Delek Logistics Partners (NYSE:DKL) EVP Reuven Spiegel Sells 250 Shares of Stock

Delek Logistics Partners, L.P. (NYSE:DKL) EVP Reuven Spiegel sold 250 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $45.00, for a total transaction of $11,250.00. Following the completion of the transaction, the executive vice president directly owned 24,462 shares of the company’s stock, valued at approximately $1,100,790. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Reuven Spiegel also recently made the following trade(s):

• On Monday, October 6th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The stock was sold at an average price of $45.00, for a total value of $11,250.00.
• On Friday, September 12th, Reuven Spiegel sold 250 shares of Delek Logistics Partners stock. The shares were sold at an average price of $45.00, for a total value of $11,250.00.

Delek Logistics Partners Price Performance

Shares of NYSE DKL opened at $44.66 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 69.13. Delek Logistics Partners, L.P. has a fifty-two week low of $34.59 and a fifty-two week high of $48.00. The business has a 50 day moving average price of $44.65 and a two-hundred day moving average price of $43.24. The firm has a market cap of $2.39 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 1.02 and a beta of 0.56.

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

Delek Logistics Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Friday, November 7th will be paid a dividend of $1.12 per share. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.12. The ex-dividend date is Friday, November 7th. This represents a $4.48 dividend on an annualized basis and a yield of 10.0%. Delek Logistics Partners’s payout ratio is currently 151.19%.

Wall Street Analyst Weigh In

DKL has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Delek Logistics Partners in a research report on Wednesday, October 8th. Mizuho increased their target price on Delek Logistics Partners from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Hedge Funds Weigh In On Delek Logistics Partners

A number of large investors have recently bought and sold shares of DKL. Sharpepoint LLC bought a new position in shares of Delek Logistics Partners during the first quarter valued at approximately $1,408,000. Alps Advisors Inc. boosted its position in Delek Logistics Partners by 31.3% during the 1st quarter. Alps Advisors Inc. now owns 4,316,269 shares of the oil and gas producer’s stock valued at $186,722,000 after purchasing an additional 1,028,497 shares during the period. Kestra Private Wealth Services LLC acquired a new position in Delek Logistics Partners during the 1st quarter valued at approximately $351,000. HB Wealth Management LLC bought a new position in Delek Logistics Partners during the 1st quarter worth $250,000. Finally, LPL Financial LLC increased its position in Delek Logistics Partners by 2.9% in the first quarter. LPL Financial LLC now owns 45,721 shares of the oil and gas producer’s stock worth $1,978,000 after buying an additional 1,274 shares during the period. Institutional investors own 11.75% of the company’s stock.

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.