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NEW YORK ( TheStreet) -- Holly Corporation (NYSE: HOC) hit a new 52-week high Wednesday as it is currently trading at $68.66, above its previous 52-week high of $68.26 with 1.2 million shares traded as of 12:06 p.m. ET. Average volume has been 1.5 million shares over the past 30 days. Holly has a market cap of $3.3 billion and is part of the basic materials sector and energy industry. Shares are up 60.7% year to date as of the close of trading on Tuesday. Holly Corporation, together with its subsidiaries, operates as a petroleum refiner in the United States. The company has a P/E ratio of 16.5, above the average energy industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.