Delek Logistics Partners (NYSE:DKL) Stock Rating Upgraded by Mizuho

Delek Logistics Partners (NYSE:DKL) was upgraded by equities research analysts at Mizuho to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Wall Street Zen downgraded shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.25.

Delek Logistics Partners Stock Up 0.3%

DKL stock opened at $43.01 on Thursday. Delek Logistics Partners has a 52 week low of $34.59 and a 52 week high of $45.71. The company has a market cap of $2.30 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.97 and a beta of 0.76. The company has a current ratio of 1.61, a quick ratio of 1.52 and a debt-to-equity ratio of 22.02. The company’s 50-day moving average price is $41.08 and its 200 day moving average price is $41.34.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. Delek Logistics Partners had a net margin of 15.88% and a negative return on equity of 1,782.51%. The company had revenue of $249.93 million for the quarter, compared to the consensus estimate of $237.17 million. On average, research analysts expect that Delek Logistics Partners will post 3.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Delek Logistics Partners

A number of institutional investors have recently modified their holdings of DKL. Jones Financial Companies Lllp raised its position in shares of Delek Logistics Partners by 303.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock valued at $52,000 after buying an additional 910 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Delek Logistics Partners in the first quarter valued at approximately $53,000. GeoWealth Management LLC acquired a new position in shares of Delek Logistics Partners in the fourth quarter valued at approximately $206,000. MGO One Seven LLC acquired a new position in shares of Delek Logistics Partners in the fourth quarter valued at approximately $206,000. Finally, Stifel Financial Corp raised its position in shares of Delek Logistics Partners by 7.5% in the fourth quarter. Stifel Financial Corp now owns 5,076 shares of the oil and gas producer’s stock valued at $215,000 after buying an additional 355 shares during the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.

Delek Logistics Partners Company Profile

Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The Gathering and Processing segment consists of pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties.