DK
Delek US Holdings, Inc. · Energy
45.01
0.62%(-0.28)
Market OpenLast Updated: — ET
52W L: $11.0752W H: $48.32
$45.01
CHG+2.78 (+6.58%)
H$48.76
L$39.50
VOL22M
DK (1h)
Delek US Holdings, Inc. · Energy
SG Americas Securities LLC trimmed its holdings in Delek US Holdings, Inc. (NYSE: DK) by 38.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,056 shares of the oil and gas company's stock after selling 30,236 shares
Director William Finnerty sold 5,000 shares for a transaction value of ~$238,000 on March 27, 2026. The sale represented 12.09% of his direct holdings at the time, reducing his direct position from 41,369 to 36,369 shares.
Delek US Holdings has surged nearly 200% over the past year, driven by regulatory relief and surging crack spreads from geopolitical disruptions. DK benefits from EPA small refinery exemptions and a favorable balance sheet, with $615 million in cash, $889 million in debt, and a valuable DKL stake. I estimate DK's fair value at $53, reflecting both a one-time windfall from the Iran War and normalized free cash flow, implying ~20% upside.
Shares of Delek US Holdings, Inc. DK gained momentum over the last year, following a staggering rise of 203.6%. During the same time period, the company's shares outperformed the sub-industry and the broader oil and energy sector's rally of 55% and 38.4%, respectively.
Refiners are most profitable when oil prices are elevated, gasoline demand remains robust, and refiner margins are high. Refiner margins are dependent on crack spread - the difference between the value of the gasoline and diesel produced and the input cost of crude oil. The 3-2-1 crack spread has already nearly doubled this year from $0.65 to $1.65 per gallon of fuel.
Ezra Uzi Yemin sold a combined 140,006 shares across two separate transactions -- on March 4 and March 18, 2026 -- for a total of roughly $6.1 million. Together, the two transactions reduced Yemin's aggregate holdings by approximately 14.9%, from 938,076 shares pre-transaction to 798,070 shares as of March 18.
FINNERTY WILLIAM J
director
5,000 SH @ $47.50
2026-03-27
Zohar Shlomo
director
7,343 SH @ $46.00
2026-03-19
Yemin Ezra Uzi
director
12,969 SH @ $44.20
2026-03-18
Yemin Ezra Uzi
director
30,525 SH @ $43.73
2026-03-18
Yemin Ezra Uzi
director
3,537 SH @ $44.20
2026-03-18
Yemin Ezra Uzi
director
8,325 SH @ $43.73
2026-03-18
FINNERTY WILLIAM J
director
5,000 SH @ $45.50
2026-03-18
McWatters Denise Clark
officer: EVP, Gen Counsel & Corp Sec
11,988 SH @ $41.33
2026-03-13