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Extended Open Season, Dividends, Acquisitions, and Financial Results - Research Report on Phillips 66, HollyFrontier, Western

    Extended Open Season, Dividends, Acquisitions, and Financial Results -
 Research Report on Phillips 66, HollyFrontier, Western Refining, CVR Energy,
                                  and Delek

Editor Note: For more information about this release, please scroll to bottom

PR Newswire

NEW YORK, December 2, 2013

NEW YORK, December 2, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Phillips
66 (NYSE: PSX), HollyFrontier Corporation (NYSE: HFC), Western Refining, Inc.
(NYSE: WNR), CVR Energy, Inc. (NYSE: CVI), and Delek US Holdings, Inc. (NYSE:
DK). Today's readers may access these reports free of charge - including full
price targets, industry analysis and analyst ratings - via the links below.

Phillips 66 Research Report

On November 14, 2013, Phillips 66 reported that through its subsidiary
Phillips 66 Pipeline LLC, the Company is extending its open season for the
Cross-Channel Connector project to December 12, 2013, at the request of
shippers who want additional time to evaluate the project. The Company stated
that as part of this project, Phillips 66 Pipeline LLC is proposing to
reactivate an idle section of 20-inch diameter pipeline under the Houston Ship
Channel and expand an existing 20-inch diameter active line in Pasadena,
Texas. Phillips 66 stated that the Cross-Channel Connector could be fully
operational in 2014, subject to timely market commitments and receipt of the
necessary permits and regulatory approval. The Full Research Report on
Phillips 66 - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/e6e5_PSX

--

HollyFrontier Corporation Research Report

On November 13, 2013, HollyFrontier Corporation (HollyFrontier) announced that
its Board of Directors has declared a special cash dividend of $0.50 per share
which will be payable on December 16, 2013, to holders of record of common
stock as of November 29, 2013. The Company further announced that its Board of
Directors has also approved a regular quarterly dividend of $0.30 per share,
payable on December 27, 2013, to holders of record of common stock as of
December 6, 2013. Mike Jennings, President and CEO of HollyFrontier,
commented, "This represents the fourth special dividend declared this year,
and the eleventh since the HollyFrontier merger. Including today's announced
dividends, HollyFrontier has returned over $1.9 billion to shareholders since
our merger, and our last twelve month cash dividend yield stands at 7.1%
relative to today's closing price of $44.88." The Full Research Report on
HollyFrontier Corporation - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/8838_HFC

--

Western Refining, Inc. Research Report

On November 12, 2013, Western Refining, Inc. (Western Refining) announced that
it has entered into a definitive agreement to acquire ACON Investments' (ACON)
and TPG's ownership interests in Northern Tier Energy LP (Northern Tier
Energy) for a total consideration of $775 million. Western Refining informed
that as a result of the transaction, it will own Northern Tier Energy's
general partner and c.35.6 million limited partner units, representing
approximately 38.7% of Northern Tier Energy. Jeff Stevens, CEO and President
of Western Refining said, "This investment further enhances our strategic goal
of expanding our refining presence in areas with direct pipeline access to
cost-advantaged crude oil resources. By adding these strategically aligned
assets to our business portfolio, this transaction adds scale to our business
and diversifies our operations by adding a new geographic region to our
refining platform." The Full Research Report on Western Refining, Inc. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/ea34_WNR

--

CVR Energy, Inc. Research Report

On November 1, 2013, CVR Energy, Inc. (CVR Energy) reported Q3 2013 financial
results. In Q3 2013, the Company's net sales totaled c.$2 billion, down 17.9%
YoY. Q3 2013 net income attributable to CVR Energy stockholders was $44.0
million, or $0.51 per diluted share, compared to $208.9 million, or $2.41 per
diluted share, in Q3 2012. Jack Lipinski, CEO of CVR Energy said, "Our third
quarter results were heavily impacted by unprecedented downtime related to the
Fluid Catalytic Cracking Unit outage at CVR Refining's Coffeyville refinery.
Significantly weakened crack spreads and product basis, as well as tightening
crude differentials in late August, further impacted our results. The refinery
resumed full operations on Sept. 11 and maintained strong operational
performance for the remainder of the quarter." The Full Research Report on CVR
Energy, Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/bd3b_CVI

--

Delek US Holdings, Inc. Research Report

On November 6, 2013, Delek US Holdings, Inc. (Delek) reported Q3 2013
financial results. In Q3 2013, the Company achieved net sales of $2.4 billion,
up 6.2% YoY. Net loss attributable to Delek stood at $1.7 million, or $0.03
per diluted share, compared to net income of $94.5 million, or $1.57 per
diluted share, in Q3 2012. According to the Company, lower earnings were
mainly attributed to the refining segment, as a decline in 5-3-2 Gulf Coast
crack spread, an increase in crude oil prices, and backwardation of the crude
oil futures market contributed to fall in refining margins on a YoY basis. Uzi
Yemin, Chairman, President, and CEO of Delek said, "While the refining
environment was challenging in the third quarter, our refining segment did
increase throughput levels compared to the prior year period. In addition our
logistics segment performed well and we continued to unlock value with the
first drop down to Delek Logistics in July. The retail segment also showed
solid year-over-year improvement during the quarter." The Company also
announced that its Board of Directors declared a regular quarterly cash
dividend of $0.15 per share, payable on December 17, 2013 to shareholders of
record as on November 26, 2013. The Full Research Report on Delek US Holdings,
Inc. - including full detailed breakdown, analyst ratings and price targets -
is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/ad55_DK

----

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SOURCE Analysts' Corner

Contact: Joe Thomas CONTACT PHONE: +1-310-496-8071 (North America)
 
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