HollyFrontier stock hits 52-week low at $38.24 amid market challenges

Published 12/12/2024, 11:40 PM
DINO
-

In a challenging market environment, HollyFrontier Corporation (DINO) stock has touched a 52-week low, reaching a price level of $38.24. According to InvestingPro analysis, the stock appears undervalued, trading at just 0.75 times book value while offering a substantial 5.14% dividend yield. The energy sector has faced significant headwinds, and HollyFrontier's stock performance reflects the broader industry trend. Over the past year, the company has seen its stock value decrease by 27.83%, underscoring the volatility and pressures within the refining and marketing segment of the oil and gas industry. Despite these challenges, management has been actively buying back shares, and the company has maintained dividend payments for 37 consecutive years. Investors are closely monitoring the company's strategic moves and market conditions, which could influence the stock's trajectory in the upcoming quarters. InvestingPro subscribers can access 10+ additional key insights and a comprehensive Pro Research Report for deeper analysis of DINO's prospects.

In other recent news, HF Sinclair Corp has disclosed its capital expenditure plans for the fiscal year 2025, projecting a total capital and turnaround cash spending of $875 million. The company intends to allocate $775 million for sustaining capital investments across its various segments, with the refining sector receiving the largest portion at $240 million. Furthermore, HF Sinclair has earmarked $100 million for growth capital investments.

The company recently reported a net loss of $76 million in the third quarter of 2024, influenced by special items that reduced net income by $172 million. However, the adjusted net income was $97 million, and the adjusted EBITDA for the quarter stood at $316 million. These figures represent a significant decrease from the previous year's earnings.

In the wake of these developments, HF Sinclair anticipates spending approximately $800 million to $875 million in capital expenditures in 2025, focusing on operational reliability and shareholder returns. The company is also adjusting for the transition from the Blender's Tax Credit to a Carbon Intensity-based credit system. These are the recent developments that continue to shape the company's strategies and financial outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.