Barclays PLC raised its position in shares of Delek Logistics Partners LP (NYSE:DKL) by 2,214.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,824 shares of the oil and gas producer’s stock after buying an additional 2,702 shares during the period. Barclays PLC’s holdings in Delek Logistics Partners were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DKL. FMR LLC purchased a new position in shares of Delek Logistics Partners in the 3rd quarter valued at approximately $6,008,000. LPL Financial LLC purchased a new position in shares of Delek Logistics Partners in the 3rd quarter valued at approximately $217,000. Bramshill Investments LLC purchased a new position in shares of Delek Logistics Partners in the 3rd quarter valued at approximately $973,000. Tortoise Capital Advisors L.L.C. purchased a new position in shares of Delek Logistics Partners in the 3rd quarter valued at approximately $4,054,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Delek Logistics Partners by 4.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 294,939 shares of the oil and gas producer’s stock valued at $8,627,000 after buying an additional 12,841 shares during the period. 22.58% of the stock is owned by institutional investors.
DKL has been the subject of several recent analyst reports. Zacks Investment Research cut Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. ValuEngine cut Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Thursday, January 24th.
Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings results on Tuesday, February 19th. The oil and gas producer reported $0.58 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.21). The business had revenue of $159.30 million during the quarter. Delek Logistics Partners had a net margin of 13.71% and a negative return on equity of 68.73%. As a group, sell-side analysts expect that Delek Logistics Partners LP will post 2.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be issued a dividend of $0.82 per share. The ex-dividend date is Monday, May 6th. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a yield of 9.99%. Delek Logistics Partners’s payout ratio is currently 122.26%.
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Delek Logistics Partners Company Profile
Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.
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