HFC - HollyFrontier Corporation

NYSE - NYSE Delayed Price. Currency in USD
31.14
-0.31 (-0.99%)
At close: 4:00PM EDT

31.10 -0.02 (-0.06%)
After hours: 7:49PM EDT

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Previous Close31.45
Open31.71
Bid31.10 x 800
Ask32.84 x 800
Day's Range31.12 - 31.96
52 Week Range18.48 - 58.88
Volume1,630,054
Avg. Volume3,052,558
Market Cap5.041B
Beta (5Y Monthly)1.77
PE Ratio (TTM)23.97
EPS (TTM)1.30
Earnings DateJul. 30, 2020 - Aug. 03, 2020
Forward Dividend & Yield1.40 (4.45%)
Ex-Dividend DateMay 22, 2020
1y Target Est36.71
  • The Energy Transition Is an Oil Refinery Making Renewable Diesel
    Bloomberg

    The Energy Transition Is an Oil Refinery Making Renewable Diesel

    (Bloomberg) -- In a sign of changing times, a U.S. oil refining company is converting one of its plants into a producer of clean fuel.HollyFrontier Corp.’s Cheyenne refinery will stop using crude oil and be repurposed to pump out renewable diesel, which is typically made from soybean oil, recycled cooking oil and animal fats. That’s after processing margins plummeted on the collapse in fuel demand due to Covid-19-related lockdowns. Besides, the old facility’s maintenance costs were “uncompetitive,” and the government is promoting cleaner fuel production.It’s the latest example of how the traditional fossil fuel industry is changing amid rising calls for the protection of the environment and increased demand for green sources of energy. Cheaper renewable energy projects have already led to decreasing coal output across the U.S., and now -- in the wake of oil’s historic crash -- some fuel producers are grappling with diminished returns from turning crude into fuel.“Demand for renewable diesel, as well as other lower carbon fuels, is growing and taking market share based on both consumer preferences and support from substantial federal and state government incentive programs,” Mike Jennings, chief executive officer of HollyFrontier, said in a statement Monday.The company expects to spend $125 million to $175 million to re-purpose Cheyenne to produce about 90 million gallons per year of renewable diesel by the first quarter of 2022. The plant will stop consuming crude oil at the end of July this year, and 200 workers will be laid off, according to HollyFrontier.The conversion plan comes as dozens of small refineries nationwide brace for a big spike in costs to comply with the Renewable Fuel Standard, which mandates they blend biofuel into gasoline or buy tradable credits to comply. For years, many small refineries have won exemptions from the mandate, but under a federal appeals court ruling in January, only refineries that have continually been granted waivers can count on getting them in the future.HollyFrontier is effectively shedding the Cheyenne refinery’s biofuel-blending obligation under the RFS and transforming it into a plant that stands to benefit from the program.Using the converted plant, HollyFrontier will be able to produce not just renewable diesel encouraged by the RFS but also compliance credits that can be sold separately. However the transition comes with other costs, as fewer workers will be necessary to run the converted plant. The RFS is effectively forcing the closure of a plant that generated tax revenue and jobs for Wyoming and mandating its replacement be a smaller plant that employs far fewer people to sell fuel to California, said a refining industry official who asked not to be named discussing industry strategy.Senator John Barrasso, a Republican from Wyoming, called the job cuts at the Cheyenne refinery “devastating.” Although the Covid-19 pandemic has hurt oil refineries, Barrasso also pinned blame on the Environmental Protection Agency’s handling of the Renewable Fuel Standard.“EPA has failed to protect small refineries from unreasonable compliance costs under the Renewable Fuel Standard,” Barrasso said in an emailed statement. “Congress mandated the agency protect refineries under the Clean Air Act” and “relief from the RFS is critical to small refineries.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • HollyFrontier Announces Expansion of Renewables Business
    Business Wire

    HollyFrontier Announces Expansion of Renewables Business

    HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced that its Board of Directors has approved a plan to convert the Cheyenne Refinery to renewable diesel production and to construct a pre-treatment unit ("PTU") located at the Artesia Refinery. Including the previously announced renewable diesel unit at the Artesia Refinery, HollyFrontier is expected to have a combined capacity to produce over 200 million gallons per year of renewable diesel and pre-treat over 80% of its feedstock. HollyFrontier expects to invest between $650-$750 million in its renewables business, with an expected aggregate internal rate of return of 20-30%.

