NYSE:HFC

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Executive Summary

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


Snowflake Analysis

Reasonable growth potential 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

Stable Share Price: HFC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.3%

HFC

-0.7%

US Oil and Gas

1.9%

US Market


1 Year Return

-38.9%

HFC

-39.9%

US Oil and Gas

4.3%

US Market

Return vs Industry: HFC matched the US Oil and Gas industry which returned -39.9% over the past year.

Return vs Market: HFC underperformed the US Market which returned 4.3% over the past year.


Shareholder returns

HFCIndustryMarket
7 Day-6.3%-0.7%1.9%
30 Day-11.0%-5.4%2.7%
90 Day20.8%21.9%26.4%
1 Year-36.8%-38.9%-37.0%-39.9%6.5%4.3%
3 Year12.6%3.1%-32.5%-39.6%35.1%26.2%
5 Year-26.3%-37.9%-36.5%-46.8%67.0%48.4%

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 compared to its fair value and its price relative to the market?

21.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HFC ($27.71) is trading above our estimate of fair value ($14.99)

Significantly Below Fair Value: HFC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HFC is poor value based on its PE Ratio (21.2x) compared to the Oil and Gas industry average (8.4x).

PE vs Market: HFC is poor value based on its PE Ratio (21.2x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: HFC is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: HFC is overvalued based on its PB Ratio (0.8x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is HollyFrontier forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

53.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HFC's forecast earnings growth (53.6% per year) is above the savings rate (2.2%).

Earnings vs Market: HFC's earnings (53.6% per year) are forecast to grow faster than the US market (22.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HFC's revenue (10.1% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: HFC's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HFC's Return on Equity is forecast to be low in 3 years time (12.3%).


Next Steps

Past Performance

How has HollyFrontier performed over the past 5 years?

23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HFC has a large one-off loss of $191.5M impacting its March 31 2005 financial results.

Growing Profit Margin: HFC's current net profit margins (1.3%) are lower than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: HFC's earnings have grown significantly by 23.3% per year over the past 5 years.

Accelerating Growth: HFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HFC had negative earnings growth (-80.1%) over the past year, making it difficult to compare to the Oil and Gas industry average (-22.9%).


Return on Equity

High ROE: HFC's Return on Equity (5%) is considered low.


Next Steps

Financial Health

How is HollyFrontier's financial position?


Financial Position Analysis

Short Term Liabilities: HFC's short term assets ($2.5B) exceed its short term liabilities ($1.3B).

Long Term Liabilities: HFC's short term assets ($2.5B) do not cover its long term liabilities ($3.8B).


Debt to Equity History and Analysis

Debt Level: HFC's debt to equity ratio (41.3%) is considered high.

Reducing Debt: HFC's debt to equity ratio has increased from 17.3% to 41.3% over the past 5 years.

Debt Coverage: HFC's debt is well covered by operating cash flow (60.3%).

Interest Coverage: HFC's interest payments on its debt are well covered by EBIT (5.9x coverage).


Balance Sheet


Next Steps

Dividend

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

5.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HFC's dividend (5.05%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: HFC's dividend (5.05%) is in the top 25% of dividend payers in the US market (4.49%)


Stability and Growth of Payments

Stable Dividend: HFC's dividend payments have been volatile in the past 10 years.

Growing Dividend: HFC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (104.2%), HFC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HFC's dividends in 3 years are forecast to be well covered by earnings (40.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Mike Jennings (54yo)

0.50

Tenure

US$6,477,413

Compensation

Mr. Michael C. Jennings, also known as Mike, serves as Chief Executive Officer and President of HollyFrontier Corporation since January 1, 2020. Mr. Jennings serves as Chief Executive Officer at Holly Logi ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD6.48M) is about average for companies of similar size in the US market ($USD5.86M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Jennings
CEO, President & Director0.50yrUS$6.48m0.012% $523.8k
Richard Voliva
Executive VP & CFO3.33yrsUS$3.10m0.041% $1.8m
James Stump
Senior Vice President of Refining9yrsUS$2.18m0.040% $1.8m
Thomas Creery
Senior Vice President of Commercial4.5yrsUS$2.05m0.054% $2.4m
Indira Agarwal
VP, Controller & Chief Accounting Officer0.083yrno data0.0022% $96.7k
John Harrison
VP of Finance1.83yrsno datano data
Craig Biery
Director of Investor Relationsno datano datano data
Vaishali Bhatia
Senior VP0.92yrno data0.0065% $287.5k
Paige Kester
Vice President of Aquisitions & Corporate Development7.5yrsno datano data
Mark Plake
Consultantno datano datano data

2.6yrs

Average Tenure

48yo

Average Age

Experienced Management: HFC's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Jennings
CEO, President & Director0.50yrUS$6.48m0.012% $523.8k
Franklin Myers
Independent Chairman of the Board1.42yrsUS$484.96k0.016% $692.2k
James Lee
Independent Director9.5yrsUS$300.90k0.028% $1.3m
Douglas Bech
Independent Lead Directorno dataUS$320.70k0.087% $3.9m
Robert Kostelnik
Independent Director9.5yrsUS$313.65k0.021% $937.0k
Anna Catalano
Independent Director2.67yrsUS$287.65k0.0032% $143.5k
Leldon Echols
Independent Director11.5yrsUS$315.05k0.024% $1.1m
Michael Rose
Independent Director9.5yrsUS$307.55k0.014% $612.0k
Anne-Marie Ainsworth
Independent Director2.67yrsUS$290.05k0.0032% $143.5k
R. Knocke
Independent Director1.42yrsUS$386.06k0.0016% $71.3k

9.5yrs

Average Tenure

65.5yo

Average Age

Experienced Board: HFC's board of directors are considered experienced (9.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$4.457b
  • Shares outstanding: 160.86m
  • 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 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 5 refineries with a combined crude oil processing capacity of approximately 457,000 barrels per day in El Dorado, Kansas; Tulsa, Oklahoma; Artesia, New Mexico; Cheyenne, Wyoming; 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 founded in 1947 and is headquartered in Dallas, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/01 23:52
End of Day Share Price2020/07/01 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.