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Oil and Gas Refining and Marketing

Adams Resources and Energy, Inc. (NYSE: AE) – FYE 12/2019 – UNDER VALUED – The stock is currently trading at levels below my most recent $73 initiate target. Please See Linked PDF Worksheet.
Revised on 08/06/2020

CVR Energy, Inc. (NYSE: CVI) – FYE 12/2019 – UNDER VALUED – The stock is currently trading at levels below my most recent $56 initiate target. Please See Linked PDF Worksheet.
Revised on 08/07/2020

Hess Corporation (NYSE: HES) – FYE 12/2019 – FAIRLY VALUED – The stock is currently trading at levels above my most recent $39 initiate target, but below my most recent $82 reduce target. Please See Linked PDF Worksheet
Revised on 06/14/2020

HollyFrontier Corporation (NYSE: HFC) – FYE 12/2019 – INITIATE – The stock is currently trading at levels in line with or below my most recent $64 initiate target. Please See Linked PDF Worksheet
Revised on 04/25/2020

Marathon Oil Corporation (NYSE: MRO) – FYE 12/2019 – VALUE TRAP – The stock is currently trading at levels below my most recent $48 initiate target AND the company’s annual shareholder return has been negative for three consecutive fiscal years. Please See Linked PDF Worksheet.
Revised on 07/26/2020

Marathon Petroleum Corporation (NYSE: MPC) – 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 07/27/2020

Murphy Oil Corporation (NYSE: MUR) – FYE 12/2019 – UNDER VALUED – The stock is currently trading at levels below my most recent $55 initiate target. Please See Linked PDF Worksheet.
Revised on 07/28/2020

PBF Energy, Inc. (NYSE: PBF) – FYE 12/2019 – INITIATE – The stock is currently trading at levels in line with or below my most recent $33 initiate target. Please See Linked PDF Worksheet
Revised on 04/21/2020

Phillips 66 (NYSE: PSX) – FYE 12/2019 – FAIRLY VALUED – The stock is currently trading at levels above my most recent $64 initiate target, but below my most recent $134 reduce target. Please See Linked PDF Worksheet.
Revised on 07/08/2020

Valero Energy Corporation (NYSE: VLO) – FYE 12/2019 – UNDER VALUED – The stock is currently trading at levels below my most recent $153 initiate target. Please See Linked PDF Worksheet.
Revised on 07/30/2020

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.