Delek US Holdings director Richard Marcogliese buys $22,457 in stock

BRENTWOOD, Tenn.—Richard Marcogliese, a director of Delek US Holdings, Inc. (NYSE:DK), recently purchased shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. On March 12, Marcogliese acquired a total of 1,540 shares in two separate transactions. The insider purchase comes as the stock trades near its 52-week low of $13.40, having declined 44.4% over the past year, according to InvestingPro data.

The purchases were made at prices ranging from $14.5485 to $14.5997 per share, culminating in a total investment of $22,457. Following these acquisitions, Marcogliese’s direct ownership in Delek US Holdings increased to 44,933 shares. The company currently offers a substantial 6.98% dividend yield, though InvestingPro analysis indicates the company operates with a significant debt burden and weak financial health metrics.

Delek US Holdings, a company engaged in petroleum refining, continues to be a focus of investor attention, with insider transactions often scrutinized for potential insights into the company’s future performance. Seven analysts have recently revised their earnings expectations downward for the upcoming period, highlighting potential challenges ahead. For deeper insights into Delek’s financial health and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro.

In other recent news, Delek US Holdings reported a challenging fourth quarter for 2024, with earnings per share at -$2.54, falling short of the forecasted -$1.89. The company also reported revenue of $2.37 billion, missing the expected $2.64 billion, and a net loss of $414 million. Despite these setbacks, Delek is focusing on operational improvements and strategic initiatives, such as the Enterprise Optimization Plan, to enhance future performance. Analyst firm Raymond (NSE:RYMD) James recently adjusted Delek’s price target from $25 to $24 but maintained an Outperform rating, citing optimism in the company’s strategic measures. The analyst highlighted Delek’s ongoing efforts in retail sales, midstream acquisitions, and contract extensions as part of its strategy to improve financial performance. The company has also set a 2025 standalone capital outlook of $150 million to $170 million, with no major turnarounds planned for the year. Delek remains committed to operational excellence and cash flow improvement, aiming to bolster its financial standing despite current market challenges.

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