Ezra Uzi Yemin Acquires 3,750 Shares of Delek Logistics Partners, LP (NYSE:DKL) Stock

Delek Logistics Partners, LP (NYSE:DKL) Chairman Ezra Uzi Yemin acquired 3,750 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $39.95 per share, for a total transaction of $149,812.50. Following the acquisition, the chairman now owns 162,217 shares in the company, valued at approximately $6,480,569.15. This trade represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Ezra Uzi Yemin also recently made the following trade(s):

• On Thursday, November 14th, Ezra Uzi Yemin bought 710 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $38.72 per share, with a total value of $27,491.20.

Delek Logistics Partners Price Performance

DKL opened at $39.99 on Friday. Delek Logistics Partners, LP has a 1-year low of $37.02 and a 1-year high of $47.67. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 1.13 and a beta of 2.12. The business has a 50 day moving average price of $39.23 and a two-hundred day moving average price of $40.24.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.19). The firm had revenue of $214.07 million for the quarter, compared to the consensus estimate of $270.98 million. Delek Logistics Partners had a net margin of 13.15% and a negative return on equity of 155.77%. During the same period in the prior year, the business earned $0.80 EPS. Equities analysts expect that Delek Logistics Partners, LP will post 3.05 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 8th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.40 annualized dividend and a dividend yield of 11.00%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.73. Delek Logistics Partners’s payout ratio is currently 156.03%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup upgraded Delek Logistics Partners from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $45.00 in a research report on Wednesday, August 28th. Truist Financial boosted their price target on Delek Logistics Partners from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Bank of America began coverage on Delek Logistics Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $36.00 price target on the stock. Finally, StockNews.com downgraded shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Delek Logistics Partners currently has a consensus rating of “Hold” and an average target price of $44.00.

Institutional Trading of Delek Logistics Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in DKL. Strategic Financial Concepts LLC grew its position in Delek Logistics Partners by 4,182.7% in the second quarter. Strategic Financial Concepts LLC now owns 496,156 shares of the oil and gas producer’s stock worth $201,000 after buying an additional 484,571 shares during the last quarter. Infrastructure Capital Advisors LLC grew its holdings in shares of 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 worth $11,055,000 after acquiring an additional 39,577 shares during the last quarter. IFG Advisory LLC acquired a new stake in shares of Delek Logistics Partners during the second quarter worth $640,000. Sanctuary Advisors LLC purchased a new stake in shares of Delek Logistics Partners during the second quarter valued at $522,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Delek Logistics Partners in the 2nd quarter valued at $456,000. 11.75% of the stock is owned by institutional investors and hedge funds.

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.