Investors are a little more bearish on Delek Logistics Partners LP of late if you take into consideration the motion in short interest. The company experienced a rise in short interest of 35.83% between October 13, 2017 and October 31, 2017. Short interest grew 15,997 over that timeframe. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.00% as of October 31.
These firms have modified their investment in DKL. Arrow Investment Advisors, LLC expanded its investment by buying 1,165 shares an increase of 5.3% from 06/30/2017 to 09/30/2017. Arrow Investment Advisors, LLC currently owns 22,972 shares worth $718,000. The value of the position overall is up by 0.6%. As of quarter end Wells Fargo & Company/mn had acquired 1,500 shares growing its position 60.0%. The value of the investment in (DKL) increased from $82,000 to $125,000 a change of 52.4% quarter to quarter.
As of the end of the quarter Hite Hedge Asset Management LLC had bought a total of 4,300 shares growing its holdings by 1.3%. The value of the total investment in Delek Logistics Partners LP went from $10,539,000 to $10,190,000 a change of $349,000 quarter over quarter. Raymond James & Associates bolstered its position by buying 1,000 shares an increase of 15.2% in the quarter. Raymond James & Associates owns 7,565 shares with a value of $236,000. The total value of its holdings increased 7.8%.
On August 4 Barclays PLC held the stock rating at “Equal Weight” with a current price target of $34.00.
The company is down from yesterday’s close of 28.47. The P/E ratio is 14.24 and the market value is 690.65M. In the latest earnings report the EPS was $1.99 with 24.36M shares currently outstanding.
Delek Logistics Partners, LP, launched on April 24, 2012, owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Business’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 Company operates through two segments: Pipelines and Transportation segment, and Wholesale Marketing and Terminalling segment. The Company engaged in the gathering, transporting and storing crude oil; storing intermediate products and feed stocks, and marketing, distributing, transporting, offloading and storing refined products. The Company also provides crude oil, intermediate and refined products transportation services for terminaling, and marketing services to third parties primarily in Texas, Tennessee and Arkansas..