Delek Logistics Partners LP (NYSE:DKL) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $30.99 and traded as high as $31.50. Delek Logistics Partners shares last traded at $31.50, with a volume of 335 shares trading hands.
Separately, Zacks Investment Research raised shares of Delek Logistics Partners from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, February 26th.
The business has a 50 day moving average of $30.99. The stock has a market capitalization of $777.19 million, a PE ratio of 11.89, a price-to-earnings-growth ratio of 5.65 and a beta of 1.04.
Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings data on Monday, May 6th. The oil and gas producer reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The firm had revenue of $152.48 million during the quarter, compared to analyst estimates of $151.96 million. Delek Logistics Partners had a negative return on equity of 67.06% and a net margin of 14.00%. Research analysts predict that Delek Logistics Partners LP will post 2.74 earnings per share for the current year.
In other news, Director Francis C. D’andrea sold 888 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $30.64, for a total transaction of $27,208.32. Following the transaction, the director now owns 11,384 shares in the company, valued at approximately $348,805.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Delek Logistics Partners by 4.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 294,939 shares of the oil and gas producer’s stock worth $8,627,000 after purchasing an additional 12,841 shares during the last quarter. Citigroup Inc. bought a new position in shares of Delek Logistics Partners in the fourth quarter valued at about $87,000. Tortoise Capital Advisors L.L.C. raised its position in shares of Delek Logistics Partners by 116.5% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 258,162 shares of the oil and gas producer’s stock valued at $7,551,000 after purchasing an additional 138,913 shares during the period. Tortoise Index Solutions LLC raised its position in shares of Delek Logistics Partners by 99.4% in the fourth quarter. Tortoise Index Solutions LLC now owns 2,903 shares of the oil and gas producer’s stock valued at $85,000 after purchasing an additional 1,447 shares during the period. Finally, Barclays PLC raised its position in shares of Delek Logistics Partners by 2,214.8% in the fourth quarter. Barclays PLC now owns 2,824 shares of the oil and gas producer’s stock valued at $83,000 after purchasing an additional 2,702 shares during the period. Hedge funds and other institutional investors own 21.56% of the company’s stock.
Delek Logistics Partners Company Profile (NYSE:DKL)
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.
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