HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as 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, and paving contractors or manufacturers, as well as for commercial airline use. It owns and operates 4 refineries with a combined crude oil processing capacity of approximately 405,000 barrels per day in El Dorado, Kansas; Tulsa, Oklahoma; Artesia, New Mexico; and Woods Cross, Utah. The company also owns and operates vacuum distillation and other facilities in Lovington, New Mexico, as well as asphalt terminals in Arizona, New Mexico, and Oklahoma. Its refineries serve markets in the Mid-Continent, Southwest, and Rocky Mountain regions of the United States. In addition, HollyFrontier Corporation produces base oils and other specialized lubricant products; and owns and operates logistic assets consisting of petroleum product and crude oil pipelines, terminals, tankage, loading rack facilities, and refinery processing units. 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 incorporated in 1947 and is headquartered in Dallas, Texas.
IPO Year:
Exchange: NYSE
Website: hollyfrontier.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/8/2022 | Neutral → Buy | B of A Securities | |
| 3/8/2022 | $40.00 → $47.00 | Neutral → Buy | BofA Securities |
| 2/24/2022 | $41.00 | Equal-Weight → Overweight | Wells Fargo |
| 1/12/2022 | $48.00 → $44.00 | Overweight | Morgan Stanley |
| 1/4/2022 | $33.00 → $37.00 | Equal-Weight | Barclays |
| 12/28/2021 | $32.00 → $34.00 | Market Perform | Cowen & Co. |
| 11/8/2021 | $42.00 → $44.00 | Outperform | Credit Suisse |
| 10/6/2021 | $31.00 → $35.00 | Equal-Weight | Wells Fargo |
| 10/4/2021 | $32.00 → $33.00 | Equal-Weight | Barclays |
| 9/7/2021 | $40.00 | Overweight | Morgan Stanley |
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B of A Securities upgraded HollyFrontier from Neutral to Buy
BofA Securities upgraded HollyFrontier from Neutral to Buy and set a new price target of $47.00 from $40.00 previously
Wells Fargo upgraded HollyFrontier from Equal-Weight to Overweight and set a new price target of $41.00
Morgan Stanley reiterated coverage of HollyFrontier with a rating of Overweight and set a new price target of $44.00 from $48.00 previously
Barclays reiterated coverage of HollyFrontier with a rating of Equal-Weight and set a new price target of $37.00 from $33.00 previously
Cowen & Co. reiterated coverage of HollyFrontier with a rating of Market Perform and set a new price target of $34.00 from $32.00 previously
Credit Suisse reiterated coverage of HollyFrontier with a rating of Outperform and set a new price target of $44.00 from $42.00 previously
Wells Fargo reiterated coverage of HollyFrontier with a rating of Equal-Weight and set a new price target of $35.00 from $31.00 previously
Barclays reiterated coverage of HollyFrontier with a rating of Equal-Weight and set a new price target of $33.00 from $32.00 previously
Morgan Stanley initiated coverage of HollyFrontier with a rating of Overweight and set a new price target of $40.00
Reported net income attributable to HollyFrontier stockholders of $558.3 million or $3.39 per diluted share and adjusted net income of $250.1 million or $1.52 per diluted share, for the year Reported EBITDA of $1,306.9 million and adjusted EBITDA of $915.7 million, for the year HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today reported fourth quarter net loss attributable to HollyFrontier stockholders of $(39.5) million or $(0.24) per diluted share for the quarter ended December 31, 2021, compared to $(117.7) million or $(0.73) per diluted share for the quarter ended December 31, 2020. The fourth quarter results reflect special items that collectively incr
Reported net income attributable to HollyFrontier stockholders of $280.8 million, or $1.71 per diluted share, and adjusted net income of $209.9 million, or $1.28 per diluted share, for the third quarter Reported EBITDA of $482.6 million and Adjusted EBITDA of $407.8 million for the third quarter HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today reported third quarter net income attributable to HollyFrontier stockholders of $280.8 million, or $1.71 per diluted share, for the quarter ended September 30, 2021, compared to a net loss of $(2.4) million, or $(0.01) per diluted share, for the quarter ended September 30, 2020. The third quarter results reflect spe
