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 ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. 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Extended Open Season, Dividends, Acquisitions, and Financial Results - Research Report on Phillips 66, HollyFrontier, Western
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