Delek Logistics President Soreq Buys 2,500 Shares
This purchase signals confidence in the company, as one of the few reasons to buy shares is that someone believes the stock price will go up.
Overview
Avigal Soreq, President of Delek Logistics Partners (NYSE:DKL), purchased 2,500 shares of the company on Aug. 13, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($50); 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.