Renaissance Technologies LLC purchased a new position in shares of Delek Logistics Partners LP (NYSE:DKL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,500 shares of the oil and gas producer’s stock, valued at approximately $843,000.
Separately, Guggenheim Capital LLC raised its position in shares of Delek Logistics Partners by 33.6% during the 1st 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 period. Hedge funds and other institutional investors own 22.69% of the company’s stock.
DKL opened at $30.92 on Friday. Delek Logistics Partners LP has a 12 month low of $26.50 and a 12 month high of $35.50. The company has a market capitalization of $769.66 million, a P/E ratio of 12.62 and a beta of 1.20.
Delek Logistics Partners (NYSE:DKL) last posted its earnings results on Tuesday, August 7th. The oil and gas producer reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). Delek Logistics Partners had a net margin of 13.22% and a negative return on equity of 103.52%. The business had revenue of $166.28 million during the quarter, compared to analyst estimates of $189.86 million. Equities analysts anticipate that Delek Logistics Partners LP will post 2.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, November 2nd will be given a $0.79 dividend. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.77. This represents a $3.16 annualized dividend and a yield of 10.22%. The ex-dividend date of this dividend is Thursday, November 1st. Delek Logistics Partners’s dividend payout ratio (DPR) is currently 151.20%.
Several research firms recently commented on DKL. Zacks Investment Research upgraded Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, October 9th. ValuEngine upgraded Delek Logistics Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Credit Suisse Group began coverage on Delek Logistics Partners in a research report on Thursday, October 11th. They issued an “underperform” rating and a $31.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The company has an average rating of “Sell” and a consensus price target of $33.67.
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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