Truist Financial Initiates Coverage on Delek Logistics Partners (NYSE:DKL)

Investment analysts at Truist Financial assumed coverage on shares of Delek Logistics Partners (NYSE:DKL) in a report issued on Friday, Briefing.com reports. The firm set a “buy” rating and a $46.00 price target on the oil and gas producer’s stock. Truist Financial’s target price indicates a potential upside of 21.05% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Raymond James raised Delek Logistics Partners from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Tuesday, March 19th. StockNews.com raised Delek Logistics Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.33.

Delek Logistics Partners Trading Up 0.8 %

Shares of Delek Logistics Partners stock opened at $38.00 on Friday. The stock has a fifty day simple moving average of $41.75 and a 200 day simple moving average of $44.28. Delek Logistics Partners has a 12-month low of $36.50 and a 12-month high of $58.81. The company has a market capitalization of $1.66 billion, a P/E ratio of 13.10 and a beta of 2.07.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Tuesday, February 27th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. Delek Logistics Partners had a negative return on equity of 102.99% and a net margin of 12.37%. The business had revenue of $254.15 million during the quarter, compared to the consensus estimate of $272.51 million. On average, analysts predict that Delek Logistics Partners will post 3.48 EPS for the current year.

Hedge Funds Weigh In On Delek Logistics Partners

Several institutional investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new position in shares of Delek Logistics Partners during the 1st quarter valued at about $66,000. GSA Capital Partners LLP increased its position in shares of Delek Logistics Partners by 30.8% during the 4th quarter. GSA Capital Partners LLP now owns 10,318 shares of the oil and gas producer’s stock valued at $445,000 after purchasing an additional 2,430 shares during the last quarter. Virtus ETF Advisers LLC increased its position in shares of Delek Logistics Partners by 38.9% during the 4th quarter. Virtus ETF Advisers LLC now owns 4,772 shares of the oil and gas producer’s stock valued at $206,000 after purchasing an additional 1,337 shares during the last quarter. Tortoise Index Solutions LLC increased its position in shares of Delek Logistics Partners by 12.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 11,527 shares of the oil and gas producer’s stock valued at $498,000 after purchasing an additional 1,316 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Delek Logistics Partners by 20.6% during the 4th quarter. First Trust Advisors LP now owns 94,133 shares of the oil and gas producer’s stock valued at $4,064,000 after acquiring an additional 16,081 shares during the period. 11.75% of the stock is currently owned by institutional investors.

Delek Logistics Partners Company Profile

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.