SplitTrader predicts this week's lone split announcement

During regular trading, Holly Corporation (AMEX:HOC) announced a 2-for-1 stock split as approved by the Board of Directors on Friday. Qualifying shareholders will receive one additional common share for each common shared owned, payable on July 6, 2001. Outstanding shares will increase to approximately 15.4 million and the float will rise to 6 million. Holly announced one prior stock split in its history, a 2:1 in 1988.

HOC shares had a range today of 41.00 - 45.70 with recent prices retracing to 43.24, up +0.74 from yesterday's close. Volume was heavy at 192,400; the average 3-month volume is 54.8 thousand.

SplitTrader has Holly Corp. posted on our "Expected" list, accurately predicting today's split announcement. Please check back for updates as analysts watch for the opportunity of a Split Run Play recommendation.

Holly Corp. is an independent refiner of petroleum and petroleum derivatives and producer of high value light products such as gasoline, diesel fuel, and jet fuel for sale in the southwestern U.S. and northern Mexico. For the six months ended 1/31/01, revenues rose 45% to $609.1M. Net income totaled $33M vs. a loss of $1.7M. Revenues reflect increased refined product prices. Earnings reflect higher refinery margins and lower maintenance & consulting costs.

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