Delek Logistics Partners (NYSE:DKL) Stock Rating Upgraded by Mizuho

Delek Logistics Partners (NYSE:DKL - Get Free Report) was upgraded by research analysts at Mizuho to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Wall Street Zen cut shares of Delek Logistics Partners from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two equities 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $44.25.

Delek Logistics Partners Stock Down 0.3%

Shares of NYSE DKL traded down $0.12 during midday trading on Thursday, reaching $42.95. 50,054 shares of the company's stock traded hands, compared to its average volume of 163,347. The company has a quick ratio of 1.52, a current ratio of 1.61 and a debt-to-equity ratio of 22.02. The stock's 50 day simple moving average is $41.21 and its 200-day simple moving average is $41.40. Delek Logistics Partners has a one year low of $34.59 and a one year high of $45.71. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 0.98 and a beta of 0.76.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKL. Cetera Investment Advisers raised its position in shares of Delek Logistics Partners by 31.8% in the fourth quarter. Cetera Investment Advisers now owns 25,401 shares of the oil and gas producer's stock worth $1,073,000 after acquiring an additional 6,125 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Delek Logistics Partners during the 4th quarter worth about $6,050,000. LPL Financial LLC raised its position in shares of Delek Logistics Partners by 35.3% during the 4th quarter. LPL Financial LLC now owns 44,447 shares of the oil and gas producer's stock worth $1,878,000 after purchasing an additional 11,599 shares during the last quarter. Adams Asset Advisors LLC raised its position in shares of Delek Logistics Partners by 11.8% during the 1st quarter. Adams Asset Advisors LLC now owns 67,293 shares of the oil and gas producer's stock worth $2,911,000 after purchasing an additional 7,106 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Delek Logistics Partners during the 4th quarter worth about $2,254,000. Hedge funds and other institutional investors own 11.75% of the company's stock.

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.