HollyFrontier Corp (HFC): Today's Featured Basic Materials Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

HollyFrontier ( HFC) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.2%. By the end of trading, HollyFrontier fell $0.57 (-1.2%) to $45.40 on light volume. Throughout the day, 1,255,159 shares of HollyFrontier exchanged hands as compared to its average daily volume of 2,943,000 shares. The stock ranged in price between $45.19-$46.21 after having opened the day at $46.04 as compared to the previous trading day's close of $45.97. Other companies within the Basic Materials sector that declined today were: Crosshair Energy ( CXZ), down 20.0%, Tengasco ( TGC), down 12.7%, Pacific Booker Minerals ( PBM), down 12.7% and Global Geophysical Services ( GGS), down 6.2%.

HollyFrontier Corporation operates as an independent petroleum refiner and marketer in the United States. It produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquefied petroleum gas, fuel oil, and specialty and modified asphalt. HollyFrontier has a market cap of $9.2 billion and is part of the energy industry. Shares are down 1.2% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate HollyFrontier a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates HollyFrontier as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, BioAmber ( BIOA), up 20.2%, Alexco Resource ( AXU), up 16.5%, USEC ( USU), up 12.2% and China Gengsheng Minerals ( CHGS), up 11.4% , were all gainers within the basic materials sector with Monsanto Company ( MON) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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