Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Delek Logistics Partners from a sell rating to a hold rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. upgraded Delek Logistics Partners from a neutral rating to a buy rating and set a $32.00 target price on the stock in a research report on Tuesday, June 21st. Barclays PLC reduced their target price 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. Finally, Simmons restated a hold rating and issued a $31.00 target price (down previously from $33.00) on shares of Delek Logistics Partners in a research report on Tuesday, June 21st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $31.00.
Shares of Delek Logistics Partners (NYSE:DKL) traded down 0.0743% during midday trading on Monday, reaching $27.6894. The company had a trading volume of 3,883 shares. Delek Logistics Partners has a 52 week low of $21.84 and a 52 week high of $38.00. The company has a market capitalization of $672.91 million, a P/E ratio of 11.2376 and a beta of 1.34. The company’s 50 day moving average price is $27.78 and its 200-day moving average price is $27.98.
Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. On average, equities research analysts predict that Delek Logistics Partners will post $2.37 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Homrich & Berg increased its stake in Delek Logistics Partners 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 in the last quarter. Creative Planning increased its stake in 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 in the last quarter. PEAK6 Investments L.P. acquired a new stake in Delek Logistics Partners during the second quarter worth approximately $211,000. Cbre Clarion Securities LLC increased its stake in Delek Logistics Partners by 7.8% in the second quarter. Cbre Clarion Securities LLC now owns 135,915 shares of the company’s stock worth $3,630,000 after buying an additional 9,827 shares in the last quarter. Finally, 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 worth $980,000 after buying an additional 21,579 shares in 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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