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Oil and Gas Refining and Marketing

Adams Resources and Energy, Inc. (NYSE: AE) – OVER VALUED – VALUE 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) – FYE 12/2021 – UNDER VALUED – The stock is currently trading at levels below my most recent $37 initiate target. Please See Linked PDF Worksheet.
Revised on 07/19/2022

Hess Corporation (NYSE: HES) – FYE 12/2021 – FAIRLY VALUED – The stock is currently trading at levels above my most recent $107 initiate target, but below my most recent $191 reduce target. Please See Linked PDF Worksheet.
Revised on 06/30/2022

HollyFrontier Corporation (NYSE: HFE) – FYE 12/2021 – UNDER VALUED – The stock is currently trading at levels below my most recent $73 initiate target. Please See Linked PDF Worksheet.
Revised on 07/01/2022

Marathon Oil Corporation (NYSE: MRO) – FYE 12/2021 – UNDER VALUED – The stock is currently trading at levels below my most recent $69 initiate target. Please See Linked PDF Worksheet.
Revised on 07/05/2022

Marathon Petroleum Corporation (NYSE: MPC) – FYE 12/2021 – UNDER VALUED – The stock is currently trading at levels below my most recent $133 initiate target. Please See Linked PDF Worksheet.
Revised on 04/01/2022

Murphy Oil Corporation (NYSE: MUR) – FYE 12/2021 – UNDER VALUED – The stock is currently trading at levels below my most recent $93 initiate target. Please See Linked PDF Worksheet.
Revised on 07/03/2022

PBF Energy, Inc. (NYSE: PBF) – FYE 12/2021 – UNDER VALUED – The stock is currently trading at levels below my most recent $XX initiate target. Please See Linked PDF Worksheet.
Revised on 01/03/2023

Phillips 66 (NYSE: PSX) – FYE 12/2021 – UNDER VALUED – The stock is currently trading at levels below my most recent $146 initiate target. Please See Linked PDF Worksheet.
Revised on 07/04/2022

Valero Energy Corporation (NYSE: VLO) – FYE 12/2021 – REDUCE – The stock is currently trading at levels at or above my most recent $80 reduce target, but below my most recent $103 terminate target. Please See Linked PDF Worksheet.
Revised on 03/15/2022

World Fuel Services Corporation (NYSE: INT) – FYE 12/2021 – UNDER VALUED – The stock is currently trading at levels below my most recent $45 initiate target. Please See Linked PDF Worksheet.
Revised on 07/06/2022

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