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BRENTWOOD, Tenn.—Yemin Ezra Uzi, Chairman of Delek US Holdings Inc . (NYSE:DK), recently acquired 5,085 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The purchase, valued at approximately $73,738, was executed at a weighted average price of $14.5012 per share. The shares were bought in multiple transactions at prices ranging from $14.32 to $14.80. The acquisition comes as the stock trades near its 52-week low of $13.40, having declined 44% over the past year.
Following this transaction, Yemin’s indirect ownership, held through Yemin Investments, LP, now totals 823,030 shares. Additionally, Yemin holds direct ownership of 189,186.047 shares. The company currently offers a notable 7.1% dividend yield, according to InvestingPro data.
Delek US Holdings, headquartered in Brentwood, Tennessee, operates in the petroleum refining industry. The company faces financial challenges with a debt-to-equity ratio of 9.75 and currently maintains a Weak financial health score based on comprehensive analysis of multiple metrics.
In other recent news, Delek US Holdings Inc. reported a challenging fourth quarter for 2024, with earnings per share at -$2.54, falling short of the forecasted -$1.89. Revenue also missed expectations, totaling $2.37 billion compared to the anticipated $2.64 billion. Despite these results, the company is focusing on operational improvements and strategic initiatives, such as the Enterprise Optimization Plan, to enhance future performance. Analyst Justin Jenkins from Raymond (NSE:RYMD) James revised the price target for Delek to $24, down from $25, while maintaining an Outperform rating, citing ongoing strategic efforts as a positive factor for the company’s market position. Jenkins noted that Delek’s stock is trading at a valuation discounted to its fair value, suggesting potential for future gains if management’s strategic actions succeed. The company’s efforts include retail sales, midstream acquisitions, and contract extensions. Furthermore, Delek has set a 2025 capital outlook of $150 million to $170 million and expects no major turnarounds for the year, indicating a focus on cash flow improvement.
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