Venturi Wealth Management LLC Purchases New Shares in Delek Logistics Partners, LP (NYSE:DKL)

Venturi Wealth Management LLC acquired a new stake in Delek Logistics Partners, LP (NYSE:DKL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,520 shares of the oil and gas producer’s stock, valued at approximately $64,000.

Several other institutional investors also recently bought and sold shares of DKL. Strategic Financial Concepts LLC increased its stake in Delek Logistics Partners by 3,838.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 476,439 shares of the oil and gas producer’s stock valued at $20,134,000 after buying an additional 464,343 shares during the period. Adams Asset Advisors LLC acquired a new position in Delek Logistics Partners in the 4th quarter valued at $2,544,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in Delek Logistics Partners in the 4th quarter valued at $1,690,000. Infrastructure Capital Advisors LLC increased its stake in Delek Logistics Partners by 18.6% in the 3rd quarter. Infrastructure Capital Advisors LLC now owns 252,863 shares of the oil and gas producer’s stock valued at $11,055,000 after buying an additional 39,577 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Delek Logistics Partners by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 244,243 shares of the oil and gas producer’s stock valued at $10,678,000 after buying an additional 31,654 shares during the period. 11.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on DKL. Truist Financial boosted their price objective on shares of Delek Logistics Partners from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Raymond James upped their price target on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, StockNews.com cut shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Delek Logistics Partners has an average rating of “Hold” and an average target price of $44.25.

Insider Activity at Delek Logistics Partners

In other Delek Logistics Partners news, Chairman Ezra Uzi Yemin acquired 3,750 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $39.95 per share, with a total value of $149,812.50. Following the purchase, the chairman now owns 162,217 shares in the company, valued at approximately $6,480,569.15. The trade was a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Delek Logistics Partners Stock Up 0.0 %

NYSE:DKL opened at $40.03 on Tuesday. The stock has a market cap of $2.06 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. Delek Logistics Partners, LP has a fifty-two week low of $37.02 and a fifty-two week high of $46.50. The firm’s fifty day simple moving average is $42.24 and its 200-day simple moving average is $40.95.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were paid a $1.105 dividend. This represents a $4.42 dividend on an annualized basis and a yield of 11.04%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, February 4th. Delek Logistics Partners’s dividend payout ratio is presently 156.74%.

About Delek Logistics Partners

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.