BRENTWOOD, Tenn.—Yemin Ezra Uzi, Executive Chairman of Delek US Holdings, Inc. (NYSE:DK), recently acquired 3,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased at a price of $16.50 each, totaling an investment of $49,500. The purchase comes as the stock trades near its 52-week low of $15.36, with InvestingPro data showing the company currently offers a notable 5.8% dividend yield.
Following this transaction, Uzi holds 817,945 shares indirectly through Yemin Investments, LP, as well as 195,517 shares directly. This latest acquisition underscores Uzi's ongoing commitment to the company, which operates in the petroleum refining sector. According to InvestingPro, the company operates with a significant debt burden, with a debt-to-equity ratio of 4.36. For deeper insights, including 8 additional ProTips and comprehensive analysis, investors can access the full Research Report on InvestingPro.
Delek US Holdings, headquartered in Brentwood, Tennessee, continues to be a significant player in the energy and transportation industry, with annual revenues exceeding $13.8 billion and a market capitalization of $1.1 billion.
In other recent news, Delek US Holdings reported a third-quarter adjusted loss of $1.45 per share, surpassing analyst estimates of a $1.66 per share loss. However, the company's revenue of $3.04 billion fell short of the projected $3.24 billion. Delek's refining segment experienced a decline due to lower crack spreads, with adjusted EBITDA dropping to $10.2 million from $296.1 million in the previous year. On the other hand, the logistics segment saw an increase in adjusted EBITDA to $106.1 million from $96.5 million the previous year.
CEO Avigal Soreq expressed satisfaction with the progress made on operational improvements and cost reductions. During this period, Delek completed various strategic transactions, including the sale of its retail assets for $390 million and transferring its interest in the Wink to Webster pipeline to Delek Logistics (NYSE:DKL) Partners. In addition, the company paid $16.4 million in dividends and announced a regular quarterly dividend of $0.255 per share. These are some of the recent developments that have taken place at Delek US Holdings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.