Barclays PLC Trims Delek Logistics Partners, L.P. (DKL) Target Price to $32.00

Delek Logistics Partners, L.P. (NYSE:DKL) had its price target decreased by Barclays PLC from $33.00 to $32.00 in a research report sent to investors on Friday. Barclays PLC currently has an equal weight rating on the oil and gas producer’s stock.

DKL has been the topic of several other research reports. ValuEngine cut shares of Delek Logistics Partners, L.P. from a buy rating to a hold rating in a report on Wednesday, September 6th. BidaskClub cut shares of Delek Logistics Partners, L.P. from a buy rating to a hold rating in a report on Friday, July 28th. Scotiabank set a $33.00 target price on shares of Delek Logistics Partners, L.P. and gave the stock a hold rating in a report on Saturday, July 22nd. Finally, Zacks Investment Research cut shares of Delek Logistics Partners, L.P. from a hold rating to a sell rating in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $32.50.

Shares of Delek Logistics Partners, L.P. (NYSE DKL) opened at $29.45 on Friday. Delek Logistics Partners, L.P. has a fifty-two week low of $21.85 and a fifty-two week high of $36.05. The company has a debt-to-equity ratio of -15.58, a current ratio of 1.19 and a quick ratio of 0.92. The stock has a market cap of $732.07, a P/E ratio of 14.80, a P/E/G ratio of 2.78 and a beta of 1.29.

TRADEMARK VIOLATION WARNING: “Barclays PLC Trims Delek Logistics Partners, L.P. (DKL) Target Price to $32.00” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2017/11/13/barclays-plc-trims-delek-logistics-partners-l-p-dkl-target-price-to-32-00.html.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be given a $0.715 dividend. The ex-dividend date is Monday, November 6th. This is an increase from Delek Logistics Partners, L.P.’s previous quarterly dividend of $0.71. This represents a $2.86 annualized dividend and a yield of 9.71%. Delek Logistics Partners, L.P.’s dividend payout ratio (DPR) is presently 143.72%.

In other Delek Logistics Partners, L.P. news, CEO Ezra Uzi Yemin purchased 7,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $29.70 per share, for a total transaction of $207,900.00. Following the completion of the transaction, the chief executive officer now owns 219,418 shares of the company’s stock, valued at $6,516,714.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in shares of Delek Logistics Partners, L.P. during the 2nd quarter valued at $131,000. Sei Investments Co. bought a new stake in shares of Delek Logistics Partners, L.P. during the 2nd quarter valued at $223,000. Parkside Financial Bank & Trust raised its position in shares of Delek Logistics Partners, L.P. by 0.5% during 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. California Public Employees Retirement System raised its position in shares of Delek Logistics Partners, L.P. by 18.2% during 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. Finally, Arrow Investment Advisors LLC bought a new stake in shares of Delek Logistics Partners, L.P. during the 2nd quarter valued at $714,000. Hedge funds and other institutional investors own 28.73% of the company’s stock.

About Delek Logistics Partners, L.P.

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.

Receive News & Ratings for Delek Logistics Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek Logistics Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply