According to Zacks, “Delek Logistics Partners, LP owns, operates, acquires and constructs crude oil and refined products logistics and marketing assets. The company operates crude oil transportation pipelines, refined product pipelines, crude oil gathering system, and associated crude oil storage tanks. It also provides marketing services for refined products other than jet fuel and petroleum coke; and light products, operates light product terminals in Texas and Tennessee and offers terminalling services to independent third parties. Delek Logistics Partners, LP is headquartered in Brentwood, Tennessee. “
Other equities analysts have also issued reports about the stock. Barclays PLC cut their price objective on shares of Delek Logistics Partners from $32.00 to $30.00 and set an equal weight rating on the stock in a report on Thursday, August 11th. Simmons reissued a hold rating and set a $31.00 price objective (down from $33.00) on shares of Delek Logistics Partners in a report on Tuesday, June 21st. Goldman Sachs Group Inc. raised shares of Delek Logistics Partners from a neutral rating to a buy rating and set a $32.00 price objective on the stock in a report on Tuesday, June 21st. Finally, Wells Fargo & Co. lowered shares of Delek Logistics Partners from an outperform rating to a market perform rating in a report on Monday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $31.00.
Delek Logistics Partners (NYSE:DKL) traded up 0.11% on Wednesday, hitting $26.51. The stock had a trading volume of 3,947 shares. The company’s 50 day moving average price is $27.69 and its 200 day moving average price is $27.95. Delek Logistics Partners has a 52-week low of $21.84 and a 52-week high of $38.00. The firm has a market cap of $644.25 million, a price-to-earnings ratio of 10.76 and a beta of 1.34.
Delek Logistics Partners (NYSE:DKL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. Analysts expect that Delek Logistics Partners will post $2.37 EPS for the current year.
A number of large investors have recently made changes to their positions in DKL. HITE Hedge Asset Management LLC increased its stake in 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 valued at $980,000 after buying an additional 21,579 shares during the last quarter. TPH Asset Management LLC increased its stake in Delek Logistics Partners by 144.9% in the first quarter. TPH Asset Management LLC now owns 324,230 shares of the company’s stock valued at $9,522,000 after buying an additional 191,848 shares during the last quarter. First Trust Advisors LP bought a new stake in Delek Logistics Partners during the second quarter valued at approximately $4,317,000. ING Groep NV bought a new stake in Delek Logistics Partners during the first quarter valued at approximately $1,148,000. Finally, Global X Management Co. LLC increased its stake in Delek Logistics Partners by 17.9% in the second quarter. Global X Management Co. LLC now owns 220,344 shares of the company’s stock valued at $5,885,000 after buying an additional 33,516 shares during the last quarter.
Delek Logistics Partners 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.
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