A director at Delek US Holdings Inc. sold 27,688 common shares for approximately $1.91 million on August 24, according to regulatory filings. The transaction was executed at a weighted average price of $69.01 per share, with prices ranging between $69.00 and $69.15. Following the sale, Sullivan Jr. retains direct ownership of 32,004 shares in the company.
The disposal occurred as Delek US shares traded at $70.84, near the 52-week high of $72.00. Over the past year, the stock has appreciated 168%, though the company's shares declined despite strong quarterly results. The director's sale follows a 94.3% earnings-per-share beat and a 20.7% revenue beat in the second quarter of 2026.
Delek US reported adjusted EPS of $5.48 for Q2 2026, exceeding analyst expectations of $2.82. Revenue totaled $4.09 billion, surpassing projections of $3.39 billion. Despite the financial outperformance, the company's stock faced downward pressure, attributed to concerns over refining sector volatility, regulatory challenges, and uncertainty surrounding future outlooks.
