Last $45.78 USD
Change Today -0.2379 / -0.52%
Volume 1.1M
HFC On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 2:27 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

hollyfrontier corp (HFC) Snapshot

Open
$46.08
Previous Close
$46.02
Day High
$46.16
Day Low
$45.05
52 Week High
04/29/14 - $52.87
52 Week Low
10/9/13 - $38.40
Market Cap
9.1B
Average Volume 10 Days
2.1M
EPS TTM
$2.81
Shares Outstanding
198.7M
EX-Date
06/4/14
P/E TM
16.3x
Dividend
$1.28
Dividend Yield
7.02%
Current Stock Chart for HOLLYFRONTIER CORP (HFC)

hollyfrontier corp (HFC) Related Businessweek News

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hollyfrontier corp (HFC) Details

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. It produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquid petroleum gas, fuel oil, and specialty and modified asphalt. The company offers its products to other refiners, convenience store chains, independent marketers, retailers, truck stop chains, wholesalers, railroads, governmental entities, paving contractors or manufacturers, and commercial and specialty markets, as well as for commercial airline use. It owns and operates five refineries with a combined crude oil processing capacity of approximately 443,000 barrels per day in El Dorado, Kansas; Tulsa, Oklahoma; Artesia, New Mexico; Cheyenne, Wyoming; and Woods Cross, Utah, as well as owns and operates asphalt terminals in Arizona and New Mexico. HollyFrontier Corporation’s refineries serve markets in the Mid-Continent, Southwest, and Rocky Mountain regions of the United States. The company was formerly known as Holly Corporation and changed its name to HollyFrontier Corporation as a result of its merger with Frontier Oil Corporation in July 2011. HollyFrontier Corporation was founded in 1947 and is headquartered in Dallas, Texas.

2,662 Employees
Last Reported Date: 02/26/14
Founded in 1947

hollyfrontier corp (HFC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $990.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $555.0K
Chairman of Holly Logistic Services LLC and C...
Total Annual Compensation: $975.0K
Senior Vice President of Refinery Operations
Total Annual Compensation: $454.0K
Senior Vice President of Supply & Marketing
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

hollyfrontier corp (HFC) Key Developments

HollyFrontier Corporation Enters Senior Unsecured 5-Year Revolving Credit Agreement with Union Bank

On July 1, 2014, HollyFrontier Corporation, as borrower, Union Bank, N.A. as administrative agent and each of the financial institutions party thereto as lenders, entered into a $1.0 billion Senior Unsecured 5-Year Revolving Credit Agreement. The Credit Agreement has a term of five years, maturing on July 1, 2019, and is a senior unsecured revolving credit facility that may be used for revolving credit loans and letters of credit from time to time. The Credit Agreement is available to fund general corporate purposes. Indebtedness under the Credit Agreement is recourse to the Company and guaranteed by certain wholly-owned subsidiaries of the Company. The Company has the right to request an increase in the maximum amount of the Credit Agreement of up to $750 million, which would bring the maximum amount of the Credit Agreement to a total of $1.75 billion. The request will become effective if (a) certain customary conditions specified in the Credit Agreement are met and (b) one or more existing lenders under the Credit Agreement or other financial institutions reasonably satisfactory to the administrative agent, the swingline lender and each letter of credit issuing bank commit to lend the increased amounts under the Credit Agreement. The Company may prepay all loans under the Credit Agreement at any time without penalty, except for payment of certain breakage and related costs.

HollyFrontier Corporation Approves Increase in the Regular Quarterly Cash Dividend, Payable on June 27, 2014 ; Announces Special Cash Dividend, Payable on June 13, 2014

HollyFrontier Corporation announced that its board of directors approved an increase in the company's regular quarterly cash dividend to $0.32 per share from the previous rate of $0.30 per share. The regular dividend will be paid on June 27, 2014 to holders of record of common stock on June 6, 2014. The company also announced a special cash dividend in the amount of $0.50 per share. The special dividend will be paid on June 13, 2014 to holders of record of common stock on May 30, 2014.

Hollyfrontier Corporation Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Production Guidance for the Second Quarter of 2013 and Reaffirms CapEx Guidance for the Year 2014

HollyFrontier Corporation reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2014. For the quarter, the company reported net income attributable to the company stockholders of USD 152,061,000 or USD 0.76 per diluted share compared to USD 333,669,000 or USD 1.63 per diluted share a year ago. Sales and other revenues were USD 4,791,053,000 compared to USD 4,707,789,000 a year ago. Income from operations was USD 270,996,000 compared to USD 549,195,000 a year ago. Income before income taxes was USD 251,576,000 compared to USD 529,465,000 a year ago. EBITDA was USD 338,842,000 compared to USD 611,314,000 a year ago. Capital expenditures were USD 124,281,000 against USD 71,964,000 a year ago. Net income attributable to stockholders was decreased by USD 181.6 million compared to the same period of 2013, principally reflecting lower first quarter refining margins. For the first quarter of 2014, net cash provided by operations totaled USD 394.9 million. As of March 31, 2014, total cash and marketable securities balance stood at USD 1.8 billion compared to USD 1.7 billion on December 31, 2013. Company’s debt totaled USD 189 million, which excludes nonrecourse HEP debt of USD 834 million. For the quarter, the company reported production refinery production of 435,860 BPD compared to 407,270 BPD a year ago. Refinery throughput was 446,370 BPD compared to 421,310 BPD a year ago. Crude oil charges were 416,210 BPD compared to 380,620 BPD a year ago. The second quarter of 2014, the company expected to run 425,000 barrels a day of crude with 23% of the slate being price-advantaged heavy crude, 21% sour crudes. Second quarter crude charge estimate is affected by reduced crude rate at El Dorado refinery at the end of April following an external power failure. The company maintained full year 2014 CapEx guidance of USD 400 million and turnaround spending of USD 77 million.

 

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HFC

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Price/Earnings 16.7x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 10.6x
TEV/Sales 0.3x
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