Avigal Soreq Buys 2,500 Shares of Delek Logistics Partners (NYSE:DKL) Stock

Delek Logistics Partners, L.P. (NYSE:DKL) President Avigal Soreq bought 2,500 shares of Delek Logistics Partners stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $50.00 per share, with a total value of $125,000.00. Following the completion of the purchase, the president owned 84,782 shares in the company, valued at approximately $4,239,100. The trade was a 3.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Delek Logistics Partners Stock Down 0.1%

Shares of NYSE:DKL opened at $53.70 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 386.77. The company has a fifty day simple moving average of $54.34 and a 200 day simple moving average of $52.72. The firm has a market cap of $2.86 billion, a PE ratio of 18.71 and a beta of 0.46. Delek Logistics Partners, L.P. has a 12-month low of $42.35 and a 12-month high of $61.50.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.39). The company had revenue of $384.76 million for the quarter, compared to the consensus estimate of $293.64 million. Delek Logistics Partners had a net margin of 12.85% and a negative return on equity of 935.80%. On average, equities research analysts anticipate that Delek Logistics Partners, L.P. will post 3.94 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a $1.135 dividend. This represents a $4.54 dividend on an annualized basis and a yield of 8.5%. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.13. The ex-dividend date was Monday, August 3rd. Delek Logistics Partners’s payout ratio is 158.19%.

Delek Logistics Partners News Summary

Here are the key news stories impacting Delek Logistics Partners this week:

• Positive Sentiment: Company insiders collectively purchased approximately $750,000 of DKL units at $50 per unit on August 13. Chairman Ezra Uzi Yemin bought 6,000 units, while President Avigal Soreq and EVPs Mark Wayne Hobbs, Robert G. Wright and Reuven Spiegel also increased their holdings. The purchases—raising individual positions by roughly 3% to 23%—may signal that management views the units as attractively valued. Insider buying report
• Positive Sentiment: Delek Logistics increased its quarterly distribution to $1.135 per unit from $1.13, maintaining a long record of distribution growth. The annualized payout is $4.54, equivalent to an approximately 8.5% yield, which may support demand from income-focused investors. However, the payout ratio remains elevated at about 158%. Dividend increase article
• Neutral Sentiment: Analyst sentiment is generally favorable but mixed. Zacks upgraded DKL to “strong buy,” while Raymond James maintained “outperform”; UBS remains “neutral.” The consensus rating is “Moderate Buy,” with an average price target of $55.40.
• Negative Sentiment: Delek Logistics announced a public offering of common units. Although the proceeds could fund growth or balance-sheet needs, issuing additional units may dilute existing holders and weigh on the market price, particularly given DKL’s very high debt-to-equity ratio. Common-unit offering announcement
• Negative Sentiment: The partnership’s latest quarterly EPS of $0.54 missed analysts’ $0.93 estimate, despite revenue exceeding expectations. The earnings shortfall, negative return on equity and high distribution burden remain concerns for investors evaluating the sustainability of DKL’s yield.

Institutional Trading of Delek Logistics Partners

Several hedge funds have recently made changes to their positions in DKL. BNP Paribas Financial Markets bought a new position in Delek Logistics Partners during the 2nd quarter worth $50,000. Jones Financial Companies Lllp lifted its stake in Delek Logistics Partners by 303.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock valued at $52,000 after buying an additional 910 shares during the last quarter. State of Wyoming bought a new position in shares of Delek Logistics Partners during the first quarter worth about $67,000. Osaic Holdings Inc. grew its position in shares of Delek Logistics Partners by 245.8% during the second quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock worth $115,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Delek Logistics Partners by 1,186.5% in the 2nd quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock worth $180,000 after acquiring an additional 3,868 shares during the period. Institutional investors own 11.75% of the company’s stock.

Wall Street Analyst Weigh In

DKL has been the topic of a number of research analyst reports. Mizuho increased their target price on Delek Logistics Partners from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Zacks Research upgraded Delek Logistics Partners from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $60.00 price target on shares of Delek Logistics Partners in a research report on Thursday, April 30th. UBS Group began coverage on shares of Delek Logistics Partners in a report on Thursday, July 16th. They issued a “neutral” rating and a $56.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Delek Logistics Partners in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Delek Logistics Partners presently has an average rating of “Moderate Buy” and an average price target of $55.40.

Delek Logistics Partners Company Profile

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.