NYSE:HFC

Stock Analysis Report

Executive Summary

HollyFrontier Corporation operates as an independent petroleum refiner in the United States.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

How has HollyFrontier's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.7%

NYSE:HFC

-0.3%

US Oil and Gas

0.9%

US Market


1 Year Return

-35.1%

NYSE:HFC

-21.5%

US Oil and Gas

0.3%

US Market

HFC underperformed the Oil and Gas industry which returned -22.6% over the past year.

HFC underperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

HFCIndustryMarket
7 Day-1.7%-0.3%0.9%
30 Day-5.5%-7.6%-1.9%
90 Day4.0%-10.6%1.6%
1 Year-33.6%-35.1%-18.6%-21.5%2.6%0.3%
3 Year93.2%76.6%-6.1%-14.5%41.0%31.8%
5 Year8.2%-9.5%-32.7%-41.8%55.2%38.0%

Price Volatility Vs. Market

How volatile is HollyFrontier's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HollyFrontier undervalued based on future cash flows and its price relative to the stock market?

20%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

HollyFrontier's share price is below the future cash flow value, but not at a moderate discount (< 20%).

HollyFrontier's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

HollyFrontier is good value based on earnings compared to the US Oil and Gas industry average.

HollyFrontier is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

HollyFrontier earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

HollyFrontier is overvalued based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

How is HollyFrontier expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

-8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

HollyFrontier's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

HollyFrontier's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

HollyFrontier's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

HollyFrontier's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

HollyFrontier's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

HollyFrontier is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has HollyFrontier performed over the past 5 years?

25.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

HollyFrontier has delivered over 20% year on year earnings growth in the past 5 years.

HollyFrontier's 1-year earnings growth is negative, it can't be compared to the 5-year average.

HollyFrontier's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.


Return on Equity

HollyFrontier has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

HollyFrontier used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

HollyFrontier has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is HollyFrontier's financial position?


Financial Position Analysis

HollyFrontier is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

HollyFrontier's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

HollyFrontier's level of debt (37.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (15.4% vs 37.8% today).

Debt is well covered by operating cash flow (72.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 14x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.4x debt.


Next Steps

Dividend

What is HollyFrontier's current dividend yield, its reliability and sustainability?

3.01%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase HollyFrontier before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

HollyFrontier's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

HollyFrontier's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).


Next Steps

Management

What is the CEO of HollyFrontier's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

George Damiris (59yo)

3.6yrs

Tenure

US$11,350,368

Compensation

Mr. George J. Damiris has been the Chief Executive Officer and President of HollyFrontier Corporation since January 1, 2016. Mr. Damiris has been Chief Executive Officer of Holly Logistic Services, LLC, th ...


CEO Compensation Analysis

George's remuneration is higher than average for companies of similar size in United States of America.

George's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.6yrs

Average Tenure

60yo

Average Age

The tenure for the HollyFrontier management team is about average.


Board Age and Tenure

8.6yrs

Average Tenure

64.5yo

Average Age

The tenure for the HollyFrontier board of directors is about average.


Insider Trading

More shares have been bought than sold by HollyFrontier individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$124,30006 Aug 19
Franklin Myers
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,500
Max PriceUS$49.72
BuyUS$124,06209 May 19
Franklin Myers
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,900
Max PriceUS$42.78
SellUS$497,43025 Feb 19
Michael Jennings
EntityIndividual
Role
Member of the Board of Directors
Director
Shares9,000
Max PriceUS$55.27
SellUS$844,08015 Feb 19
Turtle Creek Management, LLC
EntityCompany
Shares17,000
Max PriceUS$51.06
SellUS$92,42904 Dec 18
Robert Kostelnik
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,500
Max PriceUS$62.29

Ownership Breakdown


Management Team

  • Jack Reid (83yo)

    Executive VP

    • Tenure: 0.0yrs
    • Compensation: US$271.54k
  • William Gray (78yo)

    Senior VP

    • Tenure: 0.0yrs
    • Compensation: US$110.35k
  • George Damiris (59yo)

    CEO, President & Director

    • Tenure: 3.6yrs
    • Compensation: US$11.35m
  • Stephen Wise

    Treasurer & VP

    • Tenure: 0.0yrs
  • Rich Voliva (41yo)

    CFO & Executive VP

    • Tenure: 2.4yrs
    • Compensation: US$3.27m
  • John Gann (61yo)

    Chief Accounting Officer

    • Tenure: 0.0yrs
  • James Stump (51yo)

    Senior Vice President of Refining

    • Tenure: 8.1yrs
    • Compensation: US$2.22m
  • Tom Creery (60yo)

    Senior Vice President of Commercial

    • Tenure: 3.6yrs
    • Compensation: US$2.12m
  • Paige Kester

    Vice President of Aquisitions & Corporate Development

    • Tenure: 6.6yrs
  • Craig Biery

    Director of Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Franklin Myers (66yo)

    Chairman of the Board

    • Tenure: 0.5yrs
    • Compensation: US$299.03k
  • Mike Jennings (53yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$467.03k
  • James Lee (70yo)

    Independent Director

    • Tenure: 8.6yrs
    • Compensation: US$282.53k
  • George Damiris (59yo)

    CEO, President & Director

    • Tenure: 3.6yrs
    • Compensation: US$11.35m
  • Doug Bech (73yo)

    Independent Lead Director

    • Tenure: 0.0yrs
    • Compensation: US$331.03k
  • Bob Kostelnik (67yo)

    Independent Director

    • Tenure: 8.6yrs
    • Compensation: US$308.63k
  • Anna Catalano (60yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$282.63k
  • Lel Echols (63yo)

    Independent Director

    • Tenure: 10.6yrs
    • Compensation: US$310.03k
  • Mike Rose (72yo)

    Independent Director

    • Tenure: 8.6yrs
    • Compensation: US$302.53k
  • Anne-Marie Ainsworth (63yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$285.03k

Company Information

HollyFrontier Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HollyFrontier Corporation
  • Ticker: HFC
  • Exchange: NYSE
  • Founded: 1947
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: US$7.496b
  • Shares outstanding: 163.37m
  • Website: https://www.hollyfrontier.com

Number of Employees


Location

  • HollyFrontier Corporation
  • 2828 North Harwood
  • Suite 1300
  • Dallas
  • Texas
  • 75201
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HFCNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
HL8DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 23:39
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.