Insider Holder Move: Delek Us Holdings – Inc. Insider of Delek Logistics Partners LP (NYSE:DKL) Just Bought Shares In It

November 24, 2016 - By Louis Casey

Insider Holder Move: Delek Us Holdings   Inc. Insider of Delek Logistics Partners LP (NYSE:DKL) Just Bought Shares In It

Delek Us Holdings – Inc. Insider Buy

Delek Logistics Partners – Lp’s insider Delek Us Holdings – Inc. a few days ago paid for 38,959 company shares with a total value of $1.00 million at stock price per share of $25.8. This trade decreased his ownership of the Company to 62.43% total market cap or 14.91 million shares.

Delek Logistics Partners LP (NYSE:DKL) Ratings Coverage

Out of 5 analysts covering Delek Logistics Partners (NYSE:DKL), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $42 is the highest target while $30 is the lowest. The $34.67 average target is 37.58% above today’s ($25.2) stock price. Delek Logistics Partners has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Piper Jaffray on Monday, May 9 to “Neutral”. The company was downgraded on Thursday, August 6 by Zacks. The firm earned “Equal-Weight” rating on Thursday, August 11 by Barclays Capital. The stock of Delek Logistics Partners LP (NYSE:DKL) has “Buy” rating given on Tuesday, June 21 by Goldman Sachs. The stock of Delek Logistics Partners LP (NYSE:DKL) has “Overweight” rating given on Friday, September 11 by JP Morgan. On Friday, April 1 the stock rating was reinitiated by Piper Jaffray with “Overweight”. On Monday, October 3 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock has “Outperform” rating given by Wells Fargo on Wednesday, November 9.

Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.09, from 1 in 2016Q1. The ratio is negative, as 6 funds sold all Delek Logistics Partners LP shares owned while 15 reduced positions. 9 funds bought stakes while 12 increased positions. They now own 7.75 million shares or 2.51% less from 7.95 million shares in 2016Q1.

The New York-based Renaissance Technologies Ltd Llc has invested 0% in Delek Logistics Partners LP (NYSE:DKL). The Florida-based Finemark Savings Bank And Trust has invested 0% in Delek Logistics Partners LP (NYSE:DKL). Moreover, Homrich And Berg has 0.11% invested in Delek Logistics Partners LP (NYSE:DKL) for 42,338 shares. Liberty Mutual Gp Asset Inc, a Massachusetts-based fund reported 47,682 shares. Jpmorgan Chase & Company holds 4,000 shares or 0% of its portfolio. The Texas-based King Luther Mgmt Corp has invested 0% in Delek Logistics Partners LP (NYSE:DKL). Creative Planning accumulated 0% or 4,485 shares. Hite Hedge Asset Mgmt Limited Com accumulated 36,683 shares or 0.4% of the stock. The New York-based Morgan Stanley has invested 0% in Delek Logistics Partners LP (NYSE:DKL). Walleye Trading Ltd Liability reported 1,000 shares or 0% of all its holdings. Retail Bank Of America De holds 0% or 203,744 shares in its portfolio. Cumberland Advsrs Inc holds 320 shares or 0.01% of its portfolio. First Trust Advsrs Limited Partnership accumulated 161,638 shares or 0.01% of the stock. Wasatch Advsr last reported 0.03% of its portfolio in the stock. Westwood Holdings Gru Inc reported 259,578 shares or 0.06% of all its holdings.

Insider Transactions: Since November 10, 2016, the stock had 3 buys, and 1 sale for $1.48 million net activity. 11,796 Delek Logistics Partners LP (NYSE:DKL) shares with value of $271,343 were bought by Delek US Holdings – Inc.. $16,510 worth of shares were sold by Gordon Daniel L on Thursday, November 10.

The stock decreased 1.75% or $0.45 on November 23, hitting $25.2. About 35,336 shares traded hands. Delek Logistics Partners LP (NYSE:DKL) has declined 17.66% since April 21, 2016 and is downtrending. It has underperformed by 22.99% the S&P500.

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The company has a market cap of $616.57 million. 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. , and assets acquired from unrelated third parties. It has a 11.64 P/E ratio. The Firm operates through two divisions: Pipelines and Transportation segment, and Wholesale Marketing and Terminalling segment.

According to Zacks Investment Research, “Delek Logistics Partners, LP owns, operates, acquires and constructs crude oil and refined products logistics and marketing assets. The company operates crude oil transportation pipelines, refined product pipelines, crude oil gathering system, and associated crude oil storage tanks. It also provides marketing services for refined products other than jet fuel and petroleum coke; and light products, operates light product terminals in Texas and Tennessee and offers terminalling services to independent third parties. Delek Logistics Partners, LP is headquartered in Brentwood, Tennessee.”

Analysts await Delek Logistics Partners LP (NYSE:DKL) to report earnings on February, 23. They expect $0.52 EPS, down 5.45% or $0.03 from last year’s $0.55 per share. DKL’s profit will be $12.72 million for 12.12 P/E if the $0.52 EPS becomes a reality. After $0.41 actual EPS reported by Delek Logistics Partners LP for the previous quarter, Wall Street now forecasts 26.83% EPS growth.

More recent Delek Logistics Partners LP (NYSE:DKL) news were published by: Nasdaq.com which released: “Delek Logistics Partners, L.P. (DKL) Ex-Dividend Date Scheduled for November ..” on November 02, 2016. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Businesswire.com‘s news article titled: “Delek Logistics Partners, LP Reports Second Quarter 2016 Results” with publication date: August 04, 2016 was also an interesting one.

DKL Company Profile

Delek Logistics Partners, LP, incorporated on April 24, 2012, 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. The Firm operates through two divisions: Pipelines and Transportation segment, and Wholesale Marketing and Terminalling segment. The Firm engaged in the gathering, transporting and storing crude oil; storing intermediate products and feed stocks, and marketing, distributing, transporting and storing refined products. The Firm also provides crude oil, intermediate and refined products transportation services for terminaling, and marketing services to third parties primarily in Texas, Tennessee and Arkansas. It was formed by Delek US Holdings, Inc. (Delek) and its indirect subsidiary, Delek Logistics GP, LLC.

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