BRENTWOOD, Tenn.—Yemin Ezra Uzi, Government Chairman of Delek US Holdings, Inc. (NYSE:), just lately acquired 3,000 shares of the corporate’s widespread inventory, in response to a submitting with the Securities and Change Fee. The shares had been bought at a worth of $16.50 every, totaling an funding of $49,500. The acquisition comes because the inventory trades close to its 52-week low of $15.36, with InvestingPro knowledge displaying the corporate presently presents a notable 5.8% dividend yield.
Following this transaction, Uzi holds 817,945 shares not directly by way of Yemin Investments, LP, in addition to 195,517 shares instantly. This newest acquisition underscores Uzi’s ongoing dedication to the corporate, which operates within the petroleum refining sector. In line with InvestingPro, the corporate operates with a big debt burden, with a debt-to-equity ratio of 4.36. For deeper insights, together with 8 extra ProTips and complete evaluation, buyers can entry the complete Analysis Report on InvestingPro.
Delek US Holdings, headquartered in Brentwood, Tennessee, continues to be a big participant within the power and transportation trade, with annual revenues exceeding $13.8 billion and a market capitalization of $1.1 billion.
In different current information, Delek US Holdings reported a third-quarter adjusted lack of $1.45 per share, surpassing analyst estimates of a $1.66 per share loss. Nonetheless, the corporate’s income of $3.04 billion fell in need of the projected $3.24 billion. Delek’s refining phase skilled a decline resulting from decrease crack spreads, with adjusted EBITDA dropping to $10.2 million from $296.1 million within the earlier 12 months. Alternatively, the logistics phase noticed a rise in adjusted EBITDA to $106.1 million from $96.5 million the earlier 12 months.
CEO Avigal Soreq expressed satisfaction with the progress made on operational enhancements and value reductions. Throughout this era, Delek accomplished varied strategic transactions, together with the sale of its retail belongings for $390 million and transferring its curiosity within the Wink to Webster pipeline to Delek Logistics (NYSE:) Companions. As well as, the corporate paid $16.4 million in dividends and introduced an everyday quarterly dividend of $0.255 per share. These are among the current developments which have taken place at Delek US Holdings.
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