Taylor Wealth Management Partners lessened its holdings in Delek Logistics Partners LP (NYSE:DKL) by 39.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,500 shares of the oil and gas producer’s stock after selling 10,840 shares during the period. Taylor Wealth Management Partners owned about 0.07% of Delek Logistics Partners worth $483,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Advisory Research Inc. boosted its position in shares of Delek Logistics Partners by 0.6% in the third quarter. Advisory Research Inc. now owns 1,193,828 shares of the oil and gas producer’s stock worth $40,590,000 after buying an additional 6,801 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Delek Logistics Partners in the third quarter worth $9,591,000. First Trust Advisors LP acquired a new stake in Delek Logistics Partners during the third quarter valued at $7,137,000. FMR LLC acquired a new stake in Delek Logistics Partners during the third quarter valued at $6,008,000. Finally, Tortoise Capital Advisors L.L.C. acquired a new stake in Delek Logistics Partners during the third quarter valued at $4,054,000. 22.35% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on DKL shares. Zacks Investment Research raised Delek Logistics Partners from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, October 9th. Credit Suisse Group started coverage on Delek Logistics Partners in a research report on Thursday, October 11th. They set an “underperform” rating and a $31.00 price objective for the company. Finally, ValuEngine cut Delek Logistics Partners from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Delek Logistics Partners has a consensus rating of “Sell” and a consensus target price of $34.33.
DKL traded up $0.20 during trading on Monday, reaching $30.02. 375 shares of the stock traded hands, compared to its average volume of 40,463. The stock has a market cap of $770.91 million, a price-to-earnings ratio of 14.36 and a beta of 1.09. Delek Logistics Partners LP has a fifty-two week low of $26.50 and a fifty-two week high of $35.50.
Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.16). The firm had revenue of $164.11 million for the quarter, compared to analyst estimates of $214.10 million. Delek Logistics Partners had a net margin of 13.52% and a negative return on equity of 83.79%. As a group, research analysts forecast that Delek Logistics Partners LP will post 2.86 earnings per share for the current 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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