Sanctuary Advisors LLC Acquires New Stake in Delek Logistics Partners, LP (NYSE:DKL)

Sanctuary Advisors LLC bought a new position in shares of Delek Logistics Partners, LP (NYSE:DKL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,000 shares of the oil and gas producer’s stock, valued at approximately $522,000.

A number of other large investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Delek Logistics Partners by 205.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,482,686 shares of the oil and gas producer’s stock worth $60,775,000 after acquiring an additional 997,860 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Delek Logistics Partners by 263.8% in the first quarter. GSA Capital Partners LLP now owns 37,535 shares of the oil and gas producer’s stock valued at $1,539,000 after purchasing an additional 27,217 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in Delek Logistics Partners during the first quarter worth $12,656,000. Strategic Financial Concepts LLC increased its stake in shares of Delek Logistics Partners by 4,182.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 496,156 shares of the oil and gas producer’s stock worth $201,000 after acquiring an additional 484,571 shares during the last quarter. Finally, IFG Advisory LLC purchased a new position in shares of Delek Logistics Partners during the 2nd quarter worth $640,000. Hedge funds and other institutional investors own 11.75% of the company’s stock.

Delek Logistics Partners Stock Performance

Delek Logistics Partners stock opened at $39.13 on Wednesday. The company’s 50 day simple moving average is $41.18 and its 200-day simple moving average is $40.25. Delek Logistics Partners, LP has a 1 year low of $37.02 and a 1 year high of $53.80. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 14.13 and a beta of 2.11.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Tuesday, August 6th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Delek Logistics Partners had a negative return on equity of 147.45% and a net margin of 12.48%. The company had revenue of $264.63 million for the quarter, compared to analyst estimates of $257.17 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. Equities analysts expect that Delek Logistics Partners, LP will post 3.41 earnings per share for the current year.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, August 9th were issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 11.14%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, August 9th. Delek Logistics Partners’s dividend payout ratio (DPR) is 157.40%.

Insider Buying and Selling at Delek Logistics Partners

In other Delek Logistics Partners news, Director Sherri Anne Brillon acquired 2,000 shares of the stock in a transaction dated Monday, August 19th. The stock was acquired at an average price of $39.00 per share, with a total value of $78,000.00. Following the completion of the purchase, the director now owns 11,433 shares in the company, valued at $445,887. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Sherri Anne Brillon acquired 2,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average price of $39.00 per share, with a total value of $78,000.00. Following the completion of the transaction, the director now owns 11,433 shares of the company’s stock, valued at $445,887. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Reuven Spiegel bought 3,885 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average price of $38.98 per share, with a total value of $151,437.30. Following the completion of the acquisition, the chief financial officer now owns 20,163 shares of the company’s stock, valued at $785,953.74. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 12,934 shares of company stock valued at $504,348 in the last three months. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DKL shares. Citigroup raised shares of Delek Logistics Partners from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.00 to $45.00 in a report on Wednesday, August 28th. StockNews.com cut shares of Delek Logistics Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th.

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.