Time to buy the refiners, Howard Weil says

|By:, SA News Editor

Shares of refining companies move higher after Howard Weil's positive note on the sector, whose relative underperformance provides an opportunity for investors who felt they had missed their opportunity to participate in the U.S. energy renaissance to have another shot.

The firm singles out three stocks for upgrades: HollyFrontier (HFC +2%) and Valero (VLO +0.2%) are upgraded to Outperform from Sector Perform, while Marathon Petroleum (MPC +1.6%) is made a Focus Stock.