First Republic Investment Management Inc. purchased a new stake in shares of Delek Logistics Partners LP (NYSE:DKL) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 9,777 shares of the oil and gas producer’s stock, valued at approximately $270,000.

Several other hedge funds have also added to or reduced their stakes in DKL. Guggenheim Capital LLC raised its stake in shares of Delek Logistics Partners by 33.6% during the first quarter. Guggenheim Capital LLC now owns 16,298 shares of the oil and gas producer’s stock valued at $462,000 after acquiring an additional 4,098 shares during the last quarter. Franklin Square Holdings L.P. raised its stake in shares of Delek Logistics Partners by 9.6% during the first quarter. Franklin Square Holdings L.P. now owns 25,860 shares of the oil and gas producer’s stock valued at $733,000 after acquiring an additional 2,260 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Delek Logistics Partners during the second quarter valued at $843,000. 22.63% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Delek Logistics Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 12th. Zacks Investment Research downgraded shares of Delek Logistics Partners from a “buy” rating to a “sell” rating in a research note on Monday, August 13th.

Shares of NYSE DKL opened at $33.90 on Friday. Delek Logistics Partners LP has a twelve month low of $26.50 and a twelve month high of $35.50. The firm has a market cap of $848.82 million, a P/E ratio of 16.48 and a beta of 1.19. The company has a quick ratio of 1.77, a current ratio of 2.37 and a debt-to-equity ratio of -5.72.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Tuesday, August 7th. The oil and gas producer reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). Delek Logistics Partners had a negative return on equity of 103.52% and a net margin of 13.22%. The firm had revenue of $166.28 million for the quarter, compared to the consensus estimate of $189.86 million. research analysts predict that Delek Logistics Partners LP will post 2.97 EPS for the current fiscal year.

Delek Logistics Partners 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 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.

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Institutional Ownership by Quarter for Delek Logistics Partners (NYSE:DKL)

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