increased 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. 30.13% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut shares of Delek Logistics Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.75.

About Delek Logistics Partners

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.

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