Delek Logistics Partners (NYSE:DKL) Raised to "Hold" at Mizuho

Delek Logistics Partners (NYSE:DKL - Get Free Report) was upgraded by Mizuho to a "hold" rating in a report released on Thursday,Zacks.com reports.

Separately, Wall Street Zen lowered shares of Delek Logistics Partners from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Delek Logistics Partners presently has an average rating of "Hold" and a consensus target price of $44.25.

Delek Logistics Partners Trading Up 0.3%

DKL traded up $0.12 during midday trading on Thursday, reaching $43.01. 53,054 shares of the company's stock traded hands, compared to its average volume of 163,077. Delek Logistics Partners has a 52 week low of $34.59 and a 52 week high of $45.71. The company has a debt-to-equity ratio of 22.02, a current ratio of 1.61 and a quick ratio of 1.52. The firm has a fifty day moving average of $40.96 and a two-hundred day moving average of $41.32. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.96 and a beta of 0.76.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.73 EPS for the quarter, hitting analysts' consensus estimates of $0.73. The company had revenue of $249.93 million during the quarter, compared to analyst estimates of $237.17 million. Delek Logistics Partners had a negative return on equity of 1,782.51% and a net margin of 15.88%. On average, equities analysts anticipate that Delek Logistics Partners will post 3.01 earnings per share for the current fiscal year.

Institutional Trading of Delek Logistics Partners

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in Delek Logistics Partners by 303.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer's stock worth $52,000 after acquiring an additional 910 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Delek Logistics Partners during the first quarter valued at approximately $53,000. GeoWealth Management LLC bought a new stake in shares of Delek Logistics Partners in the 4th quarter worth approximately $206,000. MGO One Seven LLC purchased a new stake in shares of Delek Logistics Partners in the 4th quarter worth approximately $206,000. Finally, Stifel Financial Corp grew its stake in shares of Delek Logistics Partners by 7.5% in the 4th quarter. Stifel Financial Corp now owns 5,076 shares of the oil and gas producer's stock worth $215,000 after buying an additional 355 shares during the last quarter. 11.75% of the stock is owned by hedge funds and other institutional investors.

Delek Logistics Partners Company Profile

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.