Virtus ETF Advisers LLC Invests $2.56 Million in Delek Logistics Partners LP (NYSE:DKL)

Virtus ETF Advisers LLC purchased a new position in Delek Logistics Partners LP (NYSE:DKL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 80,078 shares of the oil and gas producer’s stock, valued at approximately $2,562,000. Virtus ETF Advisers LLC owned about 0.32% of Delek Logistics Partners at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DKL. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Delek Logistics Partners by 11.5% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 287,927 shares of the oil and gas producer’s stock worth $9,337,000 after buying an additional 29,765 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Delek Logistics Partners by 9.7% in the 2nd quarter. First Trust Advisors LP now owns 191,553 shares of the oil and gas producer’s stock worth $6,130,000 after buying an additional 16,937 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Delek Logistics Partners in the 2nd quarter worth $325,000. HighTower Advisors LLC bought a new position in shares of Delek Logistics Partners in the 2nd quarter worth $231,000. Finally, CWM LLC bought a new position in shares of Delek Logistics Partners in the 2nd quarter worth $94,000. 23.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DKL stock traded up $0.08 on Friday, hitting $30.78. 536 shares of the company’s stock traded hands, compared to its average volume of 27,282. Delek Logistics Partners LP has a one year low of $27.01 and a one year high of $35.50. The company’s fifty day simple moving average is $30.91 and its 200 day simple moving average is $31.65. The stock has a market capitalization of $761.56 million, a price-to-earnings ratio of 11.67, a P/E/G ratio of 5.57 and a beta of 0.94.

Delek Logistics Partners (NYSE:DKL) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Delek Logistics Partners had a net margin of 12.85% and a negative return on equity of 58.83%. The company had revenue of $155.34 million for the quarter, compared to analyst estimates of $161.39 million. As a group, equities research analysts anticipate that Delek Logistics Partners LP will post 2.72 EPS for the current year.

DKL has been the topic of a number of research analyst reports. ValuEngine lowered shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Zacks Investment Research raised shares of Delek Logistics Partners from a “sell” rating to a “hold” rating and set a $36.00 price target on the stock in a report on Tuesday, August 6th.

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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Institutional Ownership by Quarter for Delek Logistics Partners (NYSE:DKL)

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