HollyFrontier Corp. (HFC) - NYSE
  • 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
  • Nov. 11, 2015, 4:44 PM
    • HollyFrontier (NYSE:HFC) declares $0.33/share quarterly dividend, in line with previous.
    • Forward yield 2.67%
    • Payable Dec. 30; for shareholders of record Dec. 4; ex-div Dec. 2.
    | Nov. 11, 2015, 4:44 PM | 5 Comments
  • Nov. 5, 2015, 6:38 AM
    • HollyFrontier (NYSE:HFC): Q3 EPS of $1.82 beats by $0.10.
    • Revenue of $3.56B (-33.1% Y/Y) beats by $260M.
    | Nov. 5, 2015, 6:38 AM
  • Nov. 4, 2015, 5:30 PM
  • Oct. 21, 2015, 2:56 PM
    • Citi analyst Faisel Khan downgrades some U.S. refiner stocks, believing that narrowing differentials resulting from recent pipeline expansions and production slowdowns in the U.S. will continue to weigh on refiner margins in the near future.
    • The firm’s latest forecast calls for a Brent-WTI differential of only $4.50/bbl, much lower than the previous forecast of $8/bbl.
    • Khan cuts ratings for HollyFrontier (HFC -0.4%), Western Refining (WNR -1.6%), CVR Refining (CVRR +0.3%), Alon USA Partners (ALDW +2.4%) and Northern Tier Energy (NTI -2.2%) to Neutral from Buy.
    • But the firm maintains its Buy rating on Phillips 66 (PSX -0.5%), Marathon Petroleum (MPC -0.8%) and Valero Energy (VLO -0.6%), which Khan says have diversified their revenue streams into pipelines, gas processing or chemicals.
    | Oct. 21, 2015, 2:56 PM | 32 Comments
  • Sep. 29, 2015, 12:15 PM
    • Oppenheimer’s Fadel Gheit thinks it may only a matter of time before oil and gas companies need to start cutting their dividends if oil prices stay low, as all oil and gas companies are currently funding their dividend through additional borrowing, which cannot be sustained indefinitely.
    • Dividend to cash flow averages 36% for the majors, Gheit calculates, highest for Shell (NYSE:RDS.A) at 41% and lowest for BP at 31%; 23% for independent refiners, highest for Phillips 66 (NYSE:PSX) at >29%, and lowest for Valero (NYSE:VLO) at <16%; and 17% for the E&Ps, highest for Occidental Petroleum (NYSE:OXY) at >45%, followed by ConocoPhillips (NYSE:COP) at 35%.
    • Net debt ratio averages 14% for the majors, lowest for Chevron (NYSE:CVX) at 11%; 17% for the independent refiners, highest for Tesoro (NYSE:TSO) at 30% and lowest for HollyFrontier (NYSE:HFC) at 5%; 30% for the large E&Ps, highest for Range Resources (NYSE:RRC) at 49% and lowest for OXY at 9%.
    | Sep. 29, 2015, 12:15 PM | 82 Comments
  • Sep. 28, 2015, 7:02 PM
    • Wolfe Research's Paul Sankey says he is bracing for some ugly Q3 earnings reports among oil and gas producers and a soft environment well into 2016, arguing that with oil prices stuck ~$45/bbl for West Texas crude, "there is real bankruptcy risk for probably one-quarter of the U.S. oil industry.”
    • The analyst advises clients to stick with quality companies that can weather a prolonged stretch of soft prices, which means larger independent producers such as EOG Resources (NYSE:EOG), Anadarko Petroleum (NYSE:APC) and Chevron (NYSE:CVX) among the majors.
    • Sankey says “all will be fine in due course,” although the next 6-12 months could be “tough sledding” for their businesses.
    • Sankey likes a number of refiners, who will benefit from cheap crude oil, including Valero Energy (NYSE:VLO), Marathon Oil (NYSE:MRO), Western Refining (NYSE:WNR) and HollyFrontier (NYSE:HFC).
    | Sep. 28, 2015, 7:02 PM | 37 Comments
  • Sep. 25, 2015, 2:10 PM
    | Sep. 25, 2015, 2:10 PM | 4 Comments
  • Sep. 3, 2015, 4:58 PM
    • Delta Air Lines (NYSE:DAL) is running its Trainer, Pa., oil refinery at a near-record 110% of capacity, Reuters reports, in a sign of the surprisingly strong summer profits U.S. refineries are generating.
    • The refinery reportedly has been running at a clip of ~204K bbl/day for the past month, resulting in higher yields of gasoline and distillates; the plant's nameplate capacity is 185K bbl/day.
    • DAL is not alone, as HollyFrontier (NYSE:HFC) said a month ago that it ran its refineries in Tulsa, Okla., and El Dorado, Kan., at rates above 100% in Q2; in the entire Midwest region, refiners ran at 100.3% of capacity in the week to July 31, according to EIA data.
    | Sep. 3, 2015, 4:58 PM | 4 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