Denver-based Towle & Co. sold all 536,133 shares of Delek US Holdings, worth $17.30 million, according to an SEC filing on February 12. Delek US Holdings shares were priced at $34.52 on February 11, up 86% over the past year, outperforming the S&P 500.

Delek US Holdings produces and markets refined petroleum products, operates convenience stores under various brands, and serves a wide range of customers in the United States. The company generates revenue through refining operations, logistics, transportation, and retail sales. Delek is a diversified downstream energy company with operations in key U.S. markets.

Delek’s strong performance in the past year led to an 86% increase in its stock price. Despite this, Towle & Co. exited its $17.30 million stake in the company in the fourth quarter. Delek reported improved third-quarter results, posting a net income of $178 million. Integrated refiners like Delek can generate significant cash flow in favorable commodity environments.

The Motley Fool Stock Advisor team did not include Delek US in their list of the 10 best stocks to buy now. The top 10 stocks identified by the team could potentially produce significant returns in the future. The Motley Fool Stock Advisor has a total average return of 913%, outperforming the S&P 500 by a large margin.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Delek Us, Magna International, and United Natural Foods. This news article about the $17 million exit from Delek US Holdings was originally published by The Motley Fool.

Read more at Yahoo Finance: This $17 Million Delek Exit Came Amid a Staggering One-Year Stock Surge