Delek Logistics Partners, L.P. (NYSE:DKL) Stock Has Consensus Target Price of $55.60 According to Analysts

Delek Logistics Partners, L.P. (NYSE:DKL) has received an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $55.60.

Several equities analysts recently issued reports on DKL shares. Zacks Research downgraded shares of Delek Logistics Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. UBS Group boosted their price target on Delek Logistics Partners from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, September 21st. Finally, Weiss Ratings upgraded Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 2nd.

Delek Logistics Partners Stock Performance

Shares of NYSE:DKL opened at $57.37 on Friday. The business’s fifty day moving average price is $55.49 and its two-hundred day moving average price is $53.65. The stock has a market cap of $3.28 billion, a PE ratio of 19.99 and a beta of 0.47. Delek Logistics Partners has a one year low of $42.82 and a one year high of $61.50.

Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.39). Delek Logistics Partners had a negative return on equity of 935.80% and a net margin of 12.85%. The company had revenue of $384.76 million during the quarter, compared to analyst estimates of $293.64 million. As a group, equities research analysts predict that Delek Logistics Partners will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Delek Logistics Partners news, EVP Robert Wright bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $50.00 per share, for a total transaction of $75,000.00. Following the completion of the purchase, the executive vice president owned 7,994 shares of the company’s stock, valued at $399,700. This trade represents a 23.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Avigal Soreq bought 2,500 shares of Delek Logistics Partners stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $50.00 per share, for a total transaction of $125,000.00. Following the completion of the transaction, the president directly owned 84,782 shares of the company’s stock, valued at $4,239,100. This trade represents a 3.04% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 15,000 shares of company stock valued at $750,000. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Adams Asset Advisors LLC increased its stake in Delek Logistics Partners by 5.2% during the third quarter. Adams Asset Advisors LLC now owns 73,963 shares of the oil and gas producer’s stock worth $3,936,000 after acquiring an additional 3,675 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Delek Logistics Partners by 60.9% in the 2nd quarter. Tidal Investments LLC now owns 7,363 shares of the oil and gas producer’s stock worth $379,000 after purchasing an additional 2,786 shares during the period. NEOS Investment Management LLC lifted its stake in shares of Delek Logistics Partners by 56.0% in the 2nd quarter. NEOS Investment Management LLC now owns 173,361 shares of the oil and gas producer’s stock valued at $8,935,000 after purchasing an additional 62,267 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Delek Logistics Partners in the 2nd quarter valued at about $1,703,000. Finally, Focus Financial Network Inc. grew its holdings in shares of Delek Logistics Partners by 2.2% during the 2nd quarter. Focus Financial Network Inc. now owns 13,724 shares of the oil and gas producer’s stock worth $707,000 after purchasing an additional 300 shares during the period. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

About Delek Logistics Partners

Delek Logistics Partners, L.P. (NYSE: DKL) is a master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, refined products and other hydrocarbons. The partnership is sponsored by Delek US Holdings, Inc, an independent refiner and marketer of petroleum products.

Delek Logistics’ operations include crude oil gathering, transportation and storage; refined products transportation and terminalling; wholesale marketing; rail and truck services; and other logistics activities.