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Delek Shares Jumped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Delek US Holdings (NYSE: DK  ) are on the mend today. The petroleum refiner was up a little more than 10% in early trading after reporting that normal operations had been restored at its Tyler, Texas, plant.

So what: The news comes on the heels of a report in the industry trade publication Offshore that Israeli parent company Delek Group is negotiating to acquire a majority stake in diversified real estate firm Cohen Development.

Now what: If there are synergies that offer a rationale for the deal, it's not obvious from Offshore's reporting, nor from the company's records in S&P Capital IQ. Yet synergy may not be the point. Delek Group has a diverse array of holdings, including stakes in El Al Airlines and Tower Semiconductor (Nasdaq: TSEM  ) , among others. The implication? While Delek US investors have good reason to celebrate the end of trouble in Texas today, there's much more to the company behind this company. Have a different take? Please weigh in using the comments box below.

Interested in more information about Delek US Holdings? Add it to your watchlist by clicking here.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Related Tickers

10/28/2016 12:15 PM
DK $17.08 Down -0.16 -0.93%
Delek US Holdings CAPS Rating: *****
TSEM $15.86 Up +0.03 +0.19%
Tower Semiconducto… CAPS Rating: **