Frontier Oil (FTO) Q1 2011 Earnings Call May 05, 2011 11:00 am ET Executives Nancy Zupan - Chief Accounting Officer and Vice President James Stump - Douglas Aron - Chief Financial Officer and Executive Vice President Michael Jennings - Chairman, Chief Executive Officer, President and Member of Executive Committee Kristine Boyd - Manager of Investor Relations Joey Purdy - VP, Refinery Supply Analysts Edward Westlake - Crédit Suisse AG Daniel Burke - Johnson Rice & Company, L.L.C. Evan Calio - Morgan Stanley Paul Cheng Jeffrey Dietert - Simmons & Company International Sam Margolin - Dahlman Rose & Company, LLC Douglas Leggate - BofA Merrill Lynch Chi Chow - Macquarie Research Unknown Analyst - Blake Fernandez - Howard Weil Incorporated PresentationOperator
Welcome to the Frontier Oil First Quarter 2011 Earnings Call. My name is John, and I'll be your operator for today's call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the call over to Ms. Kristine Boyd, VP Investor Relations. Ms. Boyd, you may begin. Kristine Boyd Thanks, John. Good morning, and thanks to all of you who are joining us this morning for our first quarter 2011 earnings call. On the call this morning are Mike Jennings, Chairman, President and CEO; Doug Aron, EVP and CFO; Jim Stump, VP of Refining Operations; Joey Purdy, VP of Commercial Operations; and other members of our executive management team. Before we get started, I would like to read our Safe Harbor statement.The primary purpose of this conference call is to describe the assets, operations and certain current and historical financial conditions associated with Frontier Oil Corporation.
Frontier Oil Corporation (NYSE:FTO) hit a new 52-week high Thursday as it is currently trading at $33.43, above its previous 52-week high of $33.37 with 1.1 million shares traded as of 11:52 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.
Frontier Oil Corporation (NYSE:FTO) hit a new 52-week high Wednesday as it is currently trading at $32.41, above its previous 52-week high of $32.37 with 1.1 million shares traded as of 11:16 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.
The ex-dividend date for Frontier Oil Corporation (NYSE:FTO) is tomorrow, June 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $30.13 as of 9:53 a.m., the dividend yield is 0.4%.