In a report published on Tuesday, the rating was changed from'sell' to 'hold'.
Delek Logistics Partners Stock Performance
The stock opened at $53.81 Tuesday. The company's market capitalization is $2.35 billion. It has a price to earnings ratio of 14.91, and a beta value of 2.14. Delek Logistics Partners' 52-week low is $41.80, and its 52-week high is $64.46. The last time ) announced its results was on Monday 8th May. The oil and natural gas producer missed analysts' expectations of $1.11 per share by $0.25. Delek Logistics Partners reported a negative return of equity of 136.79%, and a margin of net of 14.62%. The company had a revenue of $243.53 millions for the quarter compared with analyst estimates of $257.37 million. In the same quarter of last year, Delek Logistics Partners posted $0.91 in earnings per share. Analysts predict that Delek Logistics Partners' current fiscal year will average 3.79 EPS.
Institutional Investors weigh in on Delek Logistics Partners
Recently, a number of institutional investors bought and sold the stock. Thoroughbred Financial Services LLC increased its shares of Delek Logistics Partners during the fourth quarter by 1.8%. Thoroughbred Financial Services LLC owns 11,888 of the oil and natural gas producer's shares worth $537,000, after buying 211 additional shares. LPL Financial LLC increased its stake in Delek Logistics Partners shares by 0.8% during the first quarter. LPL Financial LLC owns 28,885 of the oil and natural gas producer's shares valued at $1.370,000, after purchasing an additional 239 during the period. Virtu Financial LLC increased its holdings of Delek Logistics Partners shares by 4.6% in the first quarter. Virtu Financial LLC owns 7,894 of the oil and natural gas producer's shares valued at $374,000, after adding 345 more shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Delek Logistics Partners during the fourth quarter by 2.0%. B. Riley Wealth Advisors Inc. owns 23,671 of the oil and natural gas producer's shares worth $1,071,000. It purchased an additional 468 during the period. Vident Investment Advisory LLC also increased its stake in Delek Logistics Partners in the first quarter by 7.6%. Vident Investment Advisory LLC owns 7,088 of the oil and natural gas producer's shares valued at $312,000, after buying an additional 499 in the last quarter. Hedge funds and institutional investors own 12.39%.
Delek Logistics Partners Company profile
Delek Logistics Partners LP is a company that owns and manages marketing and logistics assets for crude, intermediate and refined products. The company gathers, transports and stores crude. The firm also distributes, stores, transports and markets refined products. It is divided into three segments: Pipelines and Transportation; Wholesale Marketing and Terminalling; and Investments in Pipeline Joint Ventures.
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