Virtu Financial LLC Acquires 345 Shares of Delek Logistics Partners, LP (NYSE:DKL)

Posted by Defense World Staff on Jul 24th, 2023

Virtu Financial LLC raised its holdings in Delek Logistics Partners, LP (NYSE:DKL – Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,894 shares of the oil and gas producer’s stock after buying an additional 345 shares during the period. Virtu Financial LLC’s holdings in Delek Logistics Partners were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Thoroughbred Financial Services LLC lifted its position in shares of Delek Logistics Partners by 1.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 11,888 shares of the oil and gas producer’s stock valued at $537,000 after purchasing an additional 211 shares in the last quarter. LPL Financial LLC raised its position in Delek Logistics Partners by 1.4% in the second quarter. LPL Financial LLC now owns 29,646 shares of the oil and gas producer’s stock worth $1,444,000 after acquiring an additional 415 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Delek Logistics Partners by 2.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 23,671 shares of the oil and gas producer’s stock worth $1,071,000 after acquiring an additional 468 shares during the period. Vident Investment Advisory LLC raised its position in Delek Logistics Partners by 7.6% in the first quarter. Vident Investment Advisory LLC now owns 7,088 shares of the oil and gas producer’s stock worth $312,000 after acquiring an additional 499 shares during the period. Finally, Royal Bank of Canada raised its position in Delek Logistics Partners by 6.7% in the first quarter. Royal Bank of Canada now owns 8,000 shares of the oil and gas producer’s stock worth $352,000 after acquiring an additional 500 shares during the period. 12.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DKL has been the topic of several research reports. Citigroup lowered shares of Delek Logistics Partners from a “neutral” rating to a “sell” rating and set a $47.00 price objective on the stock. in a research report on Wednesday, June 28th. StockNews.com raised shares of Delek Logistics Partners from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th.

Insider Transactions at Delek Logistics Partners

In related news, Chairman Ezra Uzi Yemin sold 5,834 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $56.78, for a total transaction of $331,254.52. Following the completion of the transaction, the chairman now owns 173,507 shares of the company’s stock, valued at $9,851,727.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 31,137 shares of company stock worth $1,752,022 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Delek Logistics Partners Stock Down 2.3 %

DKL opened at $46.48 on Monday. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 12.88 and a beta of 2.10. The firm has a 50-day moving average price of $52.52 and a 200-day moving average price of $49.83. Delek Logistics Partners, LP has a twelve month low of $41.80 and a twelve month high of $64.46.

Delek Logistics Partners (NYSE:DKL – Get Free Report) last posted its earnings results on Monday, May 8th. The oil and gas producer reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.25). The business had revenue of $243.53 million during the quarter, compared to analysts’ expectations of $273.79 million. Delek Logistics Partners had a negative return on equity of 136.79% and a net margin of 14.62%. During the same quarter in the previous year, the business earned $0.91 EPS. On average, sell-side analysts expect that Delek Logistics Partners, LP will post 3.39 earnings per share for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 8th were paid a $1.025 dividend. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, May 5th. This represents a $4.10 annualized dividend and a dividend yield of 8.82%. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 113.57%.

Delek Logistics Partners Profile

(Free Report)

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 through four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investment in Pipeline Joint Ventures.