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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Wall Street Fundamentals Releases New In-Depth Stock Reports on CVRR, HFC, PSX and VLO

ACCESSWIRE

The nation’s focus on lowering its dependence on foreign oil has recently seen oil production volumes in the U.S. outpace oil imports for the first time in sixteen years. According to the Energy Information Administration’s Weekly Petroleum Status Report, U.S. oil production totaled 7.3 million barrels a day for the week ended May 31st, while imports totaled 7.27 million barrels. Greater access to cheaper domestic oil will continue to benefit U.S. refiner’s profit margins.

CVR Refining LP (NYSE:CVRR - News) shares traded in the range of $30.25 to $30.74 Wednesday before settling to close at $30.31, a decrease of 1.46 percent. The stock appears to be facing strong resistance at $31.19. CVR Refining was spun off from CVR Energy in January 2013. The company reported a pro-rated net income of $197.5 million, or $1.34 per common unit, for the first quarter of 2013. Shares of CVR Refining have gained over 20 percent so far in 2013.

More information on CVR Refining and access to the free equity report can be found at: www.WallStreetFundamentals.com/CVRR

HollyFrontier Corp. (NYSE:HFC - News) shares traded in the range of $46.44 to $48.05 Wednesday before settling to close at $46.98, a decrease of 1.82 percent. The stock appears to be facing resistance at the $47.65 and $49.30 levels. The company reported a net income of $333.7 million, or $1.63 per diluted share, for the first quarter of 2013, an increase of 38 percent when compared to the year ago quarter. Shares of HollyFrontier are up approximately 58 percent in the past year.

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More information on HollyFrontier and access to the free equity report can be found at: www.WallStreetFundamentals.com/HFC

Phillips 66 (NYSE:PSX - News) shares traded in the range of $63.53 to $65.35 Wednesday before settling to close at $63.61, a decrease of 2.41 percent. The stock appears to be facing resistance at 64.87 with support at $62.87. The company reported earnings were $1.4 billion for the first quarter of 2013, compared to earnings of $636 million in the year ago quarter. Shares of Phillips 66 are up approximately 110 percent in the past year.

More information on Phillips 66 and access to the free equity report can be found at: www.WallStreetFundamentals.com/PSX

Valero Energy Corporation (NYSE:VLO - News) shares traded in the range of $38.40 to $39.46 Wednesday before settling to close at $38.62, a decrease of 0.87 percent. The stock appears to be facing resistance at the $39.04 and $40.13 The company reported a net income of $654 million, or $1.18 per share, for the first quarter of 2013, compared to a net loss of $432 million, or $0.78 per share in the year ago quarter. Shares of Valero Energyare up approximately 86 percent in the past year.

More information on Valero Energy and access to the free equity report can be found at: www.WallStreetFundamentals.com/VLO

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact: Wall Street Fundamentals Website: www.WallStreetFundamentals.com Email: editor@wallstreetfundamentals.com