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In a challenging market environment, shares of HollyFrontier Corporation (NYSE: DINO) have reached a 52-week low, dipping to $33.47. The energy sector has faced significant headwinds, which have impacted the company’s stock performance over the past year. Despite these challenges, the company maintains a solid 5.67% dividend yield and has consistently paid dividends for 38 consecutive years, demonstrating long-term financial stability. HollyFrontier, a company specializing in petroleum refining, has seen its shares struggle to gain momentum, reflecting a broader industry trend. Over the past year, the stock has experienced a substantial decline, with a 1-year change showing a decrease of nearly 39.86%. According to InvestingPro analysis, the stock appears undervalued at current levels, with strong liquidity metrics showing current assets exceeding short-term obligations. This downturn highlights the volatility and pressures within the energy market, as investors and analysts closely monitor the company’s performance and sector-specific developments. For detailed insights and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, HF Sinclair Corporation reported a net loss for the fourth quarter of 2024, with earnings per share (EPS) at -$1.02, missing the anticipated $0.01 EPS. Revenue for the quarter was $6.5 billion, falling short of the expected $6.77 billion. Despite these financial setbacks, the company maintained a strong liquidity position with $3.3 billion as of December 31, 2024. In another development, Sinclair Oil, a subsidiary of HF Sinclair, announced a three-year sponsorship agreement with the Utah Hockey Club, starting in 2025. This partnership will include promotions and co-branded events, enhancing Sinclair Oil’s community engagement. HF Sinclair also plans significant capital investments in 2025, with $775 million allocated for sustaining capital and $100 million for growth projects. Lastly, the company returned over $1 billion to shareholders in 2024 through dividends and share buybacks, demonstrating its commitment to maximizing shareholder value.
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