Delek Logistics Partners LP (DKL) Major Shareholder Delek Us Holdings, Inc. Purchases 34,722 Shares of Stock

Delek Logistics Partners LP (NYSE:DKL) major shareholder Delek Us Holdings, Inc. bought 34,722 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was purchased at an average price of $29.97 per share, for a total transaction of $1,040,618.34. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Delek Us Holdings, Inc. also recently made the following trade(s):

  • On Monday, March 13th, Delek Us Holdings, Inc. bought 23,183 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $30.61 per share, for a total transaction of $709,631.63.
  • On Wednesday, March 8th, Delek Us Holdings, Inc. bought 4,972 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $31.49 per share, for a total transaction of $156,568.28.
  • On Tuesday, March 7th, Delek Us Holdings, Inc. bought 2,400 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $31.46 per share, for a total transaction of $75,504.00.
  • On Monday, March 6th, Delek Us Holdings, Inc. bought 4,200 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $31.43 per share, for a total transaction of $132,006.00.
  • On Friday, March 3rd, Delek Us Holdings, Inc. bought 4,806 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $30.84 per share, for a total transaction of $148,217.04.
  • On Wednesday, January 4th, Delek Us Holdings, Inc. bought 3,800 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $29.70 per share, for a total transaction of $112,860.00.
  • On Tuesday, January 3rd, Delek Us Holdings, Inc. bought 13,400 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $29.14 per share, for a total transaction of $390,476.00.
  • On Tuesday, December 27th, Delek Us Holdings, Inc. bought 3,520 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $28.17 per share, for a total transaction of $99,158.40.
  • On Friday, December 23rd, Delek Us Holdings, Inc. bought 6,400 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $28.17 per share, for a total transaction of $180,288.00.
  • On Wednesday, December 28th, Delek Us Holdings, Inc. bought 12,620 shares of Delek Logistics Partners stock. The stock was purchased at an average price of $28.23 per share, for a total transaction of $356,262.60.

Delek Logistics Partners LP (NYSE:DKL) traded up 1.35% during midday trading on Monday, reaching $30.10. The company’s stock had a trading volume of 19,834 shares. The firm has a 50 day moving average of $32.24 and a 200 day moving average of $28.71. Delek Logistics Partners LP has a 52-week low of $21.30 and a 52-week high of $36.05. The firm has a market cap of $732.27 million, a P/E ratio of 14.49 and a beta of 1.40.

Delek Logistics Partners (NYSE:DKL) last issued its quarterly earnings results on Monday, February 27th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.01. The company earned $124.70 million during the quarter, compared to analyst estimates of $111.47 million. Delek Logistics Partners had a net margin of 14.52% and a negative return on equity of 554.90%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. Analysts anticipate that Delek Logistics Partners LP will post $2.30 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Delek Logistics Partners (NYSE:DKL)

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Several large investors have recently modified their holdings of the stock. HITE Hedge Asset Management LLC boosted its stake in shares of Delek Logistics Partners by 485.4% in the third quarter. HITE Hedge Asset Management LLC now owns 214,741 shares of the company’s stock valued at $6,137,000 after buying an additional 178,058 shares during the last quarter. Cetera Advisors LLC acquired a new stake in Delek Logistics Partners during the third quarter valued at approximately $470,000. Homrich & Berg boosted its stake in Delek Logistics Partners by 4.0% in the third quarter. Homrich & Berg now owns 44,031 shares of the company’s stock valued at $1,258,000 after buying an additional 1,693 shares in the last quarter. First Trust Advisors LP boosted its stake in Delek Logistics Partners by 123.3% in the third quarter. First Trust Advisors LP now owns 361,010 shares of the company’s stock valued at $10,318,000 after buying an additional 199,372 shares in the last quarter. Finally, BP Capital Fund Advisors LLC boosted its stake in Delek Logistics Partners by 7.4% in the third quarter. BP Capital Fund Advisors LLC now owns 74,441 shares of the company’s stock valued at $2,128,000 after buying an additional 5,101 shares in the last quarter. 30.13% of the stock is owned by institutional investors.

Separately, Zacks Investment Research cut Delek Logistics Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.75.

Delek Logistics Partners Company Profile

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.

5 Day Chart for NYSE:DKL

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