Provident Co Invests $2.6M in Delek US

Provident Co, the pension fund for Hebrew University employees, recently acquired a significant stake in Delek US Holdings, a downstream energy company specializing in refining and distributing gasoline, diesel, and jet fuel. This new position, valued at $2.6 million, accounts for 5.17% of their reportable assets and is expected to benefit from Deleks refinery expansions and EPA exemption push. Despite posting a net loss, Deleks shares have surged by 153.2% over the past year, outperforming the S&P by over 126 points. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8bdc4460c951ec70