As reported in a recent SEC filing, on August 9, 2024, Avigal Soreq, President and CEO of Delek US Holdings Inc (NYSE:DK), purchased 5,651 shares of the company’s stock. Following this transaction, the insider now owns a total of 188,881 shares of Delek US Holdings Inc.
Delek US Holdings Inc operates in the petroleum refining industry and also operates in logistics and convenience store retail. The company’s refineries produce a variety of petroleum products, including gasoline, diesel fuel, and jet fuel, and are primarily distributed in the southeastern and southwestern United States.
Insider purchases are part of a broader trend within the company. There were 2 insider buys and 15 insider sells over the past year. The trading history reflects mixed sentiments among insiders, with more sells than buys.
Delek US Holdings Inc.’s stock was priced at $20.42 on the trading day. The company’s market capitalization is approximately $1.36 billion. According to GF Value, the stock’s intrinsic value is estimated at $25.53, with a price to GF Value ratio of 0.8, suggesting the stock is moderately undervalued.
GF Value is calculated considering historical multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio, price-to-free cash flow, along with GuruFocus adjustment factors based on past earnings and growth and future business prospects. Masu. Earnings forecasts by Morningstar analysts.
Insider Purchase: President and CEO Avigal Soreq acquires stock in Delek US Holdings Inc (DK)
Insider Purchase: President and CEO Avigal Soreq acquires stock in Delek US Holdings Inc (DK)
This insider buying activity could be a signal to investors, especially considering the stock’s current valuation relative to GF value. Investors and analysts will be watching closely to see if other insiders follow this buying trend in the coming months.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
