Delek Logistics Partners, LP (NYSE:DKL) Shares Acquired by American Financial Group Inc.

American Financial Group Inc. raised its holdings in Delek Logistics Partners, LP (NYSE:DKL) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,000 shares of the oil and gas producer’s stock after purchasing an additional 2,000 shares during the period. American Financial Group Inc.’s holdings in Delek Logistics Partners were worth $507,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Strategic Financial Concepts LLC lifted its stake in shares of Delek Logistics Partners by 3,838.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 476,439 shares of the oil and gas producer’s stock worth $20,134,000 after purchasing an additional 464,343 shares in the last quarter. ING Groep NV boosted its stake in Delek Logistics Partners by 2,491.7% in the fourth quarter. ING Groep NV now owns 311,000 shares of the oil and gas producer’s stock valued at $13,143,000 after acquiring an additional 299,000 shares during the period. Infrastructure Capital Advisors LLC grew its stake in Delek Logistics Partners by 18.6% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 252,863 shares of the oil and gas producer’s stock worth $11,055,000 after buying an additional 39,577 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Delek Logistics Partners by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 244,243 shares of the oil and gas producer’s stock worth $10,678,000 after acquiring an additional 31,654 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Delek Logistics Partners during the fourth quarter valued at approximately $6,050,000. 11.75% of the stock is owned by institutional investors and hedge funds.

Delek Logistics Partners Stock Up 0.5 %

DKL stock opened at $43.82 on Monday. The company has a market cap of $2.35 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01. The business’s 50-day simple moving average is $42.42 and its 200 day simple moving average is $41.27. Delek Logistics Partners, LP has a twelve month low of $37.02 and a twelve month high of $45.71.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $209.86 million for the quarter, compared to the consensus estimate of $240.05 million. On average, equities research analysts anticipate that Delek Logistics Partners, LP will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were paid a $1.105 dividend. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, February 4th. This represents a $4.42 annualized dividend and a yield of 10.09%. Delek Logistics Partners’s payout ratio is 147.83%.

Analyst Upgrades and Downgrades

Separately, Raymond James raised their price objective on shares of Delek Logistics Partners from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.25.

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.