NEW YORK ( TheStreet) -- 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. ET, the dividend yield is 0.4%.

The average volume for Frontier Oil has been 2.7 million shares per day over the past 30 days. Frontier Oil has a market cap of $3.3 billion and is part of the basic materials sector and energy industry. Shares are up 67.6% year to date as of the close of trading on Wednesday.

Frontier Oil Corporation, together with its subsidiaries, engages in refining crude oil and marketing refined petroleum products. The company has a P/E ratio of 14.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Frontier Oil as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Frontier Oil Ratings Report.

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