California Public Employees Retirement System raised its holdings in Delek Logistics Partners, L.P. (NYSE:DKL) by 18.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,700 shares of the oil and gas producer’s stock after buying an additional 1,800 shares during the quarter. California Public Employees Retirement System’s holdings in Delek Logistics Partners, L.P. were worth $383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GSA Capital Partners LLP lifted its stake in Delek Logistics Partners, L.P. by 53.4% in the second quarter. GSA Capital Partners LLP now owns 27,765 shares of the oil and gas producer’s stock valued at $909,000 after buying an additional 9,665 shares during the period. Arrow Investment Advisors LLC bought a new stake in shares of Delek Logistics Partners, L.P. during the second quarter valued at approximately $714,000. Wells Fargo & Company MN increased its holdings in shares of Delek Logistics Partners, L.P. by 31.0% during the second quarter. Wells Fargo & Company MN now owns 24,929 shares of the oil and gas producer’s stock valued at $817,000 after acquiring an additional 5,900 shares in the last quarter. Homrich & Berg increased its holdings in shares of Delek Logistics Partners, L.P. by 0.9% during the second quarter. Homrich & Berg now owns 45,717 shares of the oil and gas producer’s stock valued at $1,497,000 after acquiring an additional 426 shares in the last quarter. Finally, HITE Hedge Asset Management LLC increased its holdings in shares of Delek Logistics Partners, L.P. by 1.2% during the second quarter. HITE Hedge Asset Management LLC now owns 321,792 shares of the oil and gas producer’s stock valued at $10,539,000 after acquiring an additional 3,765 shares in the last quarter. 28.77% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Ezra Uzi Yemin acquired 7,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average price of $29.70 per share, for a total transaction of $207,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 219,418 shares in the company, valued at approximately $6,516,714.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

DKL has been the subject of several recent research reports. Zacks Investment Research downgraded Delek Logistics Partners, L.P. from a “hold” rating to a “sell” rating in a report on Friday, October 20th. ValuEngine upgraded Delek Logistics Partners, L.P. from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Barclays PLC decreased their price objective on Delek Logistics Partners, L.P. from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, November 10th. Finally, BidaskClub downgraded Delek Logistics Partners, L.P. from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Delek Logistics Partners, L.P. has an average rating of “Hold” and an average target price of $32.50.

Shares of Delek Logistics Partners, L.P. (NYSE DKL) opened at $29.55 on Friday. The company has a market capitalization of $729.58, a P/E ratio of 14.75, a PEG ratio of 2.76 and a beta of 1.29. Delek Logistics Partners, L.P. has a 1-year low of $24.65 and a 1-year high of $36.05. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of -15.58.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.715 per share. This is an increase from Delek Logistics Partners, L.P.’s previous quarterly dividend of $0.71. The ex-dividend date was Monday, November 6th. This represents a $2.86 annualized dividend and a dividend yield of 9.68%. Delek Logistics Partners, L.P.’s payout ratio is currently 143.72%.

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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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