Delek Logistics Partners LP (DKL) : Cumberland Advisors Inc scooped up 60 additional shares in Delek Logistics Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 320 shares of Delek Logistics Partners LP which is valued at $9,709.Delek Logistics Partners LP makes up approximately 0.01% of Cumberland Advisors Inc’s portfolio.
Delek Logistics Partners LP closed down -0.85 points or -2.73% at $30.34 with 63,735 shares getting traded on Friday. Post opening the session at $30.86, the shares hit an intraday low of $29.6 and an intraday high of $30.89 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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On the company’s financial health, Delek Logistics Partners LP reported $0.55 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.72. The company had revenue of $108.90 million for the quarter, compared to analysts expectations of $175.43 million. The company’s revenue was down -37.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.
Many Wall Street Analysts have commented on Delek Logistics Partners LP. Shares were Reiterated by Barclays on Feb 29, 2016 to “Equal Weight” and Lowered the Price Target to $ 36 from a previous price target of $38 .
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 the assets liabilities and results of operations of certain crude oil and refined product pipelines and transportation storage wholesale marketing and terminalling assets. Its business consists of two operating segments: Pipelines and Transportation segment providing crude oil gathering and crude oil intermediate and finished products transportation and storage services and Wholesale Marketing and Terminalling segment offering marketing services for refined products. It was formed by Delek US Holdings Inc. and its indirect subsidiary Delek Logistics GP LLC. The Company generates revenue from gathering transporting and storing crude oil for storing intermediate products and feed stocks and for marketing distributing transporting and storing refined products.