Delek Logistics Partners LP (NYSE:DKL) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 48,200 shares, a growth of 8.1% from the June 15th total of 44,600 shares. Based on an average daily trading volume, of 26,900 shares, the short-interest ratio is currently 1.8 days. Currently, 0.6% of the shares of the stock are sold short.

Separately, Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th.

In other news, Director Francis C. D’andrea sold 888 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $30.64, for a total transaction of $27,208.32. Following the transaction, the director now owns 11,384 shares in the company, valued at approximately $348,805.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its stake in shares of Delek Logistics Partners by 2,214.8% in the 4th quarter. Barclays PLC now owns 2,824 shares of the oil and gas producer’s stock worth $83,000 after acquiring an additional 2,702 shares during the last quarter. Citigroup Inc. acquired a new stake in shares of Delek Logistics Partners in the 4th quarter worth $87,000. First Republic Investment Management Inc. increased its stake in shares of Delek Logistics Partners by 5.8% in the 1st quarter. First Republic Investment Management Inc. now owns 8,915 shares of the oil and gas producer’s stock worth $289,000 after acquiring an additional 487 shares during the last quarter. Arrow Investment Advisors LLC increased its stake in shares of Delek Logistics Partners by 23.4% in the 1st quarter. Arrow Investment Advisors LLC now owns 16,948 shares of the oil and gas producer’s stock worth $550,000 after acquiring an additional 3,211 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Delek Logistics Partners by 27.5% in the 4th quarter. Bank of America Corp DE now owns 45,201 shares of the oil and gas producer’s stock worth $1,322,000 after acquiring an additional 9,743 shares during the last quarter. 21.56% of the stock is owned by hedge funds and other institutional investors.

NYSE DKL traded up $0.27 during mid-day trading on Friday, hitting $32.71. The stock had a trading volume of 38,383 shares, compared to its average volume of 27,250. The stock’s 50 day moving average is $31.74. Delek Logistics Partners has a twelve month low of $27.01 and a twelve month high of $35.50. The company has a market capitalization of $814.64 million, a PE ratio of 12.34, a price-to-earnings-growth ratio of 5.99 and a beta of 1.02.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings data on Monday, May 6th. The oil and gas producer reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.08). Delek Logistics Partners had a net margin of 14.00% and a negative return on equity of 67.06%. The firm had revenue of $152.48 million during the quarter, compared to analyst estimates of $151.96 million. Equities analysts anticipate that Delek Logistics Partners will post 2.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Monday, August 5th will be paid a $0.85 dividend. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $0.82. This represents a $3.40 annualized dividend and a yield of 10.39%. The ex-dividend date is Friday, August 2nd. Delek Logistics Partners’s dividend payout ratio is currently 123.77%.

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.

Further Reading: Calculate Your Return on Investment (ROI)

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