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Delek US EVP Reuven Spiegel Sells 700 Shares at $24 Each on July 7, 2023.
ByAinvest
Wednesday, Jul 9, 2025 9:14 pm ET1min read
Delek US Holdings, Inc. (DK) has announced that EVP, Special Projects Spiegel Reuven has sold 700 shares at a price of $24 per share on July 7, 2025.
July 2, 2025 - Delek US Holdings, Inc. (DK) has reported that EVP, Special Projects Spiegel Reuven sold 700 shares of the company's stock on July 7, 2025, at a price of $24.00 per share. The transaction was executed pursuant to a 10b5-1 plan adopted on March 6, 2025, and is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) [1].The sale is part of a broader trend of institutional investors modifying their holdings in Delek US. According to recent reports, several analysts have revised their price targets for Delek US, reflecting a mix of opinions on the company's stock performance. Raymond James Financial, for instance, raised its price target from $22.00 to $23.00, while other firms like Morgan Stanley and Goldman Sachs have also adjusted their targets, albeit with varying ratings [2].
Delek US's latest earnings report, released on May 7, 2025, showed a quarterly earnings per share (EPS) of -$2.32, missing analysts' consensus estimates of -$2.27. The company's revenue for the quarter was $2.64 billion, down 18.1% year-over-year. The stock has been trading down slightly, with a current price of $23.13, and has a market capitalization of $1.40 billion [2].
In addition to the share sale, Delek US has been actively involved in acquisitions to expand its operations. Recently, Ithaca Energy PLC completed the acquisition of JAPEX UK E&P Limited, increasing its interest in the Seagull field from 35% to 50% [3].
The recent transaction and earnings report underscore the company's ongoing efforts to manage its stock and financial health. Investors should closely monitor Delek US's future developments and analyst opinions to make informed investment decisions.
References:
[1] https://www.streetinsider.com/SEC+Filings/Form+4+Delek+US+Holdings%2C+Inc.+For%3A+Jul+07+Filed+by%3A+Spiegel+Reuven/25034881.html
[2] https://www.marketbeat.com/instant-alerts/raymond-james-financial-forecasts-strong-price-appreciation-for-delek-us-nysedk-stock-2025-06-30/
[3] https://www.tradingview.com/news/reuters.com,2025-07-07:newsml_RSG0004Qa:0-reg-ithaca-energy-plc-delek-group-dlekg-completion-of-acquisition-of-japex-uk-e-p-limited/
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