Delek Logistics Partners, L.P. (DKL) Stock Rating Upgraded by Zacks Investment Research

Delek Logistics Partners, L.P. (NYSE:DKL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Delek Logistics Partners, LP owns, operates, acquires and constructs crude oil and refined products logistics and marketing assets. The company operates crude oil transportation pipelines, refined product pipelines, crude oil gathering system, and associated crude oil storage tanks. It also provides marketing services for refined products other than jet fuel and petroleum coke; and light products, operates light product terminals in Texas and Tennessee and offers terminalling services to independent third parties. Delek Logistics Partners, LP is headquartered in Brentwood, Tennessee. “

A number of other analysts have also commented on DKL. Scotiabank set a $33.00 price objective on shares of Delek Logistics Partners, L.P. and gave the company a “hold” rating in a research note on Saturday, July 22nd. BidaskClub lowered shares of Delek Logistics Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Barclays PLC reissued an “equal weight” rating and issued a $34.00 price target (down from $35.00) on shares of Delek Logistics Partners, L.P. in a research report on Friday, August 4th. Finally, ValuEngine lowered shares of Delek Logistics Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Delek Logistics Partners, L.P. has a consensus rating of “Hold” and an average price target of $32.50.

Delek Logistics Partners, L.P. (NYSE DKL) traded down $0.30 during mid-day trading on Tuesday, reaching $29.15. 24,300 shares of the company’s stock were exchanged, compared to its average volume of 37,561. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of -15.58. Delek Logistics Partners, L.P. has a 52 week low of $22.65 and a 52 week high of $36.05. The stock has a market capitalization of $732.07, a price-to-earnings ratio of 14.80, a PEG ratio of 2.78 and a beta of 1.29.

TRADEMARK VIOLATION WARNING: “Delek Logistics Partners, L.P. (DKL) Stock Rating Upgraded by Zacks Investment Research” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://sportsperspectives.com/2017/11/14/delek-logistics-partners-l-p-dkl-stock-rating-upgraded-by-zacks-investment-research.html.

In other Delek Logistics Partners, L.P. news, CEO Ezra Uzi Yemin acquired 7,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of $29.70 per share, with a total value of $207,900.00. Following the completion of the transaction, the chief executive officer now owns 219,418 shares in the company, valued at $6,516,714.60. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

A number of hedge funds have recently made changes to their positions in DKL. Morgan Stanley grew its holdings in Delek Logistics Partners, L.P. by 56.2% during the first quarter. Morgan Stanley now owns 218,785 shares of the oil and gas producer’s stock valued at $7,285,000 after purchasing an additional 78,749 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Delek Logistics Partners, L.P. by 11.5% during the first quarter. Renaissance Technologies LLC now owns 33,920 shares of the oil and gas producer’s stock valued at $1,130,000 after purchasing an additional 3,493 shares during the last quarter. Bank of Montreal Can acquired a new position in Delek Logistics Partners, L.P. during the second quarter valued at approximately $131,000. Taylor Wealth Management Partners grew its holdings in Delek Logistics Partners, L.P. by 14.5% during the second quarter. Taylor Wealth Management Partners now owns 32,340 shares of the oil and gas producer’s stock valued at $1,059,000 after purchasing an additional 4,090 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Delek Logistics Partners, L.P. by 0.5% during the second quarter. Parkside Financial Bank & Trust now owns 9,430 shares of the oil and gas producer’s stock valued at $309,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 28.73% of the company’s stock.

About Delek Logistics Partners, L.P.

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.

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

Latest News

Leave a Reply