BRENTWOOD, Tenn.—Yemin Ezra Uzi, govt chairman of Delek US Holdings, Inc. (NYSE:), lately acquired 3,000 shares of the corporate’s widespread inventory, in keeping with a submitting with the Securities and Change Fee. The shares had been bought at a value 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 InvestPro knowledge exhibiting that the corporate at present provides a notable dividend yield of 5.8%.
On account of this transaction, Uzi owns 817,945 shares not directly by way of Yemin Investments, LP, in addition to 195,517 shares immediately. This newest acquisition highlights Uzi’s continued dedication to the corporate which operates within the oil refining sector. In response to InvestProthe corporate operates with important leverage, with a debt-to-equity ratio of 4.36. For extra in-depth info, together with 8 further ProTips and full evaluation, traders 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 sector, with annual revenues exceeding $13.8 billion and market capitalization of $1.1 billion.
Individually, Delek US Holdings reported an adjusted third-quarter lack of $1.45 per share, beating analysts’ estimates of a lack of $1.66 per share. Nonetheless, the corporate’s income of $3.04 billion was decrease than the forecasted $3.24 billion. Delek’s refining phase noticed a decline as a result of decrease crack spreads, with adjusted EBITDA falling to $10.2 million from $296.1 million the 12 months earlier than. However, the logistics sector noticed its adjusted EBITDA enhance to $106.1 million from $96.5 million the earlier 12 months.
CEO Avigal Soreq expressed satisfaction with the progress made in operational enhancements and price reductions. Throughout this era, Delek accomplished numerous strategic transactions, together with the sale of its retail property for $390 million and the switch of its curiosity within the Wink to Webster pipeline to Delek Logistics (NYSE:) Companions. Moreover, the corporate paid $16.4 million in dividends and introduced a daily quarterly dividend of $0.255 per share. These are a number of the latest developments at Delek US Holdings.
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