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Stock Market & Financial Investment News

News Breaks
January 23, 2014
06:42 EDTHFCHollyFrontier downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded HolyFrontier due to valuation and cites lack of near-term catalysts for refining stocks ahead of historically weaker summer months.
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September 3, 2015
08:04 EDTHFCHollyFrontier, Holly Energy agree in principle El Dorado unit acquisition
HollyFrontier Corporation (HFC) and Holly Energy Partners, L.P. (HEP) announced an agreement in principle for the acquisition by Holly Energy of the newly constructed naphtha fractionation and hydrogen generation units at HollyFrontier's El Dorado refinery. Holly Energy is expected to pay HollyFrontier cash consideration of approximately $62M, subject to the execution of definitive agreements and other customary closing conditions. Both HollyFrontier and Holly Energy expect the proposed transaction will close during the fourth quarter of 2015. In connection with the closing of the proposed transaction, HollyFrontier and Holly Energy expect to enter into 15-year tolling agreements containing minimum quarterly throughput commitments from HollyFrontier. Holly Energy expects that the transaction will be immediately accretive to unitholders.
September 1, 2015
11:38 EDTHFCHollyFrontier and Holly Energy Partners hold a joint analyst day
Joint Analyst Day is being held in Dallas, Texas on September 3 at 9 am. Webcast Link
August 24, 2015
07:24 EDTHFCHollyFrontier downgraded to Underperform from Neutral at BofA/Merrill
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