Delek Logistics EVP Hobbs Buys 4,000 Shares for $200,000
The insider acquired stock at $50 per share on the heels of a public offering.
Overview
Mark Wayne Hobbs, EVP of Delek Logistics Partners (NYSE:DKL), purchased 4,000 shares of the company on Aug, 13, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($50.00); post-transaction value based on Aug. 13, 2026, market close ($52.30).
Details
Delek Logistics Partners is a substantial midstream energy infrastructure operator with $1.2 billion in TTM revenue and a market capitalization of $3.1 billion. The company's integrated asset portfolio across pipelines, transportation, and terminalling operations provides diversified revenue streams and positions it as a key logistics provider within the petroleum supply chain. The partnership structure and focus on essential midstream infrastructure provide a foundation for stable, recurring cash flows in the energy sector.
Source
Originally published at www.fool.com.