Trading Report: Today, Delek Logistics Partners LP (DKL) Lowered to Market Perform at Wells Fargo & Co.

Today, Delek Logistics Partners LP (DKL) Lowered to Market Perform at Wells Fargo & Co.

Wells Fargo & Co. downgraded shares of Delek Logistics Partners LP (NYSE:DKL) from an outperform rating to a market perform rating in a research note released on Monday morning.

DKL has been the subject of several other research reports. Zacks Investment Research upgraded Delek Logistics Partners from a sell rating to a hold rating in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. upgraded Delek Logistics Partners from a neutral rating to a buy rating and set a $32.00 price objective for the company in a research report on Tuesday, June 21st. Barclays PLC reduced their price objective on Delek Logistics Partners from $32.00 to $30.00 and set an equal weight rating for the company in a research report on Thursday, August 11th. Finally, Simmons reiterated a hold rating and set a $31.00 price objective (down previously from $33.00) on shares of Delek Logistics Partners in a research report on Tuesday, June 21st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $31.00.

Shares of Delek Logistics Partners (NYSE:DKL) opened at 26.19 on Monday. The firm has a 50 day moving average price of $27.61 and a 200 day moving average price of $27.94. The stock has a market cap of $636.47 million, a PE ratio of 10.63 and a beta of 1.34. Delek Logistics Partners has a 12-month low of $21.84 and a 12-month high of $38.00.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.08. On average, equities analysts expect that Delek Logistics Partners will post $2.37 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in Delek Logistics Partners during the second quarter valued at about $1,214,000. Cbre Clarion Securities LLC raised its stake in Delek Logistics Partners by 7.8% in the second quarter. Cbre Clarion Securities LLC now owns 135,915 shares of the company’s stock valued at $3,630,000 after buying an additional 9,827 shares in the last quarter. PEAK6 Investments L.P. bought a new stake in Delek Logistics Partners during the second quarter valued at about $211,000. Homrich & Berg raised its stake in Delek Logistics Partners by 5.3% in the second quarter. Homrich & Berg now owns 42,338 shares of the company’s stock valued at $1,131,000 after buying an additional 2,145 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in Delek Logistics Partners by 17.9% in the second quarter. Global X Management Co. LLC now owns 220,344 shares of the company’s stock valued at $5,885,000 after buying an additional 33,516 shares in the last quarter.

Delek Logistics Partners Company Profile

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