Delek Logistics Partners, L.P. (NYSE:DKL)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays PLC in a research note issued to investors on Friday. They presently have a $34.00 target price on the oil and gas producer’s stock, down from their prior target price of $35.00. Barclays PLC’s price objective points to a potential upside of 9.68% from the company’s current price.

Several other analysts also recently commented on the stock. Zacks Investment Research raised shares of Delek Logistics Partners, L.P. from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Thursday, May 11th. Scotiabank set a $33.00 price objective on shares of Delek Logistics Partners, L.P. and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Finally, BidaskClub downgraded shares of Delek Logistics Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.00.

Shares of Delek Logistics Partners, L.P. (DKL) traded down 3.23% on Friday, reaching $30.00. 21,231 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $32.99 and its 200-day moving average price is $32.10. 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 $729.84 million, a P/E ratio of 15.26 and a beta of 1.29.

Delek Logistics Partners, L.P. (NYSE:DKL) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.59 EPS for the quarter, missing the consensus estimate of $0.68 by $0.09. The company had revenue of $126.80 million for the quarter, compared to analyst estimates of $140 million. Delek Logistics Partners, L.P. had a negative return on equity of 402.04% and a net margin of 12.70%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. Equities analysts forecast that Delek Logistics Partners, L.P. will post $2.30 EPS for the current fiscal year.

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In other news, major shareholder Delek Us Holdings, Inc. bought 7,314 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were bought at an average cost of $30.69 per share, for a total transaction of $224,466.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders purchased 32,760 shares of company stock worth $1,014,607.

Institutional investors have recently modified their holdings of the company. Homrich & Berg boosted its position in shares of Delek Logistics Partners, L.P. by 0.9% in the second quarter. Homrich & Berg now owns 45,717 shares of the oil and gas producer’s stock worth $1,497,000 after buying an additional 426 shares in the last quarter. HITE Hedge Asset Management LLC boosted its position in shares of Delek Logistics Partners, L.P. by 1.2% in the second quarter. HITE Hedge Asset Management LLC now owns 321,792 shares of the oil and gas producer’s stock worth $10,539,000 after buying an additional 3,765 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Delek Logistics Partners, L.P. by 5.2% in the second quarter. Global X Management Co. LLC now owns 246,965 shares of the oil and gas producer’s stock worth $8,088,000 after buying an additional 12,272 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Delek Logistics Partners, L.P. during the second quarter worth about $223,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Delek Logistics Partners, L.P. by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 9,430 shares of the oil and gas producer’s stock worth $309,000 after buying an additional 45 shares in the last quarter. Institutional investors own 27.39% 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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