BRENTWOOD, Tenn.—Soreq Avigal, President and CEO of Delek US Holdings, Inc. (NYSE:DK), recently acquired shares of the company's common stock, according to a recent SEC filing. On December 16, Avigal purchased 870 shares at a price of $17.23 per share, amounting to a total transaction value of $14,990. The purchase comes as the stock has experienced a significant 10% decline over the past week, trading near its 52-week low.
Following this acquisition, Avigal holds a total of 182,074 shares in the company. This transaction was reported in a Form 4 filing submitted to the Securities and Exchange Commission.
Delek US Holdings, Inc., based in Brentwood, Tennessee, is engaged in petroleum refining and other energy-related services. The company currently offers a notable 6.17% dividend yield and maintains a Fair financial health rating according to InvestingPro, which provides comprehensive analysis and additional insights through its detailed Pro Research Report covering over 1,400 US stocks.
In other recent news, Delek US Holdings reported a narrower loss for the third quarter than initially predicted by analysts. The oil refiner posted an adjusted loss of $1.45 per share, surpassing analyst estimates for a loss of $1.66 per share. However, the company's revenue of $3.04 billion fell short of the anticipated $3.24 billion. Despite lower crack spreads impacting the refining segment, the logistics segment saw an increase in adjusted EBITDA.
In addition to these financial updates, Delek made significant strides in its operational strategy. The company completed several strategic transactions, including the sale of its retail assets for $390 million and the transfer of its Wink to Webster pipeline interest to Delek Logistics (NYSE:DKL) Partners. CEO Avigal Soreq emphasized the company's focus on maximizing value in its logistics business and implementing an enterprise optimization plan.
Lastly, Delek US Holdings returned value to shareholders by paying $16.4 million in dividends and announcing a regular quarterly dividend of $0.255 per share. These are the most recent developments for the company.
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