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., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.
Company profile
Ticker
HFC
Website
CEO
Michael Jennings
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Exxon Mobil • Chevron • Phillips 66 • Valero Energy • Hess • Marathon Petroleum • Conoco Phillips • PBF Energy • CVR Energy • Delek US ...
Former names
HOLLY CORP
SEC CIK
Corporate docs
Subsidiaries
7037619 Canada Inc. • Artesia PTU LLC • Artesia Renewable Diesel Company LLC • Black Eagle LLC • Cheyenne Logistics LLC • Cheyenne Renewable Diesel Company LLC • Cushing Connect Pipeline & Terminal LLC • Eagle Consolidation LLC • El Dorado Logistics LLC • El Dorado Operating LLC ...
IRS number
751056913
Latest filings (excl ownership)
15-15D
Suspension of duty to report
2 May 22
15-12B
Securities registration termination
29 Apr 22
10-K/A
2021 FY
Annual report (amended)
28 Apr 22
10-K/A
2021 FY
Annual report (amended)
28 Apr 22
8-K
Entry into a Material Definitive Agreement
27 Apr 22
8-K
Entry into a Material Definitive Agreement
8 Apr 22
15-12B
Securities registration termination
29 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Mar 22
Transcripts
Earnings call transcript
2022 Q1
9 May 22
Earnings call transcript
2021 Q4
23 Feb 22
Earnings call transcript
2021 Q3
3 Nov 21
Earnings call transcript
2021 Q2
4 Aug 21
Earnings call transcript
2021 Q1
5 May 21
Earnings call transcript
2020 Q4
24 Feb 21
Earnings call transcript
2020 Q3
5 Nov 20
Earnings call transcript
2020 Q1
6 Aug 20
Earnings call transcript
2020 Q1
7 May 20
Earnings call transcript
2019 Q4
20 Feb 20
Latest ownership filings
SC 13G
Boston Partners
11 Feb 22
SC 13G/A
STATE STREET CORP
9 Feb 22
SC 13G
FMR LLC
9 Feb 22
SC 13G/A
VANGUARD GROUP INC
9 Feb 22
SC 13G/A
BlackRock Inc.
1 Feb 22
4
Richard Lawrence Voliva III
3 Dec 21
4
Michael Jennings
3 Dec 21
4
Timothy Go
3 Dec 21
4
Thomas G Creery
3 Dec 21
4
Vaishali S. Bhatia
3 Dec 21
Financial summary
| Quarter (USD) | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 234.44 mm | 234.44 mm | 234.44 mm | 234.44 mm | 234.44 mm | 234.44 mm |
| Cash burn (monthly) | 415.71 mm | 94.49 mm | 14.38 mm | (no burn) | 110.94 mm | (no burn) |
| Cash used (since last report) | 5.48 bn | 1.25 bn | 189.70 mm | n/a | 1.46 bn | n/a |
| Cash remaining | -5.25 bn | -1.01 bn | 44.75 mm | n/a | -1.23 bn | n/a |
| Runway (months of cash) | -12.6 | -10.7 | 3.1 | n/a | -11.1 | n/a |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 0.00 |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Dec 21 | Indira Agarwal | Common Stock | Payment of exercise | Dispose F | No | No | 32.41 | 959 | 31.08 k | 15,411 |
| 1 Dec 21 | Indira Agarwal | Common Stock | Payment of exercise | Dispose F | No | No | 32.41 | 298 | 9.66 k | 16,370 |
| 1 Dec 21 | Indira Agarwal | Common Stock | Grant | Acquire A | No | No | 0 | 1,223 | 0.00 | 16,668 |
| 1 Dec 21 | Vaishali S. Bhatia | Common Stock | Payment of exercise | Dispose F | No | No | 32.41 | 3,581 | 116.06 k | 48,877 |
| 1 Dec 21 | Thomas G Creery | Common Stock | Payment of exercise | Dispose F | No | No | 32.41 | 3,361 | 108.93 k | 158,522 |
| 1 Dec 21 | Thomas G Creery | Common Stock | Payment of exercise | Dispose F | No | No | 32.41 | 2,326 | 75.39 k | 161,883 |
| 1 Dec 21 | Thomas G Creery | Common Stock | Grant | Acquire A | No | No | 0 | 9,551 | 0.00 | 164,209 |
| 1 Dec 21 | Michael Jennings | Common Stock | Payment of exercise | Dispose F | No | No | 32.41 | 21,108 | 684.11 k | 238,887 |
| 1 Dec 21 | Voliva Richard Lawrence III | Common Stock | Payment of exercise | Dispose F | Yes | No | 32.41 | 914 | 29.62 k | 25,394 |
| 1 Dec 21 | Voliva Richard Lawrence III | Common Stock | Payment of exercise | Dispose F | Yes | No | 32.41 | 368 | 11.93 k | 26,308 |