HollyFrontier Corporation Buyback
OLI recorded this information on 5/6/2015
|| HollyFrontier Corporation (NYSE:HFC) ("HollyFrontier" or the "Company") today announced its Board of Directors has authorized a $1 billion share repurchase program. This authorization replaces all existing share repurchase authorizations, of which there was approximately $462 million remaining after having recently purchased approximately 1.4 million shares in the first quarter of 2015. Share repurchases will be made in the open market or through privately negotiated transactions from time to time and are subject to market conditions, corporate, regulatory and other considerations. This share repurchase program may be discontinued at any time by the Board of Directors.
HollyFrontier is a petroleum refiner that produces products such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. Co.'s segments are: Refining, which involves the purchase and refining of crude oil and wholesale and branded marketing of refined products; Lubricants and Specialty Products, which includes the production of lubricant products such as base oils, white oils, specialty products and finished lubricants; and Co.'s subsidiary, Holly Energy Partners, L.P., which owns and operates logistics and refinery assets consisting of petroleum product and crude oil pipelines, terminals, tankage, loading rack facilities and processing units.
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