Delek Logistics Partners LP (DKL) Given Average Recommendation of “Hold” by Analysts

Shares of Delek Logistics Partners LP (NYSE:DKL) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.50.

Several research firms have weighed in on DKL. Barclays cut Delek Logistics Partners from an “equal weight” rating to an “underweight” rating and set a $32.00 price objective on the stock. in a research report on Wednesday, January 17th. Wells Fargo cut Delek Logistics Partners from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 1st. ValuEngine cut Delek Logistics Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut Delek Logistics Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th.

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In other Delek Logistics Partners news, CEO Ezra Uzi Yemin bought 7,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average cost of $29.94 per share, for a total transaction of $209,580.00. Following the completion of the acquisition, the chief executive officer now owns 228,070 shares of the company’s stock, valued at $6,828,415.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its holdings in shares of Delek Logistics Partners by 14.2% during the third quarter. GSA Capital Partners LLP now owns 31,719 shares of the oil and gas producer’s stock valued at $991,000 after purchasing an additional 3,954 shares during the last quarter. HITE Hedge Asset Management LLC lifted its holdings in shares of Delek Logistics Partners by 1.3% during the third quarter. HITE Hedge Asset Management LLC now owns 326,092 shares of the oil and gas producer’s stock valued at $10,190,000 after purchasing an additional 4,300 shares during the last quarter. Franklin Square Holdings L.P. lifted its holdings in shares of Delek Logistics Partners by 22.8% during the fourth quarter. Franklin Square Holdings L.P. now owns 23,600 shares of the oil and gas producer’s stock valued at $748,000 after purchasing an additional 4,380 shares during the last quarter. Institutional & Family Asset Management LLC purchased a new position in shares of Delek Logistics Partners during the third quarter valued at approximately $558,000. Finally, Meitav Dash Investments Ltd. purchased a new position in shares of Delek Logistics Partners during the fourth quarter valued at approximately $591,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Shares of Delek Logistics Partners (DKL) opened at $27.20 on Monday. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of -14.46. The firm has a market capitalization of $676.71, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 3.15 and a beta of 1.11. Delek Logistics Partners has a 12-month low of $26.80 and a 12-month high of $35.54.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.09). The firm had revenue of $151.21 million for the quarter, compared to the consensus estimate of $137.53 million. Delek Logistics Partners had a net margin of 12.90% and a negative return on equity of 292.19%. equities research analysts anticipate that Delek Logistics Partners will post 2.88 earnings per share for the current year.

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About Delek Logistics Partners

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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