  • The Zacks Analyst Blog Highlights: Diamondback Energy, EOG Resources, Pioneer Natural Resources, Valero Energy and HollyFrontier
    Zacks

    The Zacks Analyst Blog Highlights: Diamondback Energy, EOG Resources, Pioneer Natural Resources, Valero Energy and HollyFrontier

    The Zacks Analyst Blog Highlights: Diamondback Energy, EOG Resources, Pioneer Natural Resources, Valero Energy and HollyFrontier

  • Thomson Reuters StreetEvents

    Edited Transcript of HFC earnings conference call or presentation 7-May-20 12:30pm GMT

    Q1 2020 HollyFrontier Corp Earnings Call

  • The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton
    Zacks

    The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton

    The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton

  • HollyFrontier Corporation Announces Retirement of Mark Plake and Appointment of Bruce Lerner as President of its Lubricants & Specialties Segment
    Business Wire

    HollyFrontier Corporation Announces Retirement of Mark Plake and Appointment of Bruce Lerner as President of its Lubricants & Specialties Segment

    HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced that Mark A. Plake will step down from his role as President, HollyFrontier Lubricants & Specialties on June 1, 2020 and will retire from HollyFrontier on December 31, 2020. From June 1, 2020 to December 31, 2020, Mr. Plake will serve in an advisory role and assist with the transition of his current duties. Mr. Plake joined Holly Corporation in 1999 and has held various roles at HollyFrontier and Holly Energy Partners, L.P. during his 21 years with the company.

  • HollyFrontier Corporation Announces Regular Cash Dividend
    Business Wire

    HollyFrontier Corporation Announces Regular Cash Dividend

    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 June 18, 2020 to holders of record of common stock on May 26, 2020.

  • HollyFrontier (HFC) Q1 2020 Earnings Call Transcript
    Motley Fool

    HollyFrontier (HFC) Q1 2020 Earnings Call Transcript

    HFC earnings call for the period ending March 31, 2020.

  • Why These 3 Oil Refinery Stocks Jumped More Than 30% in April
    Motley Fool

    Why These 3 Oil Refinery Stocks Jumped More Than 30% in April

    Shares of oil refiners HollyFrontier (NYSE: HFC), Phillips 66 (NYSE: PSX), and Valero Energy (NYSE: VLO) rose between 34% and 40% in April, according to data provided by S&P Global Market Intelligence. HollyFrontier's shares were up 34.8%, Phillips 66's increased 36.4%, and Valero's soared 39.7%.

  • Stocks surge despite another grim jobless claims report
    Yahoo Finance Video

    Stocks surge despite another grim jobless claims report

    EventShares Chief Investment Officer Ben Phillips joins Yahoo Finance’s Seana Smith to discuss the additional 3.169 million Americans that filed for unemployment last week amid the coronavirus.

  • HollyFrontier (HFC) Q1 Earnings Beat, Sales Lag Estimates
    Zacks

    HollyFrontier (HFC) Q1 Earnings Beat, Sales Lag Estimates

    HollyFrontier's (HFC) Lubricants and Specialty Products segment records an EBITDA of $32.3 million in Q1 substantially rising 188% from the year-ago number.

  • HollyFrontier (HFC) Beats Q1 Earnings Estimates
    Zacks

    HollyFrontier (HFC) Beats Q1 Earnings Estimates

    HollyFrontier (HFC) delivered earnings and revenue surprises of 20.45% and -10.28%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • HollyFrontier Corporation Reports Quarterly Results
    Business Wire

    HollyFrontier Corporation Reports Quarterly Results

    HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today reported first quarter net loss attributable to HollyFrontier stockholders of $(304.6) million, or $(1.88) per diluted share, for the quarter ended March 31, 2020, compared to net income of $253.1 million, or $1.47 per diluted share, for the quarter ended March 31, 2019.

  • Energy Roundtable: If I Had to Buy 1 Oil Stock, This Would Be It
    Motley Fool

    Energy Roundtable: If I Had to Buy 1 Oil Stock, This Would Be It

    Oil prices have been all over the map this year. While we see those positives, we've also covered the oil market for years, which has tainted our bullishness a bit. If we each could only choose one of those to buy, it would be ConocoPhillips (NYSE: COP), HollyFrontier (NYSE: HFC), and Phillips 66 (NYSE: PSX).

