Delek US Holdings CEO Yameen Ezra Uzi Buys Stocks Worth $49,500 By Investing.com

BRENTWOOD, Tennessee – The right of Ezra Uzi, CEO of Delek US Holdings, Inc., has taken over. (NYSE:), 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 $16.50 per share, for a total investment of $49,500. The purchase comes with the stock trading near its 52-week low of $15.36 InvestingPro Data shows that the company is currently offering a remarkable yield of 5.8%.

Following this transaction, Uzi owns 817,945 shares indirectly through Yemin Investments, LP, in addition to 195,517 shares directly. This latest acquisition underscores Uzi’s continued commitment to the company operating in the petroleum refining sector. according to InvestingProThe company operates with a high debt load, with a debt-to-equity ratio of 4.36. For deeper insights, including 8 additional ProTips and comprehensive analysis, investors can access the full InvestingPro research report.

Delek US Holdings, headquartered in Brentwood, Tennessee, remains an important player in the energy and transportation industry, with annual revenue 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, beating analysts’ estimates of a loss of $1.66 per share. However, the company’s revenue of $3.04 billion was less than the $3.24 billion expected. Delek’s refining segment saw a decline due to lower profit margins, with adjusted EBITDA falling to $10.2 million from $296.1 million a year earlier. On the other hand, the Logistics segment saw an increase in adjusted EBITDA to US$106.1 million from US$96.5 million in the previous year.

CEO Avigal Sorek expressed satisfaction with the progress made in operational improvements and cost reductions. During this period, Delek completed several strategic transactions, including the sale of its retail assets for $390 million and the transfer of its interest in the Wink to Webster pipeline to Delek Logistics Partners (NYSE:). In addition, the company paid a dividend of $16.4 million and declared a regular quarterly dividend of $0.255 per share. These are some of the recent developments that have taken place at Delek US Holdings.

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