Reported net income attributable to HollyFrontier stockholders of $168.9 million, or $1.03 per diluted share, and adjusted net income of $143.0 million, or $0.87 per diluted share, for the second quarter Reported EBITDA of $444.3 million and Adjusted EBITDA of $334.5 million for the second quarter HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today reported second quarter net income attributable to HollyFrontier stockholders of $168.9 million, or $1.03 per diluted share, for the quarter ended June 30, 2021, compared to a net loss of $(176.7) million, or $(1.09) per diluted share, for the quarter ended June 30, 2020. The second quarter results reflect special
Creates leading integrated downstream petroleum and renewable fuels company to be named HF Sinclair Corporation Provides growth to Holly Energy Partners through Sinclair's integrated crude and refined products midstream business HollyFrontier and HEP announce new plans for capital return to shareholders HollyFrontier and HEP to Host Investor Conference Call Today at 7:30 AM CT / 8:30 AM ET HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP"), today announced they have entered into definitive agreements under which HollyFrontier and HEP will acquire Sinclair Oil Corporation and Sinclair Transportation Company from The Sinclair Com
Reported net income attributable to HollyFrontier stockholders of $148.2 million, or $0.90 per diluted share, and adjusted net loss of $(85.3) million, or $(0.53) per diluted share, for the first quarter Reported EBITDA of $281.3 million and Adjusted EBITDA of $47.3 million for the first quarter HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today reported first quarter net income attributable to HollyFrontier stockholders of $148.2 million, or $0.90 per diluted share, for the quarter ended March 31, 2021, compared to a net loss of $(304.6) million, or $(1.88) per diluted share, for the quarter ended March 31, 2020. The first quarter results reflect special i
Positions HFC in West Coast product markets with strong demand Increases scale and geographic footprint of HFC's refining operations Expected transaction to be immediately accretive to earnings and free cash flow HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier") today announced that it has entered into a definitive agreement to acquire the Puget Sound Refinery, the on-site cogeneration facility and related logistics assets, from Equilon Enterprises LLC d/b/a Shell Oil Products US ("Shell") for a purchase price of $350 million, plus hydrocarbon inventory to be valued at closing with an estimated current value in the range of $150-180 million. HollyFrontier expects to fund the acq
DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE:HFC) (“HollyFrontier” or the “Company”) today reported fourth quarter net loss attributable to HollyFrontier stockholders of $(117.7) million or $(0.73) per diluted share for the quarter ended December 31, 2020, compared to net income of $60.6 million or $0.37 per diluted share for the quarter ended December 31, 2019. The fourth quarter results reflect special items that collectively increased net loss by a total of $0.9 million. On a pre-tax basis, these items include goodwill and long-lived asset impairment charges totaling $108.4 million and charges related to the Cheyenne Refinery conversion to renewable diesel producti
DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") announced today that its Board of Directors declared a regular quarterly dividend in the amount of $0.35 per share, payable on March 10, 2021 to holders of record of common stock on March 1, 2021. About HollyFrontier Corporation: HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico and Utah and markets its refined products principally in the Southwest U.S.,
HF Sinclair Corporation Established as a Leading Integrated Downstream Petroleum and Renewable Fuels Company HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP"), today announced the establishment of HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") as the new parent holding company of HollyFrontier and HEP and the completion of their respective acquisitions of Sinclair Oil Corporation and Sinclair Transportation Company from The Sinclair Companies. Commencing at market open on March 15, 2022, HF Sinclair will replace HollyFrontier as the public company trading on the New York Stock Exchange, and will trade under the ticker symbol "DIN
