HollyFrontier Corp. (HFC) - NYSE
  • Wed, May 11, 4:50 PM
    • HollyFrontier (NYSE:HFC) declares $0.33/share quarterly dividend, in line with previous.
    • Forward yield 4.51%
    • Payable June 24; for shareholders of record May 27; ex-div May 25.
    | Wed, May 11, 4:50 PM | 7 Comments
  • Wed, May 4, 3:43 PM
    • HollyFrontier (HFC -9.2%) sinks nearly 10% after posting a solid Q1 earnings beat, but Wells Fargo points out that the company, like its peers so far in Q1, came in with weaker than expected refining margins despite higher than expected throughputs.
    • Wells says Q1 consolidated refinery production of 416K boe/day topped its forecast for 405K boe/day but declined vs. 421K boe/day in Q4 2015 and 431K a year ago, while refining margin of $7.58/boe was lower than the firm's forecast of $8.92/boe and lower than $9.92/boe in Q4 and $16.69/boe a year ago.
    • HFC says Q1 earnings reflect seasonally weak industry refining margins, which were 40% below year-ago levels, but gasoline margins continue to strengthen - up 40%-70% Y/Y - and the company expect gasoline margins to strengthen further thanks to strong data in vehicle miles traveled.
    • Now read Holly Frontier: Deutsche sees 66% upside
    | Wed, May 4, 3:43 PM | 5 Comments
  • Wed, May 4, 6:32 AM
    • HollyFrontier (NYSE:HFC): Q1 EPS of $0.12 beats by $0.04.
    • Revenue of $2.02B (-32.9% Y/Y) beats by $30M.
    • Press Release
    | Wed, May 4, 6:32 AM | 21 Comments
  • Tue, May 3, 5:30 PM
  • Fri, Apr. 8, 2:58 AM
    • After hosting HollyFrontier's (NYSE:HFC) new CEO George Damiris for two days, Deutsche remains uber-bullish.
      • "While the narrowing of the Brent-WTI spread and relative attractiveness of medium/heavy sour differentials has driven an understandable market preference for complex, Gulf Coast refiners, we expect that the market is likely under appreciating some of the underlying geographic advantage of HFC’s portfolio.
      • "With a three-legged investment case driven by advantaged crude, peer-leading gasoline yield and the tailwind of an underappreciated business improvement program (+$265m of incremental EBITDA in 2016), we remain constructive HFC."
      • Firm rates HFC a Buy with $57 price target (implied upside 66%) based on a sum-of-parts valuation.
    | Fri, Apr. 8, 2:58 AM | 7 Comments
  • Fri, Apr. 1, 10:59 AM
    • Holly Energy Partners (HEP -2.1%) agrees to acquire crude oil tankage located at HollyFrontier's (HFC -3.8%) Tulsa refinery from an affiliate of Plains All American Pipeline (PAA -2.1%) for $39.5M.
    • In connection with the deal, HEP and HFC say they expect to enter into a 10-year throughput agreement containing minimum quarterly volume commitments from HFC.
    • HEP expects the acquisition will generate minimum annual revenue of $6.1M in the first year and will be immediately accretive.
    • Now read A high-dividend stock with 45 straight dividend hikes, insider buying and rising estimates
    | Fri, Apr. 1, 10:59 AM | 3 Comments
  • Wed, Mar. 23, 12:34 PM
    • HollyFrontier (HFC -6.5%) is downgraded to Sell from Neutral with a $34 price target, down from $37, at Goldman Sachs, citing crude spreads, valuation and consensus earnings risk.
    • Goldman expects HFC's capital return to decelerate from 2013-15 cumulative levels of $2.7B to 2016-18 levels of $1.8B, well below the $3.9B scenario the company showed at its 2015 analyst day; the firm also cuts its 2016 EPS estimate to $2.44 from $2.64 and below Wall Street consensus of $3.14.
    • The firm sees more upside to its Buy-rated names Valero Energy (VLO -0.7%), Marathon Petroleum (MPC -2.3%) and PBF Energy (PBF -3.3%).
    | Wed, Mar. 23, 12:34 PM | 15 Comments
  • Thu, Mar. 3, 12:23 PM
    • There are better ways to play the ongoing oil apocalypse other than Exxon Mobil (XOM -1.2%), Deutsche Bank analyst Ryan Todd, pointing to a slow recovery in free cash flow, limited relative leverage to a recovery at this point in the cycle, and trading at a 60% premium to peers.
    • One of the questions facing XOM remains the sustainability and attractiveness of its business model in a low-to-moderate crude price environment - i.e., can the combination of cost reductions and capital reallocation support sustainable reserve replacement, dividend/free cash flow growth and improving returns: "If the budget outlook is any indication, we're not there yet," Todd says.
    • The analyst prefers Pioneer Natural Resources (PXD -1.4%), Valero Energy (VLO +2.3%), Marathon Petroleum (MPC +5.2%) and HollyFrontier (HFC +4.5%); he rates XOM as a Hold with an $85 price target.
