Delek Logistics Partners LP (DKL) Downgraded to “Market Perform” at Wells Fargo & Co.
Other equities analysts also recently issued research reports about the company. Goldman Sachs Group Inc. raised Delek Logistics Partners from a neutral rating to a buy rating and set a $32.00 price objective on the stock in a research report on Tuesday, June 21st. Barclays PLC cut their price objective on Delek Logistics Partners from $32.00 to $30.00 and set an equal weight rating on the stock in a research report on Thursday, August 11th. Simmons reaffirmed a hold rating and issued a $31.00 price objective (down previously from $33.00) on shares of Delek Logistics Partners in a research report on Tuesday, June 21st. Finally, Zacks Investment Research raised Delek Logistics Partners from a sell rating to a hold rating in a research report on Tuesday, July 26th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $31.00.
Shares of Delek Logistics Partners (NYSE:DKL) traded down 0.0743% during midday trading on Monday, hitting $27.6894. 3,883 shares of the stock were exchanged. Delek Logistics Partners has a 52-week low of $21.84 and a 52-week high of $38.00. The firm’s 50 day moving average price is $27.78 and its 200-day moving average price is $27.98. The stock has a market cap of $672.91 million, a P/E ratio of 11.2376 and a beta of 1.34.
Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. On average, equities research analysts expect that Delek Logistics Partners will post $2.37 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. ING Groep NV bought a new stake in shares of Delek Logistics Partners during the first quarter worth $1,148,000. TPH Asset Management LLC increased its stake in shares of Delek Logistics Partners by 144.9% in the first quarter. TPH Asset Management LLC now owns 324,230 shares of the company’s stock worth $9,522,000 after buying an additional 191,848 shares during the last quarter. Creative Planning increased its stake in shares of Delek Logistics Partners by 797.0% in the second quarter. Creative Planning now owns 4,485 shares of the company’s stock worth $120,000 after buying an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC increased its stake in shares of Delek Logistics Partners by 142.9% in the second quarter. HITE Hedge Asset Management LLC now owns 36,683 shares of the company’s stock worth $980,000 after buying an additional 21,579 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Delek Logistics Partners during the second quarter worth $4,317,000.
About Delek Logistics Partners
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.
Receive News & Stock Ratings for Delek Logistics Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek Logistics Partners LP and related stocks with our FREE daily email newsletter.