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HollyFrontier Corp. (HFC)

- NYSE
  • Jul. 30, 2012, 3:30 PM
    U.S. independent refiners are entering a "new golden age" which has not been fully reflected in the market, Barclays believes, expecting a more sustainable performance than the industry's last strong cycle from 2003-07, driven by structurally lower North American natural gas prices vs. oil vs. international benchmarks. Five favorites: HFC, MPC, PSX, TSO, VLO.
    | Jul. 30, 2012, 3:30 PM | Comment!
  • Jul. 2, 2012, 2:55 PM
    Phillips 66 (PSX +2.4%) jumps after Deutsche Bank upgrades the refiner to Buy from Hold as "the premium unconventional oil play." The top beneficiary of the "secular long-term boom" in U.S. oil and gas production will be export-oriented processing manufacturers, with refining the "biggest, most undervalued sector," the firm says. It also lists HFC as a Top Pick and upgrades MPC to Buy.
    | Jul. 2, 2012, 2:55 PM | Comment!
  • Jun. 29, 2012, 9:05 AM
    Holly Energy Partners (HEP) agrees to acquire HollyFrontier's (HFC) 75% stake in UNEV Pipeline for $315M, allowing HEP to continue its growth in tariff-based revenues and HFC to focus on its core operations. HFC also authorizes a $350M share buyback program. HFC +1.8% premarket.
    | Jun. 29, 2012, 9:05 AM | Comment!
  • Jun. 20, 2012, 10:47 AM
    Marathon Petroleum (MPC +2.9%) jumps after Goldman Sachs upgrades shares to Buy from Neutral, taking a positive view of MPC's management team, its "integrated, high-quality asset base" and growing “social contract” with investors to return excess cash. The firm also downgraded COP and WNR, raised TSO, and reiterated its Conviction Buy rating for HFC. (earlier)
    | Jun. 20, 2012, 10:47 AM | 1 Comment
  • Jun. 12, 2012, 11:53 AM
    HollyFrontier (HFC +3.2%) is upgraded to Buy from Hold at Argus, which says HFC's "refineries are well situated to take advantage of WTI's discount to other crudes, and have access to cheaper Canadian crudes and product shortfalls in PADD 2." The firm adds that the refineries are more insulated from falling gasoline demand than those of some rivals.
    | Jun. 12, 2012, 11:53 AM | Comment!
  • Jun. 1, 2012, 11:39 AM
    HollyFrontier (HFC -0.5%) is upgraded to Buy from Neutral at UBS following an 11% selloff in the shares since February, as the firm sees HFC's shareholder yield and cash position as defensive elements ensuring a moderate upside to shares at current levels. (also)
    | Jun. 1, 2012, 11:39 AM | Comment!
  • Jun. 1, 2012, 9:07 AM
    Standard & Poor's raises its outlook on HollyFrontier (HFC) to positive from stable, citing expectations the independent petroleum refiner's competitive advantage should be sustainable. HFC's BB+ corporate credit rating is affirmed.
    | Jun. 1, 2012, 9:07 AM | Comment!
  • May 16, 2012, 4:26 PM
    HollyFrontier (HFC) announces a special dividend of $0.50/share and a 50% increase in its quarterly dividend to $0.15 from $0.10/share. HFC +0.6% AH.
    | May 16, 2012, 4:26 PM | Comment!
  • May 7, 2012, 10:21 AM
    HollyFrontier (HFC -2.3%) shares aren't helped by Q1 earnings that more than doubled as the refiner benefited from increased oil production in the Bakken region and Permian Basin, which has helped HFC boost refining margins. Energy stocks (XLE -0.7%) are lower across the board as crude oil prices continue to weaken; WTI -1.3% to $97.17/barrel.
    | May 7, 2012, 10:21 AM | Comment!
  • May 7, 2012, 7:16 AM
    HollyFrontier (HFC): Q1 EPS of $1.16 misses by $0.07. Revenue of $4.93B (+112% Y/Y) beats by $430M. (PR)
    | May 7, 2012, 7:16 AM | Comment!
  • May 7, 2012, 12:10 AM
    Notable earnings before Monday’s open: BSFT, CAR, CNK, CTSH, DISH, FTR, HFC, LPX, NOG, SYY, TSN
    | May 7, 2012, 12:10 AM | Comment!
  • May 6, 2012, 5:30 PM
    Notable earnings before Monday’s open: BSFT, CAR, CNK, CTSH, DISH, FTR, HFC, LPX, NOG, SYY, TSN
    | May 6, 2012, 5:30 PM | Comment!
  • 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.
    | Apr. 27, 2012, 2:15 PM | Comment!
  • 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.
    | Apr. 5, 2012, 4:20 PM | Comment!
  • 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.
    | Mar. 29, 2012, 12:47 PM | Comment!
  • 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.
    | Mar. 3, 2012, 9:25 AM | 43 Comments
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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.