  • What's in the Cards for HollyFrontier (HFC) in Q1 Earnings?
    Zacks

    What's in the Cards for HollyFrontier (HFC) in Q1 Earnings?

    HollyFrontier's (HFC) Lubricants and Specialty Products segment is likely to have performed well in the first quarter.

  • Earnings Preview: HollyFrontier (HFC) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: HollyFrontier (HFC) Q1 Earnings Expected to Decline

    HollyFrontier (HFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • How Does HollyFrontier's (NYSE:HFC) P/E Compare To Its Industry, After Its Big Share Price Gain?
    Simply Wall St.

    How Does HollyFrontier's (NYSE:HFC) P/E Compare To Its Industry, After Its Big Share Price Gain?

    HollyFrontier (NYSE:HFC) shareholders are no doubt pleased to see that the share price has bounced 39% in the last...

  • How Vesper Capital's UTRN ETF utilizes a short-term 'buy the dip' strategy
    Yahoo Finance Video

    How Vesper Capital's UTRN ETF utilizes a short-term 'buy the dip' strategy

    John Thompson, President of Vesper Capital, joined Yahoo Finance's Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss the firm's UTRN ETF and its investment strategy.

  • Oil & Gas Stock Roundup: Exxon's Spending Cut, Equinor's GoM Find & More
    Zacks

    Oil & Gas Stock Roundup: Exxon's Spending Cut, Equinor's GoM Find & More

    ExxonMobil (XOM) pares 2020 capital spending budget by 30%, while Equinor (EQNR) announced an oil discovery in the U.S. Gulf of Mexico.

  • HollyFrontier Cuts 2020 Capex View to Survive Oil Price Rout
    Zacks

    HollyFrontier Cuts 2020 Capex View to Survive Oil Price Rout

    HollyFrontier's (HFC) Lubricants and Specialty Products segment is scrapping 2020 outlook for Rack Forward due to flagging global market demand.

  • HollyFrontier Corporation Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Stockholders
    Business Wire

    HollyFrontier Corporation Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Stockholders

    HollyFrontier Corporation (NYSE: HFC) (the "Company" or "HollyFrontier") today announced that due to the emerging public health impact of the coronavirus pandemic (COVID-19) and to support the health and well-being of the Company’s stockholders, employees and their families, the Company will change the format of its Annual Meeting of Stockholders ("Annual Meeting") from in-person to a virtual meeting format only, via webcast. The webcast will be available at www.virtualshareholdermeeting.com/HFC2020. As previously announced, the Annual Meeting will be held on Wednesday, May 13, 2020 at 8:30 a.m., Central Daylight Time.

  • HollyFrontier Corporation Provides Business Update Related to COVID-19
    Business Wire

    HollyFrontier Corporation Provides Business Update Related to COVID-19

    HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier" or the "Company") today announced a business update in response to COVID-19. Due to the economic uncertainty in today’s environment, HFC is providing an update on its operations and balance sheet and announcing a revised 2020 capital budget.

  • How Does HollyFrontier's (NYSE:HFC) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does HollyFrontier's (NYSE:HFC) P/E Compare To Its Industry, After The Share Price Drop?

    To the annoyance of some shareholders, HollyFrontier (NYSE:HFC) shares are down a considerable 30% in the last month...

  • HollyFrontier Corporation First Quarter 2020 Earnings Release and Conference Webcast
    Business Wire

    HollyFrontier Corporation First Quarter 2020 Earnings Release and Conference Webcast

    HollyFrontier Corporation (NYSE: HFC) (the "Company") plans to announce results for its quarter ending March 31, 2020 on May 7, 2020, before the opening of trading on the NYSE. The Company has scheduled a webcast conference on May 7, 2020 at 8:30 a.m. Eastern time to discuss financial results.

  • HollyFrontier (HFC) Down 47.7% Since Last Earnings Report: Can It Rebound?
    Zacks

    HollyFrontier (HFC) Down 47.7% Since Last Earnings Report: Can It Rebound?

    HollyFrontier (HFC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.