Delek Logistics Partners (DKL) Stock Rating Lowered by ValuEngine

Delek Logistics Partners (NYSE:DKL) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, October 9th. Credit Suisse Group lifted their price target on Delek Logistics Partners from $31.00 to $33.00 and gave the company a “sell” rating in a report on Wednesday, November 14th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock currently has an average rating of “Sell” and an average target price of $34.33.

DKL traded down $0.79 during midday trading on Friday, hitting $28.54. The company’s stock had a trading volume of 27,446 shares, compared to its average volume of 36,810. The stock has a market capitalization of $730.08 million, a price-to-earnings ratio of 13.66 and a beta of 1.20. Delek Logistics Partners has a 52-week low of $26.50 and a 52-week high of $35.50.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings results on Tuesday, November 6th. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.16). The business had revenue of $164.11 million during the quarter, compared to analysts’ expectations of $214.10 million. Delek Logistics Partners had a net margin of 13.52% and a negative return on equity of 83.79%. Equities research analysts predict that Delek Logistics Partners will post 2.86 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC purchased a new stake in Delek Logistics Partners in the 3rd quarter valued at about $217,000. First Republic Investment Management Inc. purchased a new stake in shares of Delek Logistics Partners during the 2nd quarter worth about $270,000. California Public Employees Retirement System grew its holdings in shares of Delek Logistics Partners by 15.9% during the 2nd quarter. California Public Employees Retirement System now owns 15,485 shares of the oil and gas producer’s stock worth $428,000 after purchasing an additional 2,122 shares during the period. Guggenheim Capital LLC grew its holdings in shares of Delek Logistics Partners by 33.6% during the 1st quarter. Guggenheim Capital LLC now owns 16,298 shares of the oil and gas producer’s stock worth $462,000 after purchasing an additional 4,098 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of Delek Logistics Partners during the 3rd quarter worth about $670,000. Institutional investors own 25.38% of the company’s stock.

About Delek Logistics Partners

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.

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