Delek Logistics Partners (NYSE:DKL) Research Coverage Started at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Delek Logistics Partners (NYSE:DKL – Get Rating) in a report released on Thursday. The firm set a “hold” rating on the oil and gas producer’s stock.

Delek Logistics Partners Trading Up 3.0 %

DKL stock opened at $43.57 on Thursday. Delek Logistics Partners has a 1-year low of $41.80 and a 1-year high of $64.46. The firm has a market cap of $1.90 billion, a P/E ratio of 12.07 and a beta of 2.14. The business’s 50 day moving average is $48.10 and its 200-day moving average is $48.84.

Delek Logistics Partners (NYSE:DKL – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The oil and gas producer reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.16). Delek Logistics Partners had a net margin of 14.62% and a negative return on equity of 136.79%. The company had revenue of $269.05 million during the quarter, compared to the consensus estimate of $294.15 million. Sell-side analysts forecast that Delek Logistics Partners will post 3.79 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ahrens Investment Partners LLC acquired a new position in shares of Delek Logistics Partners in the 1st quarter worth approximately $28,000. MinichMacGregor Wealth Management LLC acquired a new position in shares of Delek Logistics Partners in the 4th quarter worth approximately $28,000. Citigroup Inc. acquired a new position in shares of Delek Logistics Partners in the 1st quarter worth approximately $35,000. VitalStone Financial LLC acquired a new position in shares of Delek Logistics Partners in the 4th quarter worth approximately $38,000. Finally, BNP Paribas Arbitrage SNC acquired a new position in Delek Logistics Partners during the 3rd quarter worth $121,000. 12.39% of the stock is owned by institutional investors and hedge funds.

About Delek Logistics Partners

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Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil, intermediate, and refined products. The firm gathers, transports, and stores crude oil. It also markets, distributes, transports, and stores refined products. It operates through the following segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investments in Pipeline Joint Ventures.