Callodine Exits Delek US Holdings, Liquidating $15.19 Million Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 01 2026
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Source: NASDAQ.COM
- Exit Decision: Callodine Capital Management fully liquidated its position in Delek US Holdings during Q3 by selling 717,245 shares worth $15.19 million, reflecting a strategic reassessment of market opportunities.
- Asset Allocation Shift: This exit reduced Delek's stake from 1.57% to 0%, indicating the fund's cautious stance towards capital-intensive and cyclical businesses, which may affect future earnings volatility.
- Market Performance Comparison: Delek's stock price surged 60% over the past year, while the S&P 500 only rose about 16% in the same period, highlighting the company's superior performance in the energy market and attracting investor interest.
- Profitability Analysis: Although Delek reported a profit of $178 million in the latest quarter, a significant improvement from a $76.8 million loss a year earlier, its earnings remain sensitive to regional fuel demand fluctuations, indicating market uncertainties.
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Analyst Views on DK
Wall Street analysts forecast DK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DK is 40.91 USD with a low forecast of 33.00 USD and a high forecast of 53.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
3 Buy
8 Hold
0 Sell
Moderate Buy
Current: 28.940
Low
33.00
Averages
40.91
High
53.00
Current: 28.940
Low
33.00
Averages
40.91
High
53.00
About DK
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The Company's segments include Refining and Logistics. The Refining segment processes crude oil and other feedstocks for the manufacture of transportation motor fuels, including various grades of gasoline, diesel fuel and aviation fuel, asphalt and other petroleum-based products that are distributed through owned and third-party product terminals. The Refining segment also owns three biodiesel facilities, located in Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi. The Logistics segment is engaged in gathering, transporting and storing crude oil and natural gas, marketing, distributing, transporting and storing intermediate and refined products and disposing and recycling water in select regions of the southeastern United States and North Dakota, the Midland Basin in Texas, the Delaware Basin in New Mexico and West Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Delek US Holdings Shares Fall 1.7% Following Report of Texas Refinery Emissions Caused by Equipment Issues in Cold Weather (Refinery Location Specified)
- Stock Performance: Refined Holdings shares dipped by 1.7% following recent core reports.
- Operational Issues: The decline is attributed to refinery emissions caused by equipment faults amid cold weather conditions.
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Kawa Capital Management Exits Delek US Holdings with $6.45 Million Sale
- Complete Exit: Kawa Capital Management disclosed in a SEC filing that it sold its entire 200,000-share position in Delek US Holdings for approximately $6.45 million, marking a complete exit from its investment in the company.
- Asset Allocation Shift: This transaction reduced Delek's holdings from 11.7% of Kawa's 13F AUM to zero, indicating a diminished confidence in Delek's future performance by the fund.
- Market Performance: As of January 20, 2026, Delek's shares were priced at $26.68, reflecting a 45.47% increase over the past year, outperforming the S&P 500 by 28.34 percentage points, showcasing its relative strength in the market.
- Investor Caution: Delek's quarterly operating margins have fluctuated significantly, with a five-year average of only 0.5%, and while total returns reached 60%, the high volatility suggests the stock may be better suited for traders rather than long-term investors.
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