StockNews.com cut shares of Delek Logistics Partners (NYSE:DKL – Get Rating) from a hold rating to a sell rating in a report published on Tuesday morning.
Separately, Citigroup initiated coverage on Delek Logistics Partners in a research report on Thursday, December 8th. They issued a neutral rating and a $48.00 price target on the stock.
Delek Logistics Partners Trading Up 0.3 %
Shares of NYSE DKL opened at $52.73 on Tuesday. Delek Logistics Partners has a one year low of $39.00 and a one year high of $64.46. The firm has a market capitalization of $2.30 billion, a PE ratio of 14.41 and a beta of 2.18. The business has a 50-day moving average price of $48.59 and a two-hundred day moving average price of $51.20.
Delek Logistics Partners Increases Dividend
Institutional Trading of Delek Logistics Partners
Several institutional investors and hedge funds have recently bought and sold shares of DKL. MinichMacGregor Wealth Management LLC bought a new position in Delek Logistics Partners during the 4th quarter worth $28,000. VitalStone Financial LLC purchased a new position in Delek Logistics Partners in the fourth quarter valued at approximately $38,000. Barclays PLC raised its holdings in Delek Logistics Partners by 668.7% during the 4th quarter. Barclays PLC now owns 2,629 shares of the oil and gas producer’s stock valued at $119,000 after acquiring an additional 2,287 shares during the period. BNP Paribas Arbitrage SNC bought a new position in shares of Delek Logistics Partners in the third quarter worth $121,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in Delek Logistics Partners during the first quarter valued at about $209,000. Institutional investors own 12.39% of the company’s stock.
Delek Logistics Partners Company Profile
Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil, intermediate, and refined products. The firm gathers, transports, and stores crude oil. It also markets, distributes, transports, and stores refined products. It operates through the following segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investments in Pipeline Joint Ventures.
- Get a free copy of the StockNews.com research report on Delek Logistics Partners (DKL)
- Monoclonal Antibodies? Avid Bioservices surges 32% on Blowout Q3
- GitLab Crashes On Guidance; Analysts Defend
- Healthcare Stocks With at Least 30 Years of Dividend Increases
- Coinbase Pops As SVB Crumbles To Dust
- Airlines Update Guidance, Shares Head For Different Destinations
Receive News & Ratings for Delek Logistics Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek Logistics Partners and related companies with MarketBeat.com's FREE daily email newsletter.