HollyFrontier Corp. (HFC) - NYSE
  • 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.
    • Press Release
    | 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
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Dec. 14, 2015, 7:25 PM | 62 Comments
  • Dec. 12, 2015, 8:25 AM
    • The 40-year-old ban on most U.S. crude oil exports "very likely" will be lifted in the government spending bill, according to reports citing congressional aides from both parties, as part of a deal D.C. lawmakers are negotiating as part of spending and tax measures Congress is aiming to pass by Dec. 16.
    • In the deal said to be coming together, Congress would lift the export ban while also adopting environmental and renewable energy measures, including long-term extensions of wind and solar tax credits; also under discussion is a tax credit for independent domestic refineries, especially a few in the Northeast whose profits could be hurt if oil exports are allowed.
    • "There’s a view that this is the last chance" ahead of a presidential election year, says ClearView Energy Partners managing director Kevin Book.
    • Refiners: PSX, VLO, TSO, MPC, HFC, PBF, WNR, NTI, ALJ, CLMT
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM
    | Dec. 12, 2015, 8:25 AM | 163 Comments
  • Dec. 7, 2015, 8:15 AM
    • HollyFrontier (NYSE:HFC) promotes George Damiris to President and CEO, effective Jan. 1.
    • Damiris has been Executive VP and COO since September 2014, and previously held positions of senior VP of supply and marketing, and VP of corporate development.
    • Michael Jennings will become HFC's Executive Chairman on Jan. 1, and will continue as President and CEO of Holly Energy Partners (NYSE:HEP).
    | Dec. 7, 2015, 8:15 AM
  • Dec. 1, 2015, 9:28 AM
    • November monthly performance was: +0.71%
    • AUM of $1.54B
    • 52-week performance vs. the S&P 500 is: -1%
    • $0.17 in dividends were paid in November
    • Top 10 Holdings as of 10/30/2015: Maxim Integrated Products Inc (MXIM): 1.09%, Mattel Inc (MAT): 1.06%, Ameren Corp (AEE): 1.04%, CenterPoint Energy Inc (CNP): 0.89%, Coach Inc (COH): 0.85%, Frontier Communications Corp Class B (FTR): 0.85%, HollyFrontier Corp (HFC): 0.85%, CMS Energy Corp (CMS): 0.82%, Microchip Technology Inc (MCHP): 0.81%, Darden Restaurants Inc (DRI): 0.81%
    | Dec. 1, 2015, 9:28 AM
  • Nov. 30, 2015, 3:28 PM
    • Biofuel names react favorably and refiners negatively to just-released EPA biofuel targets that come in above those proposed by the agency in May.
    • Fuel suppliers will be required to mix 16.93B gallons of corn-based ethanol and other renewable fuels into gasoline this year and 18.11B gallons next year, according to the newest EPA targets.
    • The final 2016 standard for advanced biofuel is nearly 1B gallons, or 35% higher than actual 2014 volumes.
    • Biofuel names include: PEIX +17.7%, REGI +8.1%, AMRS +7%, GEVO +4.9%, SZYM +2.5%, GPRE +6.2%, REX +3.2%, ADM flat.
    • Refiners are pulling back: VLO -0.9%, TSO -1.5%, HFC -2.6%, MPC -0.3%, PSX -0.9%, WNR -0.7%, CLMT -2.6%.
    | Nov. 30, 2015, 3:28 PM | 121 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