Delek Logistics Partners’ (DKL) “Sell” Rating Reaffirmed at Wells Fargo & Co

Delek Logistics Partners (NYSE:DKL)‘s stock had its “sell” rating reissued by Wells Fargo & Co in a research note issued to investors on Wednesday, AnalystRatings.com reports.

Several other equities research analysts have also recently commented on DKL. ValuEngine raised shares of Delek Logistics Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised shares of Delek Logistics Partners from a “sell” rating to a “hold” rating in a research report on Tuesday.

Delek Logistics Partners stock traded down $3.54 during trading hours on Wednesday, reaching $23.26. The stock had a trading volume of 234,100 shares, compared to its average volume of 42,876. The stock has a market cap of $729.26 million, a PE ratio of 8.71, a PEG ratio of 3.75 and a beta of 0.98. Delek Logistics Partners has a 52 week low of $23.00 and a 52 week high of $34.12. The company has a fifty day simple moving average of $31.28 and a 200-day simple moving average of $31.36.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). Delek Logistics Partners had a negative return on equity of 62.69% and a net margin of 14.60%. The firm had revenue of $138.61 million during the quarter, compared to the consensus estimate of $139.40 million. Research analysts predict that Delek Logistics Partners will post 2.81 EPS for the current year.

In other news, Director Francis C. D’andrea sold 809 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $32.06, for a total value of $25,936.54. Following the completion of the sale, the director now directly owns 10,575 shares of the company’s stock, valued at approximately $339,034.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Several large investors have recently bought and sold shares of DKL. Arrow Investment Advisors LLC lifted its position in Delek Logistics Partners by 14.6% during the 3rd quarter. Arrow Investment Advisors LLC now owns 14,039 shares of the oil and gas producer’s stock valued at $439,000 after acquiring an additional 1,789 shares during the period. Advisor Group Inc. lifted its position in Delek Logistics Partners by 386.5% during the 4th quarter. Advisor Group Inc. now owns 2,525 shares of the oil and gas producer’s stock valued at $81,000 after acquiring an additional 2,006 shares during the period. Sunbelt Securities Inc. purchased a new position in Delek Logistics Partners during the 4th quarter valued at about $22,372,000. California Public Employees Retirement System lifted its position in Delek Logistics Partners by 27.4% during the 4th quarter. California Public Employees Retirement System now owns 14,420 shares of the oil and gas producer’s stock valued at $461,000 after acquiring an additional 3,100 shares during the period. Finally, Raymond James & Associates lifted its position in Delek Logistics Partners by 16.9% during the 4th quarter. Raymond James & Associates now owns 22,201 shares of the oil and gas producer’s stock valued at $710,000 after acquiring an additional 3,209 shares during the period. 21.81% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: Why does a company issue an IPO?

Receive News & Ratings for Delek Logistics Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek Logistics Partners and related companies with MarketBeat.com's FREE daily email newsletter.