1,600 Shares in Delek Logistics Partners, LP (NYSE:DKL) Acquired by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC acquired a new stake in Delek Logistics Partners, LP (NYSE:DKL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,600 shares of the oil and gas producer’s stock, valued at approximately $66,000.

Several other large investors have also recently added to or reduced their stakes in DKL. Spirit of America Management Corp NY acquired a new stake in shares of Delek Logistics Partners in the fourth quarter valued at approximately $86,000. Citigroup Inc. bought a new position in Delek Logistics Partners during the 3rd quarter worth $88,000. Nomura Holdings Inc. acquired a new position in Delek Logistics Partners in the 3rd quarter valued at $210,000. Thoroughbred Financial Services LLC lifted its position in shares of Delek Logistics Partners by 9.6% during the 4th quarter. Thoroughbred Financial Services LLC now owns 7,379 shares of the oil and gas producer’s stock valued at $318,000 after acquiring an additional 648 shares during the period. Finally, Focus Financial Network Inc. ADV acquired a new stake in shares of Delek Logistics Partners during the 4th quarter worth $408,000. Institutional investors own 11.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DKL. Truist Financial started coverage on shares of Delek Logistics Partners in a report on Friday, April 19th. They issued a “buy” rating and a $46.00 target price on the stock. StockNews.com upgraded shares of Delek Logistics Partners from a “hold” rating to a “buy” rating in a research report on Saturday, May 11th. Finally, Raymond James raised Delek Logistics Partners from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.33.

Delek Logistics Partners Price Performance

DKL stock opened at $40.16 on Thursday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 14.50 and a beta of 2.09. The company has a 50 day simple moving average of $39.40 and a 200 day simple moving average of $41.83. Delek Logistics Partners, LP has a 1 year low of $36.50 and a 1 year high of $57.85.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. Delek Logistics Partners had a net margin of 11.81% and a negative return on equity of 115.32%. The company had revenue of $252.08 million during the quarter, compared to the consensus estimate of $263.96 million. On average, equities research analysts anticipate that Delek Logistics Partners, LP will post 3.27 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were given a $1.025 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.25. This represents a $4.10 annualized dividend and a yield of 10.21%. Delek Logistics Partners’s dividend payout ratio (DPR) is currently 154.51%.

Delek Logistics Partners 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.