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Fly News Breaks for February 28, 2020
Feb 28, 2020 | 06:06 EDT
Piper Sandler analyst Ryan Todd upgraded HollyFrontier (HFC) to Overweight from Neutral with a price target of $53, down from $64. The analyst cites the company's "preferred positioning" among inland/smidcap refiners for the upgrade. He prefers HollyFrontier over Delek US (DK), PBF Energy (PBF) or Par Pacific (PARR) among inland and SMID-cap refiners.
News For HFC;DK;PBF;PARR From the Last 2 Days
Sep 22, 2021 | 11:43 EDT
The U.S. Environmental Protection Agency is proposing big cuts to the nation's biofuel blending requirements for the years 2020, 2021 and 2022, in a move that is sure to anger farmers and biofuel producers, Reuters' Stephanie Kelly and Jarrett Renshaw report, citing a document seen by the publication. The proposal is a win for the oil industry, which argued for the cuts due to an overall slowdown in fuel demand during the coronavirus pandemic. The agency would reduce the mandates for 2020 and 2021 to about 17.1 billion gallons and about 18.6 billion gallons, the document showed. The agency also would set the level for 2022 at about 20.8 billion gallons. Publicly traded companies in the space include Delek US (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO), Western Refining (WNR), Aemetis (AMTX), Alto Ingredients (ALTO), FutureFuel (FF), Gevo (GEVO), Green Plains (GPRE), Green Plains Partners (GPP) and Rex American Resources (REX). Reference Link