Wasatch Advisors Inc. Reduces Stake in Delek Logistics Partners LP (DKL)

Wasatch Advisors Inc. decreased its holdings in shares of Delek Logistics Partners LP (NYSE:DKL) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,968 shares of the oil and gas producer’s stock after selling 21,853 shares during the quarter. Wasatch Advisors Inc.’s holdings in Delek Logistics Partners were worth $4,627,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in shares of Delek Logistics Partners 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 purchasing an additional 1,800 shares during the period. Institutional & Family Asset Management LLC purchased a new stake in shares of Delek Logistics Partners in the third quarter valued at about $558,000. Wells Fargo & Company MN grew its holdings in shares of Delek Logistics Partners by 31.0% in the second quarter. Wells Fargo & Company MN now owns 24,929 shares of the oil and gas producer’s stock valued at $817,000 after purchasing an additional 5,900 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Delek Logistics Partners by 53.4% in the second quarter. GSA Capital Partners LLP now owns 27,765 shares of the oil and gas producer’s stock valued at $909,000 after purchasing an additional 9,665 shares during the period. Finally, Cohen & Steers Inc. grew its holdings in shares of Delek Logistics Partners by 37.0% in the third quarter. Cohen & Steers Inc. now owns 107,837 shares of the oil and gas producer’s stock valued at $3,370,000 after purchasing an additional 29,112 shares during the period. 25.09% of the stock is owned by institutional investors and hedge funds.

Shares of Delek Logistics Partners LP (DKL) opened at $31.75 on Friday. The company has a debt-to-equity ratio of -15.58, a current ratio of 1.19 and a quick ratio of 0.92. Delek Logistics Partners LP has a 1-year low of $26.80 and a 1-year high of $36.05. The stock has a market cap of $807.89, a PE ratio of 15.95, a P/E/G ratio of 2.20 and a beta of 1.26.

Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). Delek Logistics Partners had a negative return on equity of 332.86% and a net margin of 12.86%. research analysts expect that Delek Logistics Partners LP will post 2.13 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday. Barclays lowered shares of Delek Logistics Partners from an “equal weight” rating to an “underweight” rating and set a $32.00 price objective for the company. in a report on Wednesday. Finally, ValuEngine raised shares of Delek Logistics Partners from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.67.

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Delek Logistics Partners 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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Institutional Ownership by Quarter for Delek Logistics Partners (NYSE:DKL)

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