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Oil and Gas Refining and Marketing

Adams Resources and Energy, Inc. (NYSE: AE) – OVER VALUEDVALUE TRAP – The stock is currently trading at levels below my most recent $80 initiate target AND the company’s annual shareholder return has been negative for three consecutive fiscal years. Please See Linked PDF Worksheet.
Revised on 07/24/2021

CVR Energy, Inc. (NYSE: CVI) – FAIRLY VALUED – The stock is currently trading at levels above my most recent $10 initiate target, but below my most recent $17 reduce target. Please See Linked PDF Worksheet.
Revised on 07/25/2021

Hess Corporation (NYSE: HES) – FYE 12/2020 – FAIRLY VALUED – The stock is currently trading at levels above my most recent $60 initiate target, but below my most recent $108 reduce target. Please See Linked PDF Worksheet.
Revised on 06/19/2021

HollyFrontier Corporation (NYSE: HFC) – FYE 12/2020 – UNDER VALUED – The stock is currently trading at levels below my most recent $39 initiate target. Please See Linked PDF Worksheet.
Revised on 03/03/2021

Marathon Oil Corporation (NYSE: MRO) – VALUE TRAP – The stock is currently trading at levels below my most recent $30 initiate target AND the company’s annual shareholder return has been negative for three consecutive fiscal years. Please See Linked PDF Worksheet.
Revised on 07/22/2021

Marathon Petroleum Corporation (NYSE: MPC) – OVER VALUED – The stock is currently trading at levels above my most recent $39 terminate target. Please See Linked PDF Worksheet.
Revised on 07/23/2021

Murphy Oil Corporation (NYSE: MUR) – UNDER VALUED – The stock is currently trading at levels below my most recent $102 initiate target. Please See Linked PDF Worksheet.
Revised on 07/26/2021

PBF Energy, Inc. (NYSE: PBF) – NO VALUE – The company has no discernible investment value as an on going concern at this time. Please See Linked PDF Worksheet.
Revised on 07/28/2021

Phillips 66 (NYSE: PSX) – FYE 12/2020 – OVER VALUED – The stock is currently trading at levels above my most recent $73 terminate target. Please See Linked PDF Worksheet.
Revised on 07/08/2021

Valero Energy Corporation (NYSE: VLO) – FYE 12/2020 – OVER VALUED – The stock is currently trading at levels above my most recent $66 terminate target. Please See Linked PDF Worksheet.
Revised on 06/23/2021

World Fuel Services Corporation (NYSE: INT) – FYE 12/2019 – UNDER VALUED – The stock is currently trading at levels below my most recent $51 initiate target. Please See Linked PDF Worksheet.
Revised on 07/31/2020

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.