Delek US Holdings is a diversified energy company primarily involved in the refinement, logistics, and marketing of petroleum products
The company operates refineries that convert crude oil into various fuels and other petrochemical products, serving both wholesale and retail markets. In addition to its refining operations, Delek also engages in the transportation and distribution of these products through an extensive network of pipelines and terminal facilities. The organization is committed to sustainable practices while meeting the evolving energy needs of customers across the United States.
Delek Logistics Partners pays a high yield, over 10% with shares near a long-term low, and the insiders are buying it. Analysts and institutions also buy.
Delek Logistics Partners shares are trading lower by 12% Wednesday afternoon. The company priced its public offering of 3.85 million common units at $39.00 per unit.
What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of June 10-14, 2024.
