Company profile

Ticker
HFC
Exchange
CEO
George J. Damiris
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Holly Corp
SEC CIK
IRS number
751056913

HFC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

7 May 20
2 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 3.4B 4.38B 4.42B 4.78B
Net income -293.29M 81.07M 297.98M 216.82M
Diluted EPS -1.88 0.37 1.58 1.15
Net profit margin -8.62% 1.85% 6.73% 4.53%
Operating income -410.3M 129.18M 426.78M 331.74M
Net change in cash 23.96M -96.69M 67.21M 418.51M
Cash on hand 909.13M 885.16M 981.86M 914.64M
Cost of revenue 2.69B 3.61B 3.4B 3.7B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 17.49B 17.71B 14.25B 10.54B
Net income 872.35M 1.18B 881.24M -190.95M
Diluted EPS 4.61 6.19 4.52 -1.48
Net profit margin 4.99% 6.65% 6.18% -1.81%
Operating income 1.28B 1.62B 900.54M -102.58M
Net change in cash -269.59M 524M -79.82M 644.05M
Cash on hand 885.16M 1.15B 630.76M 710.58M
Cost of revenue 13.92B 13.94B 11.47B 8.77B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
30 Jun 20 Stump James M. Common Stock Sale back to company Dispose D 0 9,510 0 72,692
9 Jun 20 Timothy Go Common Stock Grant Aquire A 0 23,589 0 51,894
9 Jun 20 Timothy Go Common Stock Grant Aquire A 0 28,305 0 28,305
1 Jun 20 Lerner Bruce A. Common Stock Grant Aquire A 0 8,029 0 8,029
82.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 424 503 -15.7%
Opened positions 55 76 -27.6%
Closed positions 134 67 +100.0%
Increased positions 158 169 -6.5%
Reduced positions 161 200 -19.5%
13F shares
Current Prev Q Change
Total value 29.63B 66.84B -55.7%
Total shares 133.62M 138.28M -3.4%
Total puts 914.5K 1.35M -32.5%
Total calls 546.4K 1.18M -53.5%
Total put/call ratio 1.7 1.2 +45.4%
Largest owners
Shares Value Change
Vanguard 18M $441.17M +0.1%
BLK BlackRock 14.9M $365.32M -1.9%
TCTC 12.44M $304.88M +0.1%
STT State Street 10.36M $253.85M +9.8%
Dimensional Fund Advisors 5.61M $137.43M +10.0%
BK Bank Of New York Mellon 3.47M $85.12M +4.1%
LSV Asset Management 2.9M $71.01M +17.4%
Aqr Capital Management 2.63M $64.47M -8.3%
Geode Capital Management 2.55M $62.47M -6.5%
Ajo 2.32M $56.82M -22.4%
Largest transactions
Shares Bought/sold Change
APG Asset Management 932.25K -2.09M -69.1%
FRLG Goldman Sachs 1.65M -2.03M -55.2%
Norges Bank 0 -1.91M EXIT
Citadel Advisors 1.39M +1.36M +4413.7%
PFG Principal Financial 1.45M +945.22K +187.6%
STT State Street 10.36M +927.85K +9.8%
Thompson Siegel & Walmsley 856.72K +856.72K NEW
River Road Asset Management 831.43K +831.43K NEW
Two Sigma Investments 59.54K -749.01K -92.6%
Ajo 2.32M -668.34K -22.4%

Financial report summary

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Risks
  • The prices of crude oil and refined and finished lubricant products materially affect our profitability, and are dependent upon many factors that are beyond our control, including general market demand and economic conditions, seasonal and weather-related factors, regional and grade differentials and governmental regulations and policies.
  • There are various risks associated with greenhouse gases and climate change that could result in increased operating costs and litigation and reduced demand for the refined products we produce and investment in our industry.
  • The availability and cost of renewable identification numbers and other required credits could have an adverse effect on our financial condition and results of operations.
  • To successfully operate our facilities, we are required to expend significant amounts for capital outlays and operating expenditures. If we are unable to complete capital projects at their expected costs or in a timely manner, or if the market conditions assumed in our project economics deteriorate, our financial condition, results of operations, or cash flows could be materially and adversely affected.
  • Cyberattacks or security breaches could have a material adverse effect on our business, financial condition and results of operations.
  • Competition in the refining and marketing industry is intense, and an increase in competition in the markets in which we sell our products could adversely affect our earnings and profitability.
  • The market for our lubricants and specialty products segment is highly competitive and requires us to continuously develop and introduce new products and product enhancements.
  • Our acquisition strategy involves numerous risks, any of which could adversely affect us.
  • We incur significant costs, and expect to incur additional costs in the future, to comply with existing, new and changing environmental, energy, health and safety laws and regulations, and face potential exposure for environmental matters.
  • Our wholesale purchases and sales of crude oil and certain petroleum products expose us to potential regulatory risks.
  • Our operations are subject to catastrophic losses, operational hazards and unforeseen interruptions and other disruptive risks for which we may not be adequately insured.
  • An impairment of our long-lived assets or goodwill could reduce our earnings or negatively impact our financial condition and results of operations.
  • A disruption to or proration of the refined product distribution systems or manufacturing facilities we utilize could negatively impact our profitability.
  • A material decrease in the supply of crude oil or other raw materials available to our refineries and other facilities could significantly reduce our production levels and negatively affect our operations.
  • We may be subject to information technology system failures, communications network disruptions and data breaches.
  • Our business is subject to complex and evolving U.S. and foreign laws, regulations and security standards regarding privacy, cybersecurity and data protection (“data protection laws”). Many of these laws are subject to change and uncertain interpretation, and could result in claims, increased cost of operations, or otherwise harm our business.
  • We may not be able to obtain funding on acceptable terms or at all because of volatility and uncertainty in the credit and capital markets. This may hinder or prevent us from meeting our future capital needs.
  • We depend upon HEP for a substantial portion of the crude supply and distribution network that serve our refineries, and we own a significant equity interest in HEP.
  • We are exposed to the credit risks, and certain other risks, of our key customers and vendors.
  • Terrorist attacks, and the threat of terrorist attacks or domestic vandalism, have resulted in increased costs to our business. Continued global hostilities or other sustained military campaigns may adversely impact our results of operations.
  • We may be unable to pay future dividends.
  • Potential product, service or other related liability claims and litigation could adversely affect our business, reputation and results of operations.
  • We sell many of our lubricants and specialty products through distributors, which presents risks that could adversely affect our operating results.
  • We may be unable to adequately protect our intellectual property, which may increase our cost of doing business or otherwise hurt our ability to compete in the market.
  • Our hedging transactions may limit our gains and expose us to other risks.
  • Changes in our credit profile, or a significant increase in the price of crude oil, may affect our relationship with our suppliers, which could have a material adverse effect on our liquidity and limit our ability to purchase sufficient quantities of crude oil to operate our refineries at desired capacity.
  • Our credit facility contains certain covenants and restrictions that may constrain our business and financing activities.
  • Our business may suffer due to a departure of any of our key senior executives or other key employees. Furthermore, a shortage of skilled labor may make it difficult for us to maintain labor productivity.
  • A portion of our workforce is unionized, and any disruptions in our labor force or adverse employee relations could adversely affect our business.
  • The market price of our common stock may fluctuate significantly, and the value of a stockholder’s investment could be impacted.
Management Discussion
  • Our operations are organized into three reportable segments, Refining, Lubricants and Specialty Products and HEP. See Note 15 “Segment Information” in the Notes to Consolidated Financial Statements for additional information on our reportable segments.
Content analysis ?
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