Insider Selling: Delek Logistics Partners LP (DKL) Director Sells 816 Shares of Stock

Delek Logistics Partners LP (NYSE:DKL) Director Francis C. D’andrea sold 816 shares of Delek Logistics Partners stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $28.85, for a total value of $23,541.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Delek Logistics Partners traded down $0.55, hitting $27.65, during midday trading on Thursday, according to Marketbeat.com. The company had a trading volume of 753 shares, compared to its average volume of 40,599. The stock has a market capitalization of $719.06 million, a PE ratio of 13.40, a PEG ratio of 3.32 and a beta of 1.09. Delek Logistics Partners LP has a 1 year low of $26.60 and a 1 year high of $35.54. The company has a debt-to-equity ratio of -5.65, a quick ratio of 1.26 and a current ratio of 1.61.

Delek Logistics Partners (NYSE:DKL) last posted its earnings results on Monday, May 7th. The oil and gas producer reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. The firm had revenue of $167.92 million during the quarter, compared to analysts’ expectations of $154.61 million. Delek Logistics Partners had a negative return on equity of 144.78% and a net margin of 12.98%. analysts predict that Delek Logistics Partners LP will post 2.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, May 7th were paid a dividend of $0.75 per share. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Friday, May 4th. This represents a $3.00 annualized dividend and a yield of 10.85%. Delek Logistics Partners’s payout ratio is presently 143.54%.

Several equities analysts have recently issued reports on DKL shares. Zacks Investment Research upgraded Delek Logistics Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. Wells Fargo & Co cut Delek Logistics Partners from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st. Finally, ValuEngine cut Delek Logistics Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Delek Logistics Partners presently has an average rating of “Hold” and an average price target of $33.67.

A number of hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC lifted its stake in Delek Logistics Partners by 33.6% during the first quarter. Guggenheim Capital LLC now owns 16,298 shares of the oil and gas producer’s stock worth $462,000 after purchasing an additional 4,098 shares during the last quarter. Franklin Square Holdings L.P. lifted its stake in Delek Logistics Partners by 9.6% during the first quarter. Franklin Square Holdings L.P. now owns 25,860 shares of the oil and gas producer’s stock worth $733,000 after purchasing an additional 2,260 shares during the last quarter. Global X Management Co. LLC lifted its stake in Delek Logistics Partners by 3.8% during the first quarter. Global X Management Co. LLC now owns 262,789 shares of the oil and gas producer’s stock worth $7,450,000 after purchasing an additional 9,684 shares during the last quarter. Meitav Dash Investments Ltd. purchased a new stake in Delek Logistics Partners during the fourth quarter worth approximately $591,000. Finally, Deutsche Bank AG lifted its stake in Delek Logistics Partners by 215.8% during the fourth quarter. Deutsche Bank AG now owns 36,881 shares of the oil and gas producer’s stock worth $1,169,000 after purchasing an additional 25,201 shares during the last quarter. Hedge funds and other institutional investors own 24.34% of the company’s stock.

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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