On June 20, CEO and President of Hollyfrontier (NYSE:HFC) Michael Jennings sold 110,000 shares at an average price of $34.12. The total transaction amount is $3,753,200.
Mr. Jennings joined Frontier in 2005 as Executive Vice President and Chief Financial Officer. He served as President and Chief Executive Officer in 2009. In July 1, 2011, he was named Chief Executive Officer and President of the Company. Before coming to HollyFrontier, Jennings worked at Cooper Cameron Corporation as Vice President and Treasurer.
Other directors and officers of the Company have sold HFC shares. Director Michael E. Rose sold 20,000 shares of HFC stock on May 11 at the average price of $30.1. On March 30, Director Bufurd P Berry sold 3,000 shares of HFC stock at the average price of $32.01. Director James H. Lee sold 8,000 shares of HFC stock on March 13 at the average price of $36.36.
GuruFocus Guru George Soros Bought 713 thousand shares in the quarter ended on March 31, 2012. A 60.69% decrease from the previous quarter, Ray Dalio owns 374,242 shares as of the 2012 first quarter. Daniel Loeb sold out all of his holdings during the same quarter.
Announced in HollyFrontier Corporation’s 2012 first quarter financial results, the Company reported net income of $247.02 million and revenues of $4.9 billion.