MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $52.96 Million Stock Holdings in Delek Logistics Partners, L.P. $DKL

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Delek Logistics Partners, L.P. (NYSE:DKL) by 26.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,224,195 shares of the oil and gas producer’s stock after purchasing an additional 254,213 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 2.28% of Delek Logistics Partners worth $52,959,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. raised its holdings in Delek Logistics Partners by 9.5% in the first quarter. Raymond James Financial Inc. now owns 156,752 shares of the oil and gas producer’s stock worth $6,781,000 after purchasing an additional 13,580 shares during the period. Alps Advisors Inc. lifted its stake in 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 valued at $186,722,000 after buying an additional 1,028,497 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Delek Logistics Partners in the first quarter valued at approximately $351,000. Plan Group Financial LLC bought a new position in Delek Logistics Partners in the first quarter valued at approximately $1,090,000. Finally, HB Wealth Management LLC bought a new position in Delek Logistics Partners in the first quarter valued at approximately $250,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Mizuho lifted their price target on shares of Delek Logistics Partners from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Two 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.25.

Insiders Place Their Bets

In related news, Director Charles J. Brown III sold 1,134 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $42.91, for a total value of $48,659.94. Following the completion of the transaction, the director owned 17,971 shares of the company’s stock, valued at approximately $771,135.61. This trade represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,884 shares of company stock valued at $82,410 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Delek Logistics Partners Stock Performance

Shares of DKL opened at $43.20 on Friday. The company has a debt-to-equity ratio of 69.13, a quick ratio of 0.89 and a current ratio of 0.93. Delek Logistics Partners, L.P. has a twelve month low of $34.59 and a twelve month high of $48.00. The firm’s 50 day moving average price is $43.89 and its two-hundred day moving average price is $41.94. The firm has a market cap of $2.31 billion, a P/E ratio of 14.64, a PEG ratio of 0.97 and a beta of 0.64.

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 for the quarter, compared to analyst estimates of $289.07 million. On average, analysts forecast that Delek Logistics Partners, L.P. will post 3.01 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently announced 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 an increase 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 payout ratio is 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.