Global X Management Co LLC lessened its stake in shares of Delek Logistics Partners LP (NYSE:DKL) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 258,134 shares of the oil and gas producer’s stock after selling 4,655 shares during the quarter. Global X Management Co LLC owned about 1.04% of Delek Logistics Partners worth $7,137,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of DKL. Franklin Square Holdings L.P. raised its position in Delek Logistics Partners by 9.6% in the 1st quarter. Franklin Square Holdings L.P. now owns 25,860 shares of the oil and gas producer’s stock valued at $733,000 after purchasing an additional 2,260 shares during the last quarter. Guggenheim Capital LLC increased its stake in Delek Logistics Partners by 33.6% in the 1st quarter. Guggenheim Capital LLC now owns 16,298 shares of the oil and gas producer’s stock valued at $462,000 after buying an additional 4,098 shares during the period. Renaissance Technologies LLC acquired a new position in Delek Logistics Partners in the 2nd quarter valued at $843,000. First Republic Investment Management Inc. acquired a new position in Delek Logistics Partners in the 2nd quarter valued at $270,000. Finally, Biglari Capital CORP. acquired a new position in Delek Logistics Partners in the 2nd quarter valued at $2,876,000. Institutional investors and hedge funds own 22.63% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday. ValuEngine raised shares of Delek Logistics Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, Credit Suisse Group assumed coverage on shares of Delek Logistics Partners in a research note on Thursday. They set an “underperform” rating and a $31.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.67.
Shares of Delek Logistics Partners stock traded up $0.12 on Friday, hitting $31.25. The company’s stock had a trading volume of 40,072 shares, compared to its average volume of 45,088. Delek Logistics Partners LP has a 52-week low of $26.50 and a 52-week high of $35.50. The company has a quick ratio of 1.77, a current ratio of 2.37 and a debt-to-equity ratio of -5.72. The firm has a market capitalization of $846.33 million, a PE ratio of 14.95 and a beta of 1.18.
Delek Logistics Partners (NYSE:DKL) last released its earnings results on Tuesday, August 7th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.01). The firm had revenue of $166.28 million during the quarter, compared to analysts’ expectations of $189.86 million. Delek Logistics Partners had a net margin of 13.22% and a negative return on equity of 103.52%. On average, research analysts expect that Delek Logistics Partners LP will post 2.97 EPS for the current fiscal year.
About Delek Logistics Partners
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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