The stock of HollyFrontier Corp (NYSE:HFC) is a huge mover today! The stock increased 3.77% or $0.89 during the last trading session, hitting $24.5. About 3.15 million shares traded hands. HollyFrontier Corp (NYSE:HFC) has declined 28.22% since February 26, 2016 and is downtrending. It has underperformed by 38.64% the S&P500.
The move comes after 5 months positive chart setup for the $4.25 billion company. It was reported on Oct, 1 by Barchart.com. We have $38.96 PT which if reached, will make NYSE:HFC worth $2.51 billion more.
Analysts await HollyFrontier Corp (NYSE:HFC) to report earnings on November, 3. They expect $0.35 earnings per share, down 80.77% or $1.47 from last year’s $1.82 per share. HFC’s profit will be $60.71M for 17.50 P/E if the $0.35 EPS becomes a reality. After $0.28 actual earnings per share reported by HollyFrontier Corp for the previous quarter, Wall Street now forecasts 25.00% EPS growth.
HollyFrontier Corp (NYSE:HFC) Ratings Coverage
Out of 14 analysts covering HollyFrontier (NYSE:HFC), 7 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 50% are positive. HollyFrontier has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Friday, December 18. The stock of HollyFrontier Corp (NYSE:HFC) has “Neutral” rating given on Monday, April 11 by Credit Suisse. Bank of America downgraded HollyFrontier Corp (NYSE:HFC) on Monday, August 24 to “Neutral” rating. Barclays Capital maintained HollyFrontier Corp (NYSE:HFC) rating on Tuesday, January 12. Barclays Capital has “Overweight” rating and $58.0 price target. As per Thursday, August 6, the company rating was upgraded by Scotia Capital. As per Wednesday, February 24, the company rating was maintained by Cowen & Co. As per Friday, June 17, the company rating was downgraded by Morgan Stanley. Piper Jaffray maintained it with “Neutral” rating and $27 target price in Monday, August 22 report. The firm has “Outperform” rating by Oppenheimer given on Thursday, August 6. Piper Jaffray maintained it with “Neutral” rating and $26 target price in Friday, September 16 report.
According to Zacks Investment Research, “HollyFrontier Corporation is engaged in refining petroleum. It produces and markets gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. HollyFrontier Corporation, formerly known as Holly Corporation, is headquartered in Dallas, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.12, from 0.92 in 2016Q1. The ratio improved, as 62 funds sold all HollyFrontier Corp shares owned while 120 reduced positions. 49 funds bought stakes while 141 increased positions. They now own 142.84 million shares or 4.51% less from 149.58 million shares in 2016Q1.
Blackrock Mngmt Ltd Liability last reported 621,913 shares in the company. Aviva Public Limited Com has invested 0.02% of its portfolio in HollyFrontier Corp (NYSE:HFC). Moreover, Robertson Opportunity Cap Ltd Limited Liability Company has 2.66% invested in HollyFrontier Corp (NYSE:HFC) for 139,500 shares. Timber Hill reported 18,360 shares or 0% of all its holdings. Viking Fund Mgmt Lc reported 90,000 shares or 0.37% of all its holdings. Nationwide Fund owns 683,719 shares or 0.07% of their US portfolio. Bnp Paribas Investment Prns has invested 0.02% of its portfolio in HollyFrontier Corp (NYSE:HFC). Commonwealth Comml Bank Of Australia holds 0.01% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 47,506 shares. Ameriprise, a Minnesota-based fund reported 1.27 million shares. Lsv Asset Mngmt holds 3.71 million shares or 0.18% of its portfolio. The United Kingdom-based Winton Gp Incorporated Ltd has invested 0.08% in HollyFrontier Corp (NYSE:HFC). Bokf Na, a Oklahoma-based fund reported 55,436 shares. Shinko Asset Management Ltd reported 578 shares or 0% of all its holdings. Envestnet Asset owns 3,895 shares or 0% of their US portfolio. State Of Wisconsin Board has invested 0.02% of its portfolio in HollyFrontier Corp (NYSE:HFC).
More news for HollyFrontier Corp (NYSE:HFC) were recently published by: Seekingalpha.com, which released: “Refineries Showing Value: Holly Frontier” on September 26, 2016. Reuters.com‘s article titled: “BRIEF-Holly Energy and Hollyfrontier Corp announce dropdown of Woods Cross…” and published on September 19, 2016 is yet another important article.
HFC Company Profile
HollyFrontier Corporation (HollyFrontier), incorporated on January 25, 1947, is an independent petroleum refiner. The Firm produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Firm operates through two divisions: Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the activities of the Company’s El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries and HollyFrontier Asphalt Company (HFC Asphalt). The HEP segment involves all of the activities of HEP.
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