Patterson adds patent attorney/engineer

Former Fish & Richardson principal joins as of counsel
Nov 17, 2015 6:54 AM

Delek forming JV to build rail terminal

Ethanol project expected to up and running late next year
Nov 6, 2015 9:13 AM

Delek Logistics again lifts dividend

The board of Delek Logistics Partners has hiked the company's quarterly dividend payment to 57 cents per share from 55 cents. The move means the payout is 16 percent above that of a year ago and will — based on the company's stock price today (Ticker: DKL) — boost its yield to about 6.8 percent. Investors of record Nov. 6 will be paid a week later.

Oct 29, 2015 10:54 AM

Delek director resigns after five months

An executive who joined the board of Delek US Holdings earlier this year has resigned from the body to pursue other ventures.

Yonel Cohen came to Delek after the Brentwood-based company acquired a 48 percent stake in Alon USA Energy. Cohen was one of five Alon directors who stepped aside to make room for Delek representatives but soon after was named to Delek’s board.

In a filing with regulators, Delek says his resignation was not because of any disagreement with the company over its operations, policies or practices.

Cohen is, among other things, chairman of the board of Golden House Ltd., a company listed on the Tel Aviv Stock Exchange, and a former CEO of Migdal Group, the largest insurance group in Israel.

Shares of Delek (Ticker: DK) rose more than 3 percent to $26.66 Wednesday. Year to date, they’re off slightly.

Oct 29, 2015 7:06 AM

Delek Logistics CEO adds to stake

Uzi Yemin, the chairman and CEO of Delek Logistics Partners, late last week shelled out more than $500,000 to boost his stake in the Brentwood-based owner of oil refining and pipelines. The purchases, made under a new stock trading plan, grew Yemin's stake in Delek Logistics about 7 percent to almost 231,000 limited partner units. Those securities (Ticker: DKL) closed at $31.54 Tuesday and are down about 11 percent so far this year.

Oct 28, 2015 7:24 AM

Piedmont Natural Gas selling to Charlotte neighbor

With debt, deal worth $6.7B
Oct 26, 2015 7:31 AM

BofA analyst: Delek now a good value

Bank of America Merrill Lynch analyst Doug Leggate says investors looking for a deal will do well to buy into Delek US Holdings here. Making a valuation call — Delek is down by a third over the past three months — Leggate has lifted his rating on the Brentwood-based parent of Mapco to 'neutral' from 'underperform' and has raised his price target to $35. That leaves almost 30 percent of upside from where Delek (Ticker: DK) opened this morning — although the stock is down about 4 percent today.

Oct 19, 2015 1:03 PM

Analyst action: Genesco, Brookdale, Delek

Shares of Genesco are getting a boost today thanks to C.L. King analyst Steven Marotta, who has hiked his rating on the Nashville-based company to 'strong buy' from 'buy.' As of 11:10 a.m., Genesco (Ticker: GCO) was up almost 5 percent to $60.65. The shares are still down about 20 percent year to date, though.

Brookdale Senior Living stock is headed in the other direction today, thanks to Kevin Fischbeck at Bank of America Merrill Lynch's downgrade of the company to 'neutral.' Fischbeck's call comes a day after Brian Tanquilut at Jefferies trimmed his price target for Brookdale to $40 from $44. Late this morning, Brookdale (Ticker: BKD) was trading at $23 and change.

And lastly, Roger Read at Wells Fargo has grown more constructive on several parts of the energy sector. That led him to lift his ratings this week on Delek US Holdings and other oil refiners to 'outperform' from 'market perform.' Delek shares (Ticker: DK) are up slightly Thursday to about $27.50 and are flat year to date.

Oct 8, 2015 12:39 PM

Delek busily buying back

Share of Delek US Holdings couldn't escape the market gyrations of the past month, when they fell more than 15 percent (Ticker: DK) to below $30. That spurred the board of the Brentwood-based energy company to kick into high gear its stock buyback program. In a Wednesday update to their investor presentation, the company's leaders say they have since Aug. 19 spent almost $21 million on their own shares. That amounts to 1 percent of the company's market value as of Aug. 18, when the stock closed at $35.40. On Thursday, they were up more than 4 percent to about $31.

Sep 10, 2015 1:51 PM

PHG buys Knoxville alternative energy firm

Companies already working together on Sevier County project
Sep 10, 2015 12:50 PM