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Stock Market & Financial Investment News

News Breaks
July 9, 2014
07:28 EDTHFCHollyFrontier upgraded to Outperform at Wells Fargo
Wells Fargo upgraded HollyFrontier to Outperform from Market Perform citing the recent pullback in shares and a positive outlook for crude differentials in late 2014/2015. Wells keeps a $50-$53 price target range for shares.
News For HFC From The Last 14 Days
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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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