Delek Logistics Partners, LP (NYSE:DKL) Short Interest Down 12.1% in February

Delek Logistics Partners, LP (NYSE:DKL) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 1,090,000 shares, a decline of 12.1% from the January 31st total of 1,240,000 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average trading volume of 176,100 shares, the days-to-cover ratio is presently 6.2 days.

Delek Logistics Partners Stock Up 1.5 %

Shares of DKL opened at $41.07 on Friday. Delek Logistics Partners has a 12 month low of $37.02 and a 12 month high of $45.71. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.28 and a beta of 2.01. The company has a 50-day moving average price of $42.42 and a two-hundred day moving average price of $41.11.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Tuesday, February 25th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%. The company had revenue of $209.86 million during the quarter, compared to the consensus estimate of $240.05 million. Equities research analysts expect that Delek Logistics Partners will post 3.01 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were given a dividend of $1.105 per share. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $4.42 annualized dividend and a dividend yield of 10.76%. Delek Logistics Partners’s dividend payout ratio is currently 147.83%.

Analysts Set New Price Targets

Several research firms recently weighed in on DKL. Truist Financial upped their price target on Delek Logistics Partners from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Raymond James lifted their price objective on Delek Logistics Partners from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Delek Logistics Partners currently has an average rating of “Hold” and an average price target of $44.25.

Insiders Place Their Bets

In related news, Chairman Ezra Uzi Yemin acquired 3,750 shares of the business’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price 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 represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Trading of Delek Logistics Partners

Institutional investors have recently made changes to their positions in the business. Stifel Financial Corp increased its holdings in shares of Delek Logistics Partners by 7.5% during the 4th quarter. Stifel Financial Corp now owns 5,076 shares of the oil and gas producer’s stock worth $215,000 after acquiring an additional 355 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Delek Logistics Partners by 5.6% in the 4th quarter. Focus Financial Network Inc. now owns 10,160 shares of the oil and gas producer’s stock valued at $429,000 after purchasing an additional 542 shares during the last quarter. Farther Finance Advisors LLC bought a new position in Delek Logistics Partners in the 3rd quarter valued at approximately $49,000. Apollon Wealth Management LLC increased its stake in shares of Delek Logistics Partners by 19.1% in the fourth quarter. Apollon Wealth Management LLC now owns 7,639 shares of the oil and gas producer’s stock valued at $323,000 after buying an additional 1,223 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Delek Logistics Partners by 4.2% during the fourth quarter. Wells Fargo & Company MN now owns 30,338 shares of the oil and gas producer’s stock worth $1,282,000 after acquiring an additional 1,223 shares during the last quarter. Institutional investors own 11.75% of the company’s stock.

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.