Reported net income attributable to HollyFrontier stockholders of $558.3 million or $3.39 per diluted share and adjusted net income of $250.1 million or $1.52 per diluted share, for the year Reported EBITDA of $1,306.9 million and adjusted EBITDA of $915.7 million, for the year HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today reported fourth quarter net loss attributable to HollyFrontier stockholders of $(39.5) million or $(0.24) per diluted share for the quarter ended December 31, 2021, compared to $(117.7) million or $(0.73) per diluted share for the quarter ended December 31, 2020. The fourth quarter results reflect special items that collectively incr
HollyFrontier Corporation (NYSE:HFC) (the "Company") plans to announce results for its quarter ending December 31, 2021 on February 23, 2022, before the opening of trading on the NYSE. The Company has scheduled a webcast conference on February 23, 2022 at 8:30 a.m. Eastern time to discuss financial results. This webcast may be accessed at: https://events.q4inc.com/attendee/868741482 An audio archive of this webcast will be available using the above noted link through March 9, 2022. About HollyFrontier Corporation: HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel f
WASHINGTON, Jan. 4, 2022 /PRNewswire/ -- We are proud to announce the new Officers for the 2022-2024 term of the LCDA and LCDEF Boards of Directors. LCDA Officers include: Elizabeth Oliver-Farrow as the new Chair; Jose R. Rodriguez as the First Vice Chair; Adis Vila as the Second Vice Chair; and Ana Dutra as Secretary. LCDEF Officers include: Ana Dutra and Dolores Kunda as Co-Chairs and Susan Angele as Secretary. "I am honored to serve as LCDA's Chair and work alongside our association's dedicated directors, staff, and distinguished members, as well as our foundation's lead
HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier") today announced the promotion of Tim Go to the position of President and Chief Operating Officer of HollyFrontier effective immediately. As President and Chief Operating Officer, Mr. Go's responsibilities will include oversight over HollyFrontier's Refining and Lubricants and Specialty Products segments. Mike Jennings, who previously served as Chief Executive Officer and President of HollyFrontier, will continue to serve as Chief Executive Officer of HollyFrontier. Mike Jennings, Chief Executive Officer of HollyFrontier commented, "Since joining the company in June 2020, Tim has provided significant leadership and direction in our effo
Reported net income attributable to HollyFrontier stockholders of $280.8 million, or $1.71 per diluted share, and adjusted net income of $209.9 million, or $1.28 per diluted share, for the third quarter Reported EBITDA of $482.6 million and Adjusted EBITDA of $407.8 million for the third quarter HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today reported third quarter net income attributable to HollyFrontier stockholders of $280.8 million, or $1.71 per diluted share, for the quarter ended September 30, 2021, compared to a net loss of $(2.4) million, or $(0.01) per diluted share, for the quarter ended September 30, 2020. The third quarter results reflect spe
Positions HFC in West Coast product markets with strong demand Increases scale and geographic footprint of HFC's refining operations Transaction to be immediately accretive to earnings and free cash flow HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier") today announced the completion of the previously announced acquisition of the Puget Sound Refinery, the on-site cogeneration facility and related logistics assets, from Equilon Enterprises LLC d/b/a Shell Oil Products US ("Shell") for aggregate cash consideration of $613.6 million, which consists of a base cash purchase price of $350.0 million, hydrocarbon inventory with an estimated closing value of approximately $266.2 million
HollyFrontier Corporation (NYSE:HFC) (the "Company") plans to announce results for its quarter ending September 30, 2021 on November 3, 2021, before the opening of trading on the NYSE. The Company has scheduled a webcast conference on November 3, 2021 at 8:30 a.m. Eastern time to discuss financial results. This webcast may be accessed at: https://event.on24.com/wcc/r/3453047/731944E4F0294137EB72C182BC77BB87 An audio archive of this webcast will be available using the above noted link through November 17, 2021. About HollyFrontier Corporation: HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light produc
