Delek Logistics Partners, LP (NYSE:DKL) Given Average Recommendation of “Hold” by Brokerages

Shares of Delek Logistics Partners, LP (NYSE:DKL) have been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $26.00.

Several research analysts have recently commented on DKL shares. Zacks Investment Research lowered Delek Logistics Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 5th. Credit Suisse Group cut their target price on Delek Logistics Partners from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 11th. Finally, BidaskClub raised Delek Logistics Partners from a “hold” rating to a “buy” rating in a research note on Saturday, December 12th.

In other news, Director Francis C. D’andrea sold 914 shares of the firm’s stock in a transaction on Friday, December 11th. The shares were sold at an average price of $30.90, for a total value of $28,242.60. Following the sale, the director now owns 12,505 shares in the company, valued at $386,404.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in shares of Delek Logistics Partners by 6.6% in the first quarter. First Trust Advisors LP now owns 174,616 shares of the oil and gas producer’s stock valued at $5,663,000 after buying an additional 10,804 shares during the last quarter. Morgan Stanley grew its position in shares of Delek Logistics Partners by 192.4% in the 1st quarter. Morgan Stanley now owns 240,976 shares of the oil and gas producer’s stock valued at $2,193,000 after purchasing an additional 158,557 shares during the period. California Public Employees Retirement System grew its position in shares of Delek Logistics Partners by 34.7% in the 2nd quarter. California Public Employees Retirement System now owns 19,420 shares of the oil and gas producer’s stock valued at $445,000 after purchasing an additional 5,000 shares during the period. FMR LLC boosted its position in Delek Logistics Partners by 30.7% during the 2nd quarter. FMR LLC now owns 105,100 shares of the oil and gas producer’s stock worth $2,410,000 after acquiring an additional 24,700 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Delek Logistics Partners during the 2nd quarter worth approximately $2,205,000. Institutional investors and hedge funds own 12.78% of the company’s stock.

Shares of DKL traded down $0.44 during trading hours on Wednesday, reaching $35.09. 33,941 shares of the company traded hands, compared to its average volume of 66,093. The stock has a fifty day simple moving average of $31.05 and a 200 day simple moving average of $29.21. Delek Logistics Partners has a fifty-two week low of $5.51 and a fifty-two week high of $35.88. The stock has a market capitalization of $1.05 billion, a PE ratio of 9.43 and a beta of 2.97.

Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings data on Wednesday, November 4th. The oil and gas producer reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.34. The company had revenue of $142.27 million for the quarter, compared to the consensus estimate of $125.42 million. Delek Logistics Partners had a negative return on equity of 135.52% and a net margin of 23.23%. On average, equities analysts forecast that Delek Logistics Partners will post 4.25 EPS for the current fiscal year.

Delek Logistics Partners Company Profile

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 includes pipelines, trucks, and ancillary assets that provide crude oil gathering, crude oil intermediate and finished products transportation, and storage services primarily in support of the Tyler, El Dorado, and Big Spring refineries, as well as offers crude oil and other products transportation services to third parties.

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