The HollyFrontier Corporation is a Fortune 500 company based in Dallas, TX. HollyFrontier is a petroleum refiner and distributor of petroleum products, from gasoline to petroleum-based lubricants and waxes.
George Damiris currently holds the title as CEO.The company has primary refining operations in Kansas, New Mexico, Oklahoma, Utah, and Wyoming.
HollyFrontier Corporation was originally incorporated under the name General Appliance Corporation in 1947 and changed its name to Holly Corporation in 1952. Holly Corporation bought both the Sinclair (originally Texaco) and the Sunoco (originally Cosden) refineries in Tulsa, Oklahoma in 2009, and announced that it would operate both as a single refinery.
A) The Executive
George J. Damiris, Chief Executive Officer and President.
Mr. Damiris has served as Chief Executive Officer and President since January 2016. He previously served as Executive Vice President and Chief Operating Officer from September 2014 to January 2016 and as Senior Vice President, Supply and Marketing from January 2008 until September 2014. Mr. Damiris has served as Chief Executive Officer of HLS since November 2016 and as President of HLS since February 2017. Mr. Damiris joined Holly Corporation in 2007 as Vice President, Corporate Development after an 18-year career with Koch Industries, where he was responsible for managing various refining, chemical, trading, and financial businesses.
Mr. Damiris currently serves as a director of Eagle Materials Inc. and of HLS, the general partner of the general partner of HEP. Mr. Damiris brings to the Board extensive industry experience, familiarity with the day-to-day operations of the Company and significant insight into issues facing the industry.
As the President, Chief Executive Officer, and Director of HollyFrontier, the total compensation of George Damiris at HollyFrontier is $11,350,400. There are no executives at HollyFrontier getting paid more.
George Damiris is 58, he's been the President, Chief Executive Officer, and Director of HollyFrontier since 2016. There are 9 older and 4 younger executives at HollyFrontier. The oldest executive at HollyFrontier Corporation is Douglas Bech, 73, who is the Lead Independent Director.
Over the last 3 years, insiders at HollyFrontier have traded over $28,838,404 worth of HollyFrontier stock and bought 2,900 units worth $124,062 . The most active insider traders include Michael Jennings, Franklin Myers, and George John Damiris. On average, HollyFrontier executives and independent directors trade stock every 40 days with the average trade being worth of $871,097. The most recent stock trade was executed by Franklin Myers on 9 May 2019, trading 2,900 units of HFC stock currently worth $124,062.
B). The Firm
HollyFrontier Corporation, incorporated on January 25, 1947, is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Refining segment includes the operations of the Company's El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt). The HEP segment involves all of the operations of HEP.
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.
The Company's Rocky Mountain Region includes Cheyenne and Woods Cross Refineries. As of December 31, 2016, the Cheyenne and the Woods Cross Refineries had crude oil processing capacities of 52,000 and 45,000 barrels per stream day, respectively. The Cheyenne Refinery processes heavy Canadian crudes, as well as local sweet crudes, such as that produced from the Bakken shale and similar resources. The Woods Cross Refinery processes regional sweet and black wax crude, as well as Canadian sour crude oils into light products.
The Company manufactures commodity and modified asphalt products at its manufacturing facilities located in Glendale, Arizona; Albuquerque, New Mexico; Artesia, New Mexico and Catoosa, Oklahoma. Its Albuquerque and Artesia facilities manufacture modified hot asphalt products and commodity emulsions from base asphalt materials provided by its refineries and third-party suppliers. Its Glendale facility manufactures modified hot asphalt products from base asphalt materials provided by its refineries and third-party suppliers. Its Catoosa facility manufactures specialty modified asphalt and commodity asphalt products. The Company markets these asphalt products in Arizona, New Mexico, Oklahoma, Kansas, Missouri, Texas and northern Mexico. Its products are shipped through third-party trucking companies to commercial customers that provide asphalt based materials for commercial and government projects.
The organization employs 3,522 employees in total as of date.
Today's current NYSE:HFC price chart at a 5 minute granularity. View up to six years of HollyFrontier stock price data, use multiple technical tools and export chart images for use in articles and blog posts. The latest closing price for NYSE:HFC as of May 16, 2019 is 44.69.
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Oils/Energy | Oil Refining & Marketing | $7.464B | $17.715B |
HollyFrontier Corporation is engaged in refining petroleum. It produces and markets gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. HollyFrontier Corporation, formerly known as Holly Corporation, is headquartered in Dallas, Texas.HollyFrontier market cap history and chart from 2006 to 2019. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of diluted shares outstanding. HollyFrontier market cap as of May 16, 2019 is $7.46B.
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