Delek Logistics Partners (NYSE:DKL) Given Neutral Rating at Citigroup

Delek Logistics Partners (NYSE:DKL)‘s stock had its “neutral” rating restated by equities researchers at Citigroup in a report issued on Friday, Marketbeat reports. They currently have a $52.00 target price on the oil and gas producer’s stock. Citigroup’s price target suggests a potential downside of 1.98% from the company’s current price.

Several other analysts have also weighed in on DKL. Zacks Research lowered Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Delek Logistics Partners in a research report on Thursday. Finally, Weiss Ratings raised shares of Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.67.

Delek Logistics Partners Stock Performance

NYSE DKL opened at $53.05 on Friday. The company’s fifty day moving average is $50.26 and its two-hundred day moving average is $46.65. Delek Logistics Partners has a 52-week low of $34.59 and a 52-week high of $55.89. The company has a debt-to-equity ratio of 386.77, a current ratio of 1.12 and a quick ratio of 0.98. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.48 and a beta of 0.51.

Delek Logistics Partners (NYSE:DKL) last released its earnings results on Friday, February 27th. The oil and gas producer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.38). Delek Logistics Partners had a net margin of 17.41% and a return on equity of 461.30%. The company had revenue of $255.77 million during the quarter, compared to the consensus estimate of $283.64 million. Equities research analysts forecast that Delek Logistics Partners will post 3.01 EPS for the current year.

Institutional Investors Weigh In On Delek Logistics Partners

A number of hedge funds have recently made changes to their positions in DKL. BNP Paribas Financial Markets acquired a new stake in shares of Delek Logistics Partners in the second quarter valued at approximately $50,000. Jones Financial Companies Lllp lifted its holdings in Delek Logistics Partners by 303.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 910 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Delek Logistics Partners by 92.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,285 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 1,100 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Delek Logistics Partners by 245.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock valued at $115,000 after buying an additional 1,910 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Delek Logistics Partners by 1,186.5% in the 2nd quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock valued at $180,000 after buying an additional 3,868 shares during the period. Institutional investors and hedge funds own 11.75% of the company’s stock.

Delek Logistics Partners Company Profile

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.