HollyFrontier Corporation operates as an independent petroleum refiner in the United States.
+ 1 more risk
Reasonable growth potential average dividend payer.
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.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: HFC matched the US Oil and Gas industry which returned -43.6% over the past year.
Return vs Market: HFC underperformed the US Market which returned 6.7% over the past year.
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
1 week ago | Simply Wall StNeed To Know: HollyFrontier Corporation (NYSE:HFC) Insiders Have Been Selling Shares
4 weeks ago | Simply Wall StWe Think HollyFrontier's (NYSE:HFC) Statutory Profit Might Understate Its Earnings Potential
1 month ago | Simply Wall StHollyFrontier (NYSE:HFC) Shareholders Booked A 30% Gain In The Last Three Years
Is HollyFrontier undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HFC ($26.98) is trading above our estimate of fair value ($15.12)
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 (20.7x) compared to the US Oil and Gas industry average (8x).
PE vs Market: HFC is poor value based on its PE Ratio (20.7x) compared to the US market (16.2x).
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's PB Ratio (0.8x) is in line with the US Oil and Gas industry average.
How is HollyFrontier forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HFC's forecast earnings growth (55.7% per year) is above the savings rate (2.2%).
Earnings vs Market: HFC's earnings (55.7% per year) are forecast to grow faster than the US market (22.9% 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 (9.4% 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 (11.5%).
How has HollyFrontier performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HFC has a large one-off loss of $191.5M impacting its March 31 2020 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 (-21.6%).
Return on Equity
High ROE: HFC's Return on Equity (5%) is considered low.
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 ($3.8B).
Debt to Equity History and Analysis
Debt Level: HFC's debt to equity ratio (41.3%) is considered high.
Reducing Debt: HFC's debt to equity ratio has increased from 17.3% to 41.3% over the past 5 years.
Debt Coverage: HFC's debt is well covered by operating cash flow (60.3%).
Interest Coverage: HFC's interest payments on its debt are well covered by EBIT (5.9x coverage).
What is HollyFrontier current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HFC's dividend (5.19%) is higher than the bottom 25% of dividend payers in the US market (1.68%).
High Dividend: HFC's dividend (5.19%) is in the top 25% of dividend payers in the US market (4.6%)
Stability and Growth of Payments
Stable Dividend: HFC's dividend payments have been volatile in the past 10 years.
Growing Dividend: HFC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (104.2%), HFC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HFC's dividends in 3 years are forecast to be well covered by earnings (43% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Jennings (54yo)
Mr. Michael C. Jennings, also known as Mike, serves as Chief Executive Officer and President of HollyFrontier Corporation since January 1, 2020. Mr. Jennings serves as Chief Executive Officer at Holly Logi ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD6.48M) is about average for companies of similar size in the US market ($USD5.85M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO, President & Director||0.50yr||US$6.48m||0.012% $510.0k|
|Executive VP & CFO||3.33yrs||US$3.10m||0.041% $1.8m|
|Senior Vice President of Commercial||4.5yrs||US$2.05m||0.054% $2.4m|
|Executive VP & COO||0.083yr||no data||no data|
|VP, Controller & Chief Accounting Officer||0.083yr||no data||0.0022% $94.2k|
|VP of Finance||1.83yrs||no data||no data|
|Director of Investor Relations||no data||no data||no data|
|Senior VP||0.67yr||no data||0.0065% $279.9k|
|Vice President of Aquisitions & Corporate Development||7.5yrs||no data||no data|
|Consultant||no data||no data||no data|
|President of HollyFrontier Lubricants & Specialties||0.083yr||no data||no data|
Experienced Management: HFC's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
|CEO, President & Director||0.50yr||US$6.48m||0.012% $510.0k|
|Independent Chairman of the Board||1.42yrs||US$484.96k||0.016% $674.0k|
|Independent Director||9.5yrs||US$300.90k||0.028% $1.2m|
|Independent Lead Director||no data||US$320.70k||0.087% $3.8m|
|Independent Director||9.5yrs||US$313.65k||0.021% $912.3k|
|Independent Director||2.67yrs||US$287.65k||0.0032% $139.8k|
|Independent Director||11.5yrs||US$315.05k||0.024% $1.0m|
|Independent Director||9.5yrs||US$307.55k||0.014% $595.9k|
|Independent Director||2.67yrs||US$290.05k||0.0032% $139.8k|
|Independent Director||1.42yrs||US$386.06k||0.0016% $69.4k|
Experienced Board: HFC's board of directors are considered experienced (9.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
HollyFrontier Corporation's company bio, employee growth, exchange listings and data sources
- Name: HollyFrontier Corporation
- Ticker: HFC
- Exchange: NYSE
- Founded: 1947
- Industry: Oil and Gas Refining and Marketing
- Sector: Energy
- Market Cap: US$4.340b
- Shares outstanding: 160.86m
- Website: https://www.hollyfrontier.com
Number of Employees
- HollyFrontier Corporation
- 2828 North Harwood
- Suite 1300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HFC||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|HL8||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 23:54|
|End of Day Share Price||2020/07/13 00:00|