Institutional & Family Asset Management LLC acquired a new stake in Delek Logistics Partners LP (NYSE:DKL) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,850 shares of the oil and gas producer’s stock, valued at approximately $558,000. Institutional & Family Asset Management LLC owned about 0.07% of Delek Logistics Partners at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can bought a new position in Delek Logistics Partners in the 2nd quarter valued at approximately $131,000. Sei Investments Co. bought a new position in Delek Logistics Partners in the 2nd quarter valued at approximately $223,000. California Public Employees Retirement System raised its holdings in Delek Logistics Partners by 18.2% in the 2nd quarter. California Public Employees Retirement System now owns 11,700 shares of the oil and gas producer’s stock valued at $383,000 after buying an additional 1,800 shares during the last quarter. Arrow Investment Advisors LLC bought a new position in Delek Logistics Partners in the 2nd quarter valued at approximately $714,000. Finally, Wells Fargo & Company MN raised its holdings in Delek Logistics Partners by 31.0% in the 2nd quarter. Wells Fargo & Company MN now owns 24,929 shares of the oil and gas producer’s stock valued at $817,000 after buying an additional 5,900 shares during the last quarter. Institutional investors and hedge funds own 25.09% of the company’s stock.

A number of research analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Delek Logistics Partners from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Delek Logistics Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, ValuEngine upgraded shares of Delek Logistics Partners from a “hold” rating to a “buy” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.50.

Shares of Delek Logistics Partners LP (DKL) opened at $30.60 on Friday. The firm has a market cap of $771.84, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 2.92 and a beta of 1.26. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of -15.58. Delek Logistics Partners LP has a 52-week low of $26.80 and a 52-week high of $36.05.

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Delek Logistics Partners 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.

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

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