Reported net income attributable to HollyFrontier stockholders of $168.9 million, or $1.03 per diluted share, and adjusted net income of $143.0 million, or $0.87 per diluted share, for the second quarter Reported EBITDA of $444.3 million and Adjusted EBITDA of $334.5 million for the second quarter HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today reported second quarter net income attributable to HollyFrontier stockholders of $168.9 million, or $1.03 per diluted share, for the quarter ended June 30, 2021, compared to a net loss of $(176.7) million, or $(1.09) per diluted share, for the quarter ended June 30, 2020. The second quarter results reflect special
The Sinclair Companies, a privately held company that wholly owns Sinclair Oil Corporation, today announced that it has entered into definitive agreements to combine substantially all of Sinclair Oil's refining, renewable diesel, and logistics assets with those of HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP"), a HollyFrontier-affiliated midstream master limited partnership. As part of the transaction, HollyFrontier will form a new parent company called "HF Sinclair Corporation" ("HF Sinclair"), which will replace HollyFrontier as the public company trading on the NYSE. Under the agreements, Sinclair Oil's branded marketing busines
Wells Fargo cut the price target on Coupa Software Incorporated (NYSE:LPI) from $190 to $80. Laredo Petroleum shares fell 29.8% to $63.10 in pre-market trading. Credit Suisse raised HollyFrontier Corporation (NYSE:HFC) price target from $44 to $50. HollyFrontier shares fell 0.2% to $36.33 in pre-market trading. Raymond James cut the price target on EverCommerce Inc. (NASDAQ:EVCM) from $24 to $17. EverCommerce shares fell 1.6% to $12.02 in pre-market trading. Barclays boosted the price target for Ulta Beauty, Inc. (NASDAQ:ULTA) from $440 to $469. Ulta Beauty shares rose 0.3% to $358.50 in pre-market trading. SVB Leerink cut Nektar Therapeutics (NASDAQ:NKTR) price target from $
Credit Suisse analyst Manav Gupta maintains HollyFrontier (NYSE:HFC) with a Outperform and raises the price target from $44 to $50.
Upgrades According to Janney Montgomery Scott, the prior rating for Wintrust Financial Corp (NASDAQ:WTFC) was changed from Neutral to Buy. Wintrust Finl earned $1.58 in the fourth quarter, compared to $1.63 in the year-ago quarter. The stock has a 52-week-high of $105.56 and a 52-week-low of $65.66. At the end of the last trading period, Wintrust Finl closed at $87.30. B of A Securities upgraded the previous rating for Delek US Holdings Inc (NYSE:DK) from Underperform to Neutral. In the fourth quarter, Delek US Hldgs showed an EPS of $0.61, compared to $2.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.21 and a 52-week-low of $13.48. Delek US Hldgs closed
B of A Securities analyst Doug Leggate upgrades HollyFrontier (NYSE:HFC) from Neutral to Buy.
Within the last quarter, HollyFrontier (NYSE:HFC) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 0 0 3M Ago 0 0 0 0 0 These 4 analysts have an average price target of $39.0 versus the current price of HollyFrontier at $29.875, implying upside. Below is a summary of how these 4 analysts rated HollyFrontier over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock This average price target has incre
Wells Fargo analyst Roger Read upgrades HollyFrontier (NYSE:HFC) from Equal-Weight to Overweight and announces $41 price target.
HollyFrontier (NYSE:HFC) reported its Q4 earnings results on Wednesday, February 23, 2022 at 06:30 AM. Here's what investors need to know about the announcement. Earnings HollyFrontier missed estimated earnings by 37.5%, reporting an EPS of $-0.11 versus an estimate of $-0.08. Revenue was up $2.72 billion from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.51 which was followed by a 4.37% drop in the share price the next day. Here's a look at HollyFrontier's past performance: Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020 EPS Estimate 0.77 0.52 -0.46 -0.71 EPS Actual 1.28 0.87
HollyFrontier (NYSE:HFC) reported quarterly losses of $(0.11) per share which missed the analyst consensus estimate of $(0.08) by 37.5 percent. This is a 85.14 percent increase over losses of $(0.74) per share from the same period last year. The company reported quarterly sales of $5.62 billion which beat the analyst consensus estimate of $4.13 billion by 36.15 percent. This is a 93.83 percent increase over sales of $2.90 billion the same period last year.
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