After holding up relatively well during much of the oil downturn, shares of oil refiners HollyFrontier Corp. (NYSE: HFC) and Phillips 66 (NYSE: PSX) have taken a beating recently, with rising oil prices squeezing their spreads and cutting margins. Since crude prices bottomed out in mid-February 2016, these two stocks are far down from their highs. As of this writing, Phillips 66 is down 14% from its oil-bottom peak while HollyFrontier has fallen nearly 31%.
Published in TZ Latest News 31 March, 2017 by The TZ Newswire Staff
Better Buy: Phillips 66 vs. HollyFrontier Corp.
Published in TZ Latest News 31 March, 2017 by The TZ Newswire Staff
Better Buy: Phillips 66 vs. HollyFrontier Corp.
After holding up relatively well during much of the oil downturn, shares of oil refiners HollyFrontier Corp. (NYSE: HFC) and Phillips 66 (NYSE: PSX) have taken a beating recently, with rising oil prices squeezing their spreads and cutting margins. Since crude prices bottomed out in mid-February 2016, these two stocks are far down from their highs. As of this writing, Phillips 66 is down 14% from its oil-bottom peak while HollyFrontier has fallen nearly 31%.