Provident Co of the Employees of the Hebrew University has established a new position in Delek US Holdings (DK), acquiring 72,679 shares valued at approximately $2.60 million during Q1 2026. This investment represents 5.17% of Provident’s reportable assets under management as of March 31, 2026, and the stake’s value rose to $3.28 million by quarter-end due to market performance. Delek’s shares have surged 153.2% over the past year, significantly outperforming the S&P 500.
This move underscores a growing interest in growth-oriented stocks within the energy sector, particularly amid ongoing volatility driven by geopolitical factors and regulatory changes. Despite a trailing net income of negative $51.40 million, Delek has outperformed analysts’ expectations and is expanding its refining and midstream infrastructure. The company’s strategic initiatives, including pursuing an EPA renewable-fuel exemption, could enhance its profitability.
For investors seeking exposure to the energy sector, Delek presents an intriguing opportunity, while those preferring lower risk may consider diversified energy ETFs like the Energy Select Sector SPDR Fund (XLE).
Source: fool.com