Tortoise Capital Advisors L.L.C. raised its stake in Delek Logistics Partners LP (NYSE:DKL) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,720 shares of the oil and gas producer’s stock after acquiring an additional 35,793 shares during the quarter. Tortoise Capital Advisors L.L.C. owned approximately 1.30% of Delek Logistics Partners worth $10,359,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DKL. Invesco Ltd. purchased a new position in Delek Logistics Partners in the second quarter valued at about $14,523,000. Virtus ETF Advisers LLC purchased a new position in Delek Logistics Partners in the second quarter valued at about $2,562,000. First Trust Advisors LP boosted its stake in Delek Logistics Partners by 9.7% in the second quarter. First Trust Advisors LP now owns 191,553 shares of the oil and gas producer’s stock valued at $6,130,000 after acquiring an additional 16,937 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Delek Logistics Partners in the second quarter valued at about $325,000. Finally, HighTower Advisors LLC purchased a new position in Delek Logistics Partners in the second quarter valued at about $231,000. Hedge funds and other institutional investors own 21.72% of the company’s stock.
Shares of NYSE DKL traded up $0.40 during midday trading on Friday, hitting $31.73. The company’s stock had a trading volume of 29,450 shares, compared to its average volume of 23,106. The stock has a fifty day moving average price of $30.66 and a 200 day moving average price of $31.65. Delek Logistics Partners LP has a one year low of $27.01 and a one year high of $35.35. The firm has a market capitalization of $792.30 million, a price-to-earnings ratio of 12.93, a P/E/G ratio of 5.85 and a beta of 0.94.
Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. Delek Logistics Partners had a net margin of 12.85% and a negative return on equity of 58.83%. The company had revenue of $155.34 million for the quarter, compared to analyst estimates of $161.39 million. As a group, analysts expect that Delek Logistics Partners LP will post 2.72 EPS for the current year.
DKL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Delek Logistics Partners from a “sell” rating to a “hold” rating and set a $36.00 target price on the stock in a research note on Tuesday, August 6th. ValuEngine lowered shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd.
Delek Logistics Partners 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.
Further Reading: Quiet Period Expirations
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