Delek Logistics Partners, L.P. (NYSE:DKL) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $31.00.

DKL has been the subject of a number of research analyst reports. Wells Fargo & Company downgraded shares of Delek Logistics Partners, L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, October 3rd. Zacks Investment Research upgraded shares of Delek Logistics Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research report on Tuesday, October 4th.

Delek Logistics Partners, L.P. (NYSE:DKL) opened at 33.50 on Monday. The firm has a 50-day moving average of $28.94 and a 200-day moving average of $26.89. Delek Logistics Partners, L.P. has a 52-week low of $21.30 and a 52-week high of $34.85. The stock has a market capitalization of $814.18 million, a PE ratio of 15.49 and a beta of 1.37.

Delek Logistics Partners, L.P. (NYSE:DKL) last released its earnings results on Monday, October 31st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by $0.14. Delek Logistics Partners, L.P. had a negative return on equity of 554.90% and a net margin of 14.52%. The company earned $107.50 million during the quarter, compared to analysts’ expectations of $108.61 million. During the same quarter in the previous year, the company earned $0.70 EPS. The firm’s quarterly revenue was down 34.9% compared to the same quarter last year. On average, equities analysts expect that Delek Logistics Partners, L.P. will post $2.08 EPS for the current year.

In other Delek Logistics Partners, L.P. news, major shareholder Delek Us Holdings, Inc. purchased 3,800 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were acquired at an average price of $29.70 per share, for a total transaction of $112,860.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of DKL. Creative Planning raised its position in Delek Logistics Partners, L.P. 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 raised its position in Delek Logistics Partners, L.P. 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. First Trust Advisors LP purchased a new position in Delek Logistics Partners, L.P. during the second quarter worth about $4,317,000. Homrich & Berg raised its position in Delek Logistics Partners, L.P. by 5.3% in the second quarter. Homrich & Berg now owns 42,338 shares of the company’s stock worth $1,131,000 after buying an additional 2,145 shares during the last quarter. Finally, PEAK6 Investments L.P. purchased a new position in Delek Logistics Partners, L.P. during the second quarter worth about $211,000. Institutional investors and hedge funds own 30.00% of the company’s stock.

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About Delek Logistics Partners, L.P.

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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