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BRENTWOOD, Tenn.—In a recent transaction reported to the Securities and Exchange Commission, Mark Wayne Hobbs, Executive Vice President and Chief Financial Officer of Delek US Holdings, Inc. (NYSE:DK), acquired 2,800 shares of the company’s common stock. The shares were purchased on March 11 at $13.699 each, amounting to a total transaction value of $38,357. The purchase comes as the stock trades near its 52-week low of $13.40, having declined 44% over the past year. According to InvestingPro analysis, the stock is currently trading close to its Fair Value.
Following this transaction, Hobbs now directly owns 49,138 shares of Delek US Holdings. The transaction was executed as a direct purchase, reflecting Hobbs’ continued investment in the petroleum refining company.
Delek US Holdings, headquartered in Brentwood, Tennessee, operates in the energy and transportation sector, focusing on petroleum refining.
In other recent news, Delek US Energy Inc. reported a larger-than-expected loss for the fourth quarter of 2024. The company’s earnings per share were -$2.54, falling short of the forecasted -$1.89, while revenue also missed expectations, coming in at $2.37 billion against an anticipated $2.64 billion. Despite these setbacks, the company continues to focus on operational improvements and strategic initiatives, including the Enterprise Optimization Plan, which aims to enhance free cash flow. In another development, Raymond (NSE:RYMD) James analyst Justin Jenkins adjusted the price target for Delek US Holdings to $24, down from $25, but maintained an Outperform rating. Jenkins noted the challenging macroeconomic conditions but expressed optimism about Delek’s strategic measures, such as retail sales and midstream acquisitions. These actions are part of Delek’s efforts to close the valuation gap and improve its market position. The company has also set a 2025 capital outlook of $150 million to $170 million, with expectations for improved performance from its ongoing initiatives.
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