HighTower Advisors LLC Sells 1,033 Shares of Delek Logistics Partners, L.P. (DKL)

HighTower Advisors LLC cut its position in Delek Logistics Partners, L.P. (NYSE:DKL) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,012 shares of the oil and gas producer’s stock after selling 1,033 shares during the quarter. HighTower Advisors LLC owned about 0.11% of Delek Logistics Partners, L.P. worth $921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in Delek Logistics Partners, L.P. in the 2nd quarter valued at $131,000. Sei Investments Co. bought a new stake in Delek Logistics Partners, L.P. in the 2nd quarter valued at $223,000. Jane Street Group LLC bought a new stake in Delek Logistics Partners, L.P. in the 1st quarter valued at $313,000. Parkside Financial Bank & Trust boosted its stake in Delek Logistics Partners, L.P. by 0.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 9,430 shares of the oil and gas producer’s stock valued at $309,000 after purchasing an additional 45 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Delek Logistics Partners, L.P. by 18.2% in the 2nd quarter. California Public Employees Retirement System now owns 11,700 shares of the oil and gas producer’s stock valued at $383,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 28.78% of the company’s stock.

Several research firms recently issued reports on DKL. BidaskClub downgraded Delek Logistics Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded Delek Logistics Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Barclays PLC restated an “equal weight” rating and issued a $34.00 price target (down from $35.00) on shares of Delek Logistics Partners, L.P. in a research note on Friday, August 4th. Scotiabank set a $33.00 price target on Delek Logistics Partners, L.P. and gave the company a “hold” rating in a research note on Saturday, July 22nd. Finally, ValuEngine upgraded Delek Logistics Partners, L.P. from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Delek Logistics Partners, L.P. currently has a consensus rating of “Hold” and an average price target of $33.50.

Shares of Delek Logistics Partners, L.P. (DKL) opened at 31.35 on Friday. The company has a market capitalization of $763.72 million, a P/E ratio of 16.53 and a beta of 1.30. Delek Logistics Partners, L.P. has a 1-year low of $21.30 and a 1-year high of $36.05. The company has a 50-day moving average price of $30.38 and a 200 day moving average price of $31.43.

Delek Logistics Partners, L.P. (NYSE:DKL) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.09). Delek Logistics Partners, L.P. had a net margin of 12.70% and a negative return on equity of 368.38%. The firm had revenue of $126.80 million for the quarter, compared to the consensus estimate of $140.00 million. During the same period last year, the company posted $0.66 earnings per share. Delek Logistics Partners, L.P.’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Delek Logistics Partners, L.P. will post $2.33 EPS for the current year.

In other news, CEO Ezra Uzi Yemin acquired 7,000 shares of Delek Logistics Partners, L.P. stock in a transaction on Friday, September 15th. The stock was acquired at an average cost of $29.70 per share, with a total value of $207,900.00. Following the completion of the acquisition, the chief executive officer now owns 219,418 shares in the company, valued at $6,516,714.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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Delek Logistics Partners, L.P. Company Profile

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc (Delek), and assets acquired from unrelated third parties.

Institutional Ownership by Quarter for Delek Logistics Partners, L.P. (NYSE:DKL)

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