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. “
A number of other research firms also recently issued reports on DKL. Barclays PLC reiterated an equal weight rating and set a $32.00 price target on shares of Delek Logistics Partners in a research note on Thursday, July 7th. Simmons reiterated a hold rating and set a $31.00 price target (down previously from $33.00) on shares of Delek Logistics Partners in a research note on Tuesday, June 21st. Wells Fargo & Co. downgraded Delek Logistics Partners from an outperform rating to a market perform rating in a research note on Monday, October 3rd. Finally, Goldman Sachs Group Inc. upgraded Delek Logistics Partners from a neutral rating to a buy rating and set a $32.00 price target for the company in a research note on Tuesday, June 21st. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $31.00.
Shares of Delek Logistics Partners (NYSE:DKL) opened at 26.59 on Wednesday. The firm has a 50-day moving average price of $27.49 and a 200 day moving average price of $27.84. Delek Logistics Partners has a 1-year low of $21.84 and a 1-year high of $38.00. The company has a market cap of $646.19 million, a price-to-earnings ratio of 10.79 and a beta of 1.34.
Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. On average, analysts predict that Delek Logistics Partners will post $2.37 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in DKL. Creative Planning increased its position in shares of 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 during the last quarter. PEAK6 Investments L.P. acquired a new position in shares of Delek Logistics Partners during the second quarter worth $211,000. HITE Hedge Asset Management LLC increased its position in shares of 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 during the last quarter. Homrich & Berg increased its position in shares of 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 during the last quarter. Finally, ING Groep NV acquired a new position in shares of Delek Logistics Partners during the first quarter worth $1,148,000.
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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