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.
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TheStreet Ratings rates Holly as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Holly Ratings Report.

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