Why Delek Holdings Rallied Today
The small refiner is benefiting from a fire at Delta's wholly owned refining facility.
Why Delek Holdings Rallied Today
Overview
Shares of U.S. jet fuel refinery Delek U.S. (NYSE: DK) rallied on Thursday, up 6% on the trading day, even as markets overall were flat.
Delek is a small- to mid-cap refining stock that also owns a 63% stake in Delek Logistics Partners (NYSE: DKL). While the company is small, it is also known for having a high percentage of refining revenue coming from jet fuel, compared with most other domestic fuel refineries.
Details
Today, a fire at another U.S. refinery that primarily supplies jet fuel, owned by one of the major U.S. airlines, spurred a rally in Delek, which could become a beneficiary.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
