Delek Logistics Partners, L.P. $DKL Shares Acquired by LPL Financial LLC

LPL Financial LLC grew its holdings in Delek Logistics Partners, L.P. (NYSE:DKL) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,721 shares of the oil and gas producer’s stock after acquiring an additional 1,274 shares during the period. LPL Financial LLC’s holdings in Delek Logistics Partners were worth $1,978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of DKL. Alps Advisors Inc. grew its stake in shares of Delek Logistics Partners by 31.3% in the first quarter. Alps Advisors Inc. now owns 4,316,269 shares of the oil and gas producer’s stock worth $186,722,000 after acquiring an additional 1,028,497 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Delek Logistics Partners by 42.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 969,982 shares of the oil and gas producer’s stock worth $40,991,000 after acquiring an additional 288,033 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Delek Logistics Partners by 187.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 273,220 shares of the oil and gas producer’s stock worth $11,546,000 after acquiring an additional 178,324 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Delek Logistics Partners in the fourth quarter worth $6,050,000. Finally, Barclays PLC acquired a new position in shares of Delek Logistics Partners in the fourth quarter worth $2,254,000. Institutional investors and hedge funds own 11.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DKL shares. Wall Street Zen downgraded shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Mizuho raised shares of Delek Logistics Partners to a “hold” rating in a research report on Thursday, June 26th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Delek Logistics Partners currently has a consensus rating of “Hold” and an average target price of $44.25.

Delek Logistics Partners Price Performance

Delek Logistics Partners stock opened at $43.14 on Thursday. Delek Logistics Partners, L.P. has a 12-month low of $34.59 and a 12-month high of $48.00. The stock has a market cap of $2.31 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 0.97 and a beta of 0.69. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 69.13. The company has a fifty day simple moving average of $43.80 and a 200-day simple moving average of $41.82.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Delek Logistics Partners had a net margin of 16.58% and a return on equity of 1,224.47%. The firm had revenue of $246.35 million during the quarter, compared to analysts’ expectations of $289.07 million. Equities analysts expect that Delek Logistics Partners, L.P. will post 3.01 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were given a $1.115 dividend. This represents a $4.46 dividend on an annualized basis and a yield of 10.3%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.11. The ex-dividend date of this dividend was Friday, August 8th. Delek Logistics Partners’s dividend payout ratio is presently 151.19%.

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.