Delek Logistics Partners (NYSE:DKL) released its quarterly earnings results on Monday. The oil and gas producer reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06, Morningstar.com reports. The firm had revenue of $155.34 million for the quarter, compared to analyst estimates of $161.39 million. Delek Logistics Partners had a net margin of 14.00% and a negative return on equity of 67.06%.
NYSE:DKL traded down $0.85 on Wednesday, reaching $31.65. The stock had a trading volume of 15,197 shares, compared to its average volume of 30,315. The firm has a market cap of $788.40 million, a P/E ratio of 11.94, a P/E/G ratio of 5.86 and a beta of 1.01. Delek Logistics Partners has a 1-year low of $27.01 and a 1-year high of $35.50. The stock’s fifty day simple moving average is $32.14.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Monday, August 5th will be given a $0.85 dividend. The ex-dividend date is Friday, August 2nd. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a yield of 10.74%. Delek Logistics Partners’s payout ratio is 128.30%.
In other Delek Logistics Partners news, Director Francis C. D’andrea sold 888 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $30.64, for a total value of $27,208.32. Following the transaction, the director now directly owns 11,384 shares in the company, valued at $348,805.76. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC raised its stake in shares of Delek Logistics Partners by 2,214.8% in the fourth quarter. Barclays PLC now owns 2,824 shares of the oil and gas producer’s stock worth $83,000 after acquiring an additional 2,702 shares during the last quarter. Arrow Investment Advisors LLC raised its stake in shares of Delek Logistics Partners by 23.4% in the first quarter. Arrow Investment Advisors LLC now owns 16,948 shares of the oil and gas producer’s stock worth $550,000 after acquiring an additional 3,211 shares during the last quarter. FMR LLC raised its stake in shares of Delek Logistics Partners by 7.1% in the fourth quarter. FMR LLC now owns 189,300 shares of the oil and gas producer’s stock worth $5,538,000 after acquiring an additional 12,606 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Delek Logistics Partners by 27.5% in the fourth quarter. Bank of America Corp DE now owns 45,201 shares of the oil and gas producer’s stock worth $1,322,000 after acquiring an additional 9,743 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Delek Logistics Partners by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 208,305 shares of the oil and gas producer’s stock worth $6,755,000 after acquiring an additional 870 shares during the last quarter. 21.54% of the stock is owned by institutional investors.
About Delek Logistics Partners
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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