Delek Logistics Partners, L.P. (DKL) Upgraded at ValuEngine

ValuEngine upgraded shares of Delek Logistics Partners, L.P. (NYSE:DKL) from a hold rating to a buy rating in a research report report published on Friday.

A number of other equities analysts have also recently commented on DKL. Barclays PLC reiterated an equal weight rating and set a $33.00 price target on shares of Delek Logistics Partners, L.P. in a report on Wednesday, July 5th. BidaskClub upgraded Delek Logistics Partners, L.P. from a hold rating to a buy rating in a report on Thursday, July 13th. Scotiabank set a $33.00 price target on Delek Logistics Partners, L.P. and gave the stock a hold rating in a report on Saturday, July 22nd. Finally, Zacks Investment Research cut Delek Logistics Partners, L.P. from a buy rating to a hold rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $33.50.

Shares of Delek Logistics Partners, L.P. (DKL) opened at 30.70 on Friday. The company’s 50-day moving average price is $30.20 and its 200 day moving average price is $31.41. Delek Logistics Partners, L.P. has a 52 week low of $21.30 and a 52 week high of $36.05. The company has a market cap of $747.88 million, a P/E ratio of 16.18 and a beta of 1.30.

Delek Logistics Partners, L.P. (NYSE:DKL) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). Delek Logistics Partners, L.P. had a negative return on equity of 368.38% and a net margin of 12.70%. The business had revenue of $126.80 million for the quarter, compared to the consensus estimate of $140.00 million. During the same quarter in the previous year, the business posted $0.66 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Delek Logistics Partners, L.P. will post $2.33 EPS for the current fiscal year.

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In other news, CEO Ezra Uzi Yemin acquired 3,500 shares of Delek Logistics Partners, L.P. stock in a transaction dated Tuesday, September 12th. The stock was bought at an average price of $29.00 per share, for a total transaction of $101,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several large investors have recently modified their holdings of DKL. Bank of Montreal Can bought a new stake in shares of Delek Logistics Partners, L.P. during the second quarter worth approximately $131,000. Sei Investments Co. bought a new stake in shares of Delek Logistics Partners, L.P. in the second quarter valued at approximately $223,000. Parkside Financial Bank & Trust boosted its stake in shares of Delek Logistics Partners, L.P. by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 9,430 shares of the oil and gas producer’s stock valued at $309,000 after buying an additional 45 shares during the period. Jane Street Group LLC bought a new stake in shares of Delek Logistics Partners, L.P. in the first quarter valued at approximately $313,000. Finally, California Public Employees Retirement System boosted its stake in shares of Delek Logistics Partners, L.P. by 18.2% in the second 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 period. Institutional investors own 28.78% of the company’s stock.

Delek Logistics Partners, L.P. Company 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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