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HollyFrontier Corp. (HFC)

- NYSE
  • May 6, 2012, 5:30 PM
    Notable earnings before Monday’s open: BSFT, CAR, CNK, CTSH, DISH, FTR, HFC, LPX, NOG, SYY, TSN
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  • Apr. 27, 2012, 2:15 PM
    Dahlman Rose initiates coverage of the U.S. independent refining sector with a constructive outlook, as "the North American upstream renaissance continues to provide beneficial effects, setting up a potential long-term advantage." The firm starts Delek (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Tesoro (TSO) and Valero (VLO) at Buy.
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  • Apr. 5, 2012, 4:20 PM
    HollyFrontier (HFC) says its Navajo Refinery Unit plans to make an unscheduled shutdown of a fluid catalytic cracking unit for mechanical repairs. It's anticipated the downtime will last approximately 10 to 15 days, and will reduce crude throughput from the facility by approximately 800,000K barrels over the period.
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  • Mar. 29, 2012, 12:47 PM
    Credit Suisse upgrades refiner Delek (DK +1%) to Outperform and raises its price target to $20.50 from $18.50, and lowers its rating on HollyFrontier (HFC -2.9%) to Neutral. The firm cites favorable crude oil pricing for DK, projects that could add to earnings and its declaration of a special dividend; HFC draws a downgrade partly because of its YTD outperformance.
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  • Mar. 3, 2012, 9:25 AM
    The immediate effects of completing the Keystone pipeline may be surprising and counterintuitive: It could increase domestic oil prices, raise prices at the pump, and the oil wouldn't even stay in the U.S. It would go directly from Canada to refineries in the Gulf region en route to export in Latin America and Europe; the U.S. would be used as little more than a transit corridor.
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  • Feb. 28, 2012, 3:21 PM
    HollyFrontier (HFC -5%) trades lower after posting a mixed Q4 result, beating on revenue but coming up short on a per share basis. Earnings soared on the refiner's increased operating scale and strong refining margins, but bottom line margins were pressured by higher production costs and merger and integration charges.
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  • Feb. 28, 2012, 7:34 AM
    HollyFrontier (HFC): Q4 EPS of $1.06 misses by $0.34. Revenue of $4.97B (+125% Y/Y) beats by $670M. (PR)
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  • Feb. 28, 2012, 12:05 AM
    Notable earnings before Tuesday's open: ARCC, ARIA, AZO, BMO, CRZO, CVC, DPZ, ECL, FE, FIG, HFC, NRG, RDC, SDRL, SRE, TECD, THC, VPHM, WNR, XYL
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  • Feb. 27, 2012, 5:30 PM
    Notable earnings before Tuesday's open: ARCC, ARIA, AZO, BMO, CRZO, CVC, DPZ, ECL, FE, FIG, HFC, NRG, RDC, SDRL, SRE, TECD, THC, VPHM, WNR, XYL
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  • Feb. 16, 2012, 5:56 PM
    Carl Icahn says he wants to put CVR Energy’s (CVI) refineries up for sale, and Oppenheimer thinks Marathon Petroleum (MPC) might be the best fit. MPC was sitting on $3B in cash at the end of Q4 and will see its capex fall as it completes large projects later this year. Icahn himself lists MPC along with WNR, HFC, TSO, VLO and COP as potential buyers.
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  • Feb. 14, 2012, 11:27 AM
    HollyFrontier (HFC +4%) is upgraded to Conviction Buy with a target price raised to $49 from $36 at Goldman Sachs, which cites its "constructive Mid-Continent refining view and a best-in-class, pure-play Mid-Continent asset base," a more diverse Cushing footprint, a commitment to returning excess cash to shareholders, and superior capital project and re-investment opportunities.
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  • Jan. 9, 2012, 2:42 PM
    U.S. refining margins are worse than previously thought, Simmons Co. says in lowering its Q4 earnings forecasts for the industry. The firm projects Marathon Petroleum's (MPC -3.6%) EPS at zero, down from its earlier estimate of $0.70, and Holly Frontier (HFC -3.2%) will post a $1.20 gain, down from $1.26. Other refiners, including Valero (VLO -3.3%) and Delek (DK -4.7%), also are lower.
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  • Jan. 5, 2012, 6:56 AM
    HollyFrontier (HFC) announces a plan to expand a Utah refinery in order to increase its production capacity to an estimated 45K bpd from 31K by late 2014. The firm says it signed asset agreements with Western Refining (WNR) and Newfield Exploration (NFX) to help support the project.
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  • Jan. 3, 2012, 7:38 PM
    HollyFrontier (HFC) unveils a new $350M stock buyback, replacing its earlier $100M repurchase program announced last September. The move is just the latest in a series of shareholder friendly gestures in recent months by the refiner. Last November it raised its quarterly dividend by 14%, and issued its second special dividend of that year.
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  • Dec. 16, 2011, 1:45 PM
    Citigroup initiates coverage on HollyFrontier (HFC +2.9%) with a resounding Buy rating and $25 price target. Analysts with the firm say the refiner is well-positioned in the interior of the U.S. to take advantage of excess supply of feedstocks and short supply petroleum products. Anticipated special dividends from HFC of between $2-$4 are also drawing notice.
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  • Dec. 9, 2011, 5:09 PM
    Credit Suisse screens top-performing U.S. large-cap growth mutual funds to find the most frequently owned stocks that are actually small- or mid-caps: TRW, DECK, HFC, AMG, KBR. Growth-oriented names with greater EPS and revenue growth expectations than their Russell 1000 counterparts: TEN, KOG, ROSE, AH, SLXP, URI, ODFL.
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Company Description
HollyFrontier Corp is an independent petroleum refiner. It produces high-value light products such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It operates in two segments; Refining and HEP.