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Delek Logistics Partners (NYSE:DKL) Earns "Hold (C+)" Rating from Weiss Ratings

Delek Logistics Partners logo with Energy background

Key Points

  • Delek Logistics Partners has received a "Hold (C+)" rating from Weiss Ratings, with a consensus price target of $44.25.
  • Following their latest quarterly earnings report, which exceeded EPS expectations, the company reported a revenue of $246.35 million, falling short of estimates.
  • Insider transactions showed a significant sale by Director Charles J. Brown III, reducing his ownership, while institutional investors own approximately 11.75% of the company’s stock.
  • Five stocks to consider instead of Delek Logistics Partners.

Delek Logistics Partners (NYSE:DKL - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Mizuho boosted their target price on shares of Delek Logistics Partners from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $44.25.

Check Out Our Latest Research Report on DKL

Delek Logistics Partners Stock Performance

Shares of NYSE DKL remained flat at $44.98 during midday trading on Wednesday. 37,178 shares of the stock were exchanged, compared to its average volume of 51,793. The stock has a market capitalization of $2.40 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.01 and a beta of 0.59. Delek Logistics Partners has a 1-year low of $34.59 and a 1-year high of $48.00. The company has a debt-to-equity ratio of 69.13, a current ratio of 0.93 and a quick ratio of 0.89. The stock's 50-day simple moving average is $44.32 and its 200 day simple moving average is $42.50.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. Delek Logistics Partners had a net margin of 16.58% and a return on equity of 1,224.47%. The business had revenue of $246.35 million during the quarter, compared to the consensus estimate of $289.07 million. On average, analysts forecast that Delek Logistics Partners will post 3.01 earnings per share for the current year.

Insider Transactions at Delek Logistics Partners

In other Delek Logistics Partners news, Director Charles J. Brown III sold 1,134 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $42.91, for a total transaction of $48,659.94. Following the sale, the director directly owned 17,971 shares of the company's stock, valued at approximately $771,135.61. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,384 shares of company stock valued at $104,910 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Delek Logistics Partners

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its position in shares of Delek Logistics Partners by 303.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer's stock valued at $52,000 after purchasing an additional 910 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of Delek Logistics Partners by 11.0% in the first quarter. Focus Financial Network Inc. now owns 11,276 shares of the oil and gas producer's stock worth $488,000 after purchasing an additional 1,116 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Delek Logistics Partners in the second quarter worth approximately $50,000. SVB Wealth LLC bought a new position in Delek Logistics Partners during the first quarter valued at approximately $53,000. Finally, LPL Financial LLC raised its position in Delek Logistics Partners by 2.9% during the first quarter. LPL Financial LLC now owns 45,721 shares of the oil and gas producer's stock valued at $1,978,000 after acquiring an additional 1,274 shares in the last quarter. Institutional investors and hedge funds own 11.75% of the company's stock.

Delek Logistics Partners Company Profile

(Get Free Report)

Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The Gathering and Processing segment consists of pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties.

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Analyst Recommendations for Delek Logistics Partners (NYSE:DKL)

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