Kornitzer Capital Management Inc. KS maintained its stake in shares of Delek Logistics Partners LP (NYSE:DKL) during the first quarter, Holdings Channel reports. The firm owned 140,000 shares of the oil and gas producer’s stock at the end of the first quarter. Kornitzer Capital Management Inc. KS owned about 0.58% of Delek Logistics Partners worth $4,662,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of DKL. HighTower Advisors LLC purchased a new stake in shares of Delek Logistics Partners during the third quarter worth approximately $934,000. Taylor Wealth Management Partners boosted its stake in shares of Delek Logistics Partners by 404.5% in the first quarter. Taylor Wealth Management Partners now owns 28,250 shares of the oil and gas producer’s stock worth $941,000 after buying an additional 22,650 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of Delek Logistics Partners by 10.5% in the fourth quarter. HITE Hedge Asset Management LLC now owns 237,341 shares of the oil and gas producer’s stock worth $6,776,000 after buying an additional 22,600 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Delek Logistics Partners during the third quarter worth approximately $470,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Delek Logistics Partners by 45.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,600 shares of the oil and gas producer’s stock worth $474,000 after buying an additional 5,205 shares during the last quarter. 30.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of Delek Logistics Partners LP (NYSE:DKL) traded up 5.69% on Friday, hitting $30.65. The stock had a trading volume of 47,529 shares. The firm has a 50 day moving average of $31.44 and a 200 day moving average of $29.74. Delek Logistics Partners LP has a 12 month low of $21.30 and a 12 month high of $36.05. The stock has a market cap of $745.65 million, a P/E ratio of 14.76 and a beta of 1.40.
Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Monday, February 27th. The oil and gas producer reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.01. Delek Logistics Partners had a negative return on equity of 554.90% and a net margin of 14.52%. The business had revenue of $124.70 million for the quarter, compared to analyst estimates of $111.47 million. During the same period in the prior year, the company earned $0.55 EPS. The company’s revenue was up 14.5% on a year-over-year basis. On average, equities analysts forecast that Delek Logistics Partners LP will post $2.29 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Investors of record on Friday, May 5th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date is Wednesday, May 3rd. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.68. Delek Logistics Partners’s dividend payout ratio is currently 125.93%.
DKL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, January 17th. Scotiabank reaffirmed a “hold” rating and set a $33.00 price objective on shares of Delek Logistics Partners in a research note on Thursday, March 23rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Delek Logistics Partners presently has an average rating of “Hold” and a consensus target price of $32.80.
In other Delek Logistics Partners news, major shareholder Delek Us Holdings, Inc. acquired 4,200 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were purchased at an average price of $31.43 per share, with a total value of $132,006.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 204,161 shares of company stock worth $6,292,875 in the last ninety days.
About Delek Logistics Partners
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.
Want to see what other hedge funds are holding DKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delek Logistics Partners LP (NYSE:DKL).