    • Earlier: Exxon Mobil plans 25% capex cut to $23B (Mar. 2)
    | Thu, Mar. 3, 12:23 PM | 14 Comments
  • Wed, Feb. 24, 6:32 AM
    • HollyFrontier (NYSE:HFC): Q4 EPS of $0.24 misses by $0.06.
    • Revenue of $2.95B (-31.1% Y/Y) beats by $360M.
    | Wed, Feb. 24, 6:32 AM
  • Tue, Feb. 23, 5:30 PM
    | Tue, Feb. 23, 5:30 PM | 6 Comments
  • Wed, Feb. 17, 5:22 PM
    • HollyFrontier (NYSE:HFC) declares $0.33/share quarterly dividend, in line with previous.
    • Forward yield 4.25%
    • Payable March 24; for shareholders of record March 4; ex-div March 2.
    | Wed, Feb. 17, 5:22 PM
  • Fri, Jan. 22, 5:40 PM
    • Top gainers, as of 5.25 p.m.: HTZ +3.1%. NVCR +2.8%. SRPT +2.1%.
    • Top losers, as of 5.25p.m.: HFC -5.0%. CSRA -3.0%. AMG -2.8%. PNRA -2.3%.
    | Fri, Jan. 22, 5:40 PM
  • Mon, Jan. 4, 9:03 AM
    • December monthly performance was: -1.6%
    • AUM of $1.51B
    • 52-week performance vs. the S&P 500 is: -3%
    • $0.65 in dividends were paid in December
    • Top 10 Holdings as of 11/30/2015: Mattel Inc (MAT): 1.08%, Ameren Corp (AEE): 1.05%, Maxim Integrated Products Inc (MXIM): 1.04%, Coach Inc (COH): 0.87%, Diamond Offshore Drilling Inc (DO): 0.84%, HollyFrontier Corp (HFC): 0.83%, Frontier Communications Corp Class B (FTR): 0.83%, JM Smucker Co (SJM): 0.82%, Microchip Technology Inc (MCHP): 0.82%, CVR Energy Inc (CVI): 0.82%
    | Mon, Jan. 4, 9:03 AM
  • Dec. 16, 2015, 12:13 PM
    • Congress has agreed to lift the 40-year-old ban on crude oil exports, but refiners are holding up well as the group wins a tax break on the cost of transporting oil as part of the deal.
    • The tax provision meant to blunt potential damage to domestic refiners of allowing unfettered crude exports would allow non-integrated refiners to count 75% of their oil transportation costs toward an existing manufacturing tax deduction.
    • Refiners are "positioned to succeed regardless,” says Carl Larry, head of oil and gas for Frost & Sullivan. “They can still make products cheaper than anywhere in the world... Regardless of whether the U.S. exports crude, they’ll be ahead of the game.”
    • Wells Fargo contends that lifting the ban will have only a minimal impact in the short term, and notes that Phillips 66 (PSX +1.6%) has indicated lifting the move would have no material impact at least for one year; Valero Energy (VLO +1.2%) is better positioned than most because it already relies on a larger percentage of foreign oil for its feedstock to make gasoline and other petroleum products, says Simmons analyst Jeff Dietert.
    • Also: TSO +2.5%, MPC +0.9%, HFC +2.4%, PBF +1.6%, WNR +4.9%, NTI +1.6%, ALJ +1%, CLMT -2.2%.
    • Earlier: Solar stocks soar as Congress proposes extending solar/wind tax credits
    | Dec. 16, 2015, 12:13 PM | 24 Comments
  • Dec. 16, 2015, 2:13 AM
    | Dec. 16, 2015, 2:13 AM | 131 Comments
  • Dec. 14, 2015, 7:25 PM
    • The deep discount for benchmark U.S. crude oil prices vs. global rates looks poised to disappear for the first time since the rise of the shale oil boom, Reuters reports.
    • U.S. WTI crude for delivery in March traded at one point today just $0.20/bbl below global Brent crude for the same month, the narrowest gap since 2010.
    • The sudden shift in the closely-watched spread seems to be sending a signal that the domestic oil market is likely to grow tighter while the global glut gets worse, which likely will spur a renewed rise in U.S. imports and erase the cost advantage of U.S. refiners who have made billions of dollars on cut-price domestic crude.
    • Some oil traders say the spread is responding to signs that the U.S. Congress may throw out the 40-year old ban on exporting U.S. crude, while others cite expectations of higher OPEC production following an easing of western sanctions against Iran that is weighing on Brent.
    • Refiners: PSX, VLO, TSO, MPC, HFC, PBF, WNR, NTI, ALJ, CLMT
    | Dec. 14, 2015, 7:25 PM | 62 Comments
Company Description
HollyFrontier Corp. is an independent petroleum refiner and marketer which produces high-value light products such as gasoline, diesel fuel, jet fuel and other specialty products. The company operates its business through two segments: Refining & Holly Energy Partners. The The Refining segment... More
Industry: Oil & Gas Refining & Marketing
Country: United States