Global X Management Co. LLC boosted its position in Delek Logistics Partners, L.P. (NYSE:DKL) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,965 shares of the oil and gas producer’s stock after buying an additional 12,272 shares during the period. Global X Management Co. LLC’s holdings in Delek Logistics Partners, L.P. were worth $8,088,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in Delek Logistics Partners, L.P. during the second quarter worth $131,000. Sei Investments Co. purchased a new position in Delek Logistics Partners, L.P. during the second quarter worth $223,000. Parkside Financial Bank & Trust increased its position in Delek Logistics Partners, L.P. by 7.3% in the first quarter. Parkside Financial Bank & Trust now owns 9,385 shares of the oil and gas producer’s stock worth $313,000 after buying an additional 640 shares during the period. Jane Street Group LLC purchased a new position in Delek Logistics Partners, L.P. during the first quarter worth $313,000. Finally, Franklin Square Holdings L.P. purchased a new position in Delek Logistics Partners, L.P. during the first quarter worth $769,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Delek Logistics Partners, L.P. (DKL) opened at 29.95 on Friday. The stock has a market capitalization of $729.61 million, a P/E ratio of 15.79 and a beta of 1.29. The stock has a 50 day moving average price of $32.89 and a 200 day moving average price of $32.03. Delek Logistics Partners, L.P. has a 52 week low of $21.30 and a 52 week high of $36.05.

Delek Logistics Partners, L.P. (NYSE:DKL) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.09. The firm had revenue of $126.80 million for the quarter, compared to the consensus estimate of $140 million. Delek Logistics Partners, L.P. had a net margin of 12.70% and a negative return on equity of 368.38%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts expect that Delek Logistics Partners, L.P. will post $2.30 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, August 4th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 9.42%. This is a boost from Delek Logistics Partners, L.P.’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Wednesday, August 2nd. Delek Logistics Partners, L.P.’s payout ratio is presently 148.42%.

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A number of research firms recently weighed in on DKL. Zacks Investment Research raised Delek Logistics Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Monday. BidaskClub raised Delek Logistics Partners, L.P. from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Barclays PLC reaffirmed an “equal weight” rating and set a $34.00 price target (down from $35.00) on shares of Delek Logistics Partners, L.P. in a research note on Friday, August 4th. Finally, Scotiabank set a $33.00 price target on Delek Logistics Partners, L.P. and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.00.

In other news, major shareholder Delek Us Holdings, Inc. acquired 7,314 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were acquired at an average cost of $30.69 per share, with a total value of $224,466.66. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have acquired 32,760 shares of company stock worth $1,014,607.

Delek Logistics Partners, L.P. 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.

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Institutional Ownership by Quarter for Delek Logistics Partners, L.P. (NYSE:DKL)

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