Why These Energy Stocks Are Losing This Week

6. Delek US Holdings, Inc. (NYSE:DK)

Share Price Decline Between Sep 5 – Sep 12: 10.92%

Delek US Holdings, Inc. (NYSE:DK) is a diversified downstream energy company specializing in petroleum refining, asphalt, renewable fuels, and logistics.

Delek US Holdings, Inc. (NYSE:DK) rallied earlier this month after Wolfe Research upgraded the stock from ‘Peer Perform’ to ‘Outperform’ with a price target of $40. The refiner has been helped by the partial grant of small refining exemptions by the Trump administration and not yet discounting expectations that the company could receive this benefit also going forward. So the recent downturn in share price could be due to investors taking their profits.

Investor confidence was also shaken following reports that Robert G. Wright, Senior Vice President and Deputy CFO at Delek US Holdings, Inc. (NYSE:DK), recently sold 7,135 shares of the company’s stock with a total transaction value of $208,627.