Delek Logistics Partners LP (NYSE:DKL) dropped 5.3% during trading on Thursday . The company traded as low as $26.21 and last traded at $26.28, with a volume of 50,895 shares changing hands. The stock had previously closed at $27.74.

DKL has been the subject of a number of research reports. Goldman Sachs Group Inc. raised Delek Logistics Partners from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, June 21st. Simmons reissued a “buy” rating and issued a $38.00 price objective on shares of Delek Logistics Partners in a research note on Friday, April 1st. Barclays PLC initiated coverage on Delek Logistics Partners in a research note on Wednesday, April 13th. They issued an “equal weight” rating and a $36.00 price objective for the company. Zacks Investment Research raised Delek Logistics Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, May 9th. Finally, Piper Jaffray Cos. cut Delek Logistics Partners from an “overweight” rating to a “neutral” rating in a research note on Monday, May 9th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.25.

The firm’s 50-day moving average price is $26.22 and its 200-day moving average price is $28.51. The company has a market cap of $637.97 million and a P/E ratio of 10.47.

Delek Logistics Partners (NYSE:DKL) last released its earnings results on Thursday, May 5th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.04. The firm earned $104.40 million during the quarter, compared to the consensus estimate of $122.18 million. During the same period in the previous year, the business posted $0.56 earnings per share. The company’s revenue was down 27.3% compared to the same quarter last year. Equities research analysts forecast that Delek Logistics Partners LP will post $2.26 EPS for the current fiscal year.

In other news, EVP Kent B. Thomas sold 2,500 shares of the business’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $33.00, for a total value of $82,500.00. Following the completion of the sale, the executive vice president now owns 12,604 shares of the company’s stock, valued at approximately $415,932. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

A hedge fund recently raised its stake in Delek Logistics Partners stock. GSA Capital Partners LLP increased its position in shares of Delek Logistics Partners LP (NYSE:DKL) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,257 shares of the company’s stock after buying an additional 32,903 shares during the period. GSA Capital Partners LLP owned about 0.53% of Delek Logistics Partners worth $4,577,000 as of its most recent filing with the SEC.

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.

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