Shares of Delek Logistics Partners LP (NYSE:DKL) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $32.50.
Several brokerages recently issued reports on DKL. Zacks Investment Research lowered shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Wells Fargo lowered shares of Delek Logistics Partners from an “outperform” rating to a “market perform” rating in a report on Thursday, March 1st. Barclays lowered shares of Delek Logistics Partners from an “equal weight” rating to an “underweight” rating and set a $32.00 price target on the stock. in a report on Wednesday, January 17th. Finally, ValuEngine lowered shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.
In related news, CEO Ezra Uzi Yemin purchased 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were bought at an average cost of $29.94 per share, with a total value of $209,580.00. Following the acquisition, the chief executive officer now owns 228,070 shares of the company’s stock, valued at approximately $6,828,415.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP grew its holdings in Delek Logistics Partners by 14.2% during the 3rd quarter. GSA Capital Partners LLP now owns 31,719 shares of the oil and gas producer’s stock worth $991,000 after acquiring an additional 3,954 shares during the last quarter. HITE Hedge Asset Management LLC grew its holdings in Delek Logistics Partners by 1.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 326,092 shares of the oil and gas producer’s stock worth $10,190,000 after acquiring an additional 4,300 shares during the last quarter. Franklin Square Holdings L.P. grew its holdings in Delek Logistics Partners by 22.8% during the 4th quarter. Franklin Square Holdings L.P. now owns 23,600 shares of the oil and gas producer’s stock worth $748,000 after acquiring an additional 4,380 shares during the last quarter. Cohen & Steers Inc. grew its holdings in Delek Logistics Partners by 37.0% during the 3rd quarter. Cohen & Steers Inc. now owns 107,837 shares of the oil and gas producer’s stock worth $3,370,000 after acquiring an additional 29,112 shares during the last quarter. Finally, Institutional & Family Asset Management LLC bought a new stake in Delek Logistics Partners during the 3rd quarter worth approximately $558,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Delek Logistics Partners stock traded down $0.10 during midday trading on Monday, hitting $28.25. 33,719 shares of the company traded hands, compared to its average volume of 37,454. The firm has a market capitalization of $705.32, a PE ratio of 13.52, a price-to-earnings-growth ratio of 3.29 and a beta of 1.13. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of -14.46. Delek Logistics Partners has a 12 month low of $26.60 and a 12 month high of $35.54.
Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.09). The company had revenue of $151.21 million for the quarter, compared to the consensus estimate of $137.53 million. Delek Logistics Partners had a net margin of 12.90% and a negative return on equity of 292.19%. research analysts anticipate that Delek Logistics Partners will post 2.88 earnings per share for the current year.
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Delek Logistics Partners Company Profile
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.
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