Delek Logistics Partners, L.P. (NYSE:DKL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

DKL has been the topic of several other research reports. Zacks Investment Research upgraded Delek Logistics Partners, L.P. from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, May 2nd. Scotiabank restated a “hold” rating and issued a $33.00 price target on shares of Delek Logistics Partners, L.P. in a research report on Thursday, March 23rd. Finally, Barclays PLC restated an “equal weight” rating and issued a $33.00 price target on shares of Delek Logistics Partners, L.P. in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Delek Logistics Partners, L.P. currently has a consensus rating of “Buy” and a consensus target price of $33.67.

Shares of Delek Logistics Partners, L.P. (NYSE:DKL) traded up 1.37% during midday trading on Thursday, reaching $33.25. 24,751 shares of the company’s stock traded hands. The stock has a 50 day moving average of $31.29 and a 200-day moving average of $31.51. Delek Logistics Partners, L.P. has a 52-week low of $21.30 and a 52-week high of $36.05. The stock has a market cap of $808.94 million, a price-to-earnings ratio of 16.88 and a beta of 1.28.

Delek Logistics Partners, L.P. (NYSE:DKL) last posted its quarterly earnings data on Monday, May 8th. The oil and gas producer reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.07. The firm had revenue of $129.50 million for the quarter, compared to the consensus estimate of $128.42 million. Delek Logistics Partners, L.P. had a negative return on equity of 446.17% and a net margin of 13.08%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities research analysts expect that Delek Logistics Partners, L.P. will post $2.45 EPS for the current year.

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In related news, major shareholder Delek Us Holdings, Inc. purchased 7,500 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The shares were bought at an average price of $31.60 per share, for a total transaction of $237,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 90,706 shares of company stock worth $2,839,037 in the last 90 days.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of Delek Logistics Partners, L.P. during the second quarter worth approximately $131,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Delek Logistics Partners, L.P. by 2.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,433 shares of the oil and gas producer’s stock worth $212,000 after buying an additional 206 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Delek Logistics Partners, L.P. by 7.3% in the first quarter. Parkside Financial Bank & Trust now owns 9,385 shares of the oil and gas producer’s stock worth $313,000 after buying an additional 640 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Delek Logistics Partners, L.P. during the first quarter worth approximately $313,000. Finally, GSA Capital Partners LLP boosted its position in shares of Delek Logistics Partners, L.P. by 45.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,600 shares of the oil and gas producer’s stock worth $474,000 after buying an additional 5,205 shares during the last quarter. Institutional investors own 27.25% of the company’s stock.

Delek Logistics Partners, L.P. Company Profile

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.

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