Delek Logistics Partners LP (NYSE:DKL) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 64,700 shares, an increase of 10.4% from the August 15th total of 58,600 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is presently 2.2 days.
A number of equities research analysts recently weighed in on DKL shares. Zacks Investment Research downgraded shares of Delek Logistics Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. ValuEngine cut shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Friday, August 2nd.
DKL stock traded up $0.47 on Friday, hitting $30.69. 27,440 shares of the company’s stock traded hands, compared to its average volume of 32,400. Delek Logistics Partners has a 1-year low of $27.01 and a 1-year high of $34.12. The stock has a market cap of $764.80 million, a price-to-earnings ratio of 11.58, a P/E/G ratio of 5.65 and a beta of 0.95. The stock has a fifty day moving average of $30.76 and a 200-day moving average of $31.53.
Delek Logistics Partners (NYSE:DKL) last issued its quarterly 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. The business had revenue of $155.34 million during the quarter, compared to the consensus estimate of $161.39 million. Delek Logistics Partners had a net margin of 12.85% and a negative return on equity of 58.83%. On average, equities analysts expect that Delek Logistics Partners will post 2.72 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. increased its stake in shares of Delek Logistics Partners by 12.4% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 323,720 shares of the oil and gas producer’s stock worth $10,359,000 after purchasing an additional 35,793 shares during the last quarter. First Trust Advisors LP grew its stake in 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 valued at $6,130,000 after buying an additional 16,937 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Delek Logistics Partners by 69,700.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,094 shares of the oil and gas producer’s stock valued at $67,000 after buying an additional 2,091 shares during the last quarter. CWM LLC acquired a new position in Delek Logistics Partners in the 2nd quarter valued at $94,000. Finally, JPMorgan Chase & Co. grew its stake in Delek Logistics Partners by 0.4% in the 1st quarter. JPMorgan Chase & Co. now owns 208,305 shares of the oil and gas producer’s stock valued at $6,755,000 after buying an additional 870 shares during the last quarter. Institutional investors own 21.72% of the company’s stock.
Delek Logistics Partners Company Profile
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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