The stock of HollyFrontier Corp (NYSE:HFC) is a huge mover today! About 856,870 shares traded hands. HollyFrontier Corp (NYSE:HFC) has declined 25.34% since March 4, 2016 and is downtrending. It has underperformed by 33.38% the S&P500.
The move comes after 9 months negative chart setup for the $4.35 billion company. It was reported on Oct, 7 by Barchart.com. We have $23.40 PT which if reached, will make NYSE:HFC worth $261.00 million less.
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 $61.17 million for 17.78 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 “Sector Outperform” rating given by Howard Weil on Thursday, August 6. Piper Jaffray maintained it with “Neutral” rating and $26 target price in Friday, September 16 report. The stock has “Outperform” rating given by Oppenheimer on Saturday, September 5. The firm has “Sell” rating by Goldman Sachs given on Wednesday, March 23. The stock of HollyFrontier Corp (NYSE:HFC) has “Outperform” rating given on Friday, July 24 by Macquarie Research. The rating was downgraded by Morgan Stanley to “Underweight” on Friday, June 17. The firm earned “Sector Perform” rating on Thursday, August 6 by Scotia Capital. RBC Capital Markets maintained HollyFrontier Corp (NYSE:HFC) rating on Friday, September 4. RBC Capital Markets has “Outperform” rating and $60.0 price target. The stock has “Neutral” rating given by Citigroup on Wednesday, October 21. The rating was downgraded by Bank of America to “Neutral” on Monday, August 24.
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 increased, 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.
Bnp Paribas Arbitrage Sa last reported 183,306 shares in the company. Moreover, Utah Retirement Sys has 0.02% invested in HollyFrontier Corp (NYSE:HFC) for 29,582 shares. Aqr Ltd holds 0.19% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 4.59M shares. Architects holds 0.01% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 892 shares. Wells Fargo And Mn owns 462,643 shares or 0% of their US portfolio. Advisory Ser Networks Ltd Llc holds 0% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 381 shares. Mutual Of America Capital Ltd Liability Company has invested 0.07% of its portfolio in HollyFrontier Corp (NYSE:HFC). Ig Management owns 115,197 shares or 0.01% of their US portfolio. Retail Bank Of Montreal Can last reported 0% of its portfolio in the stock. Next Group owns 368 shares or 0% of their US portfolio. Moreover, Los Angeles Capital Management And Equity Inc has 0.24% invested in HollyFrontier Corp (NYSE:HFC) for 1.19 million shares. Korea Inv Corp last reported 0.05% of its portfolio in the stock. Nikko Asset Americas Inc holds 0.33% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 143,300 shares. The Maine-based Schroder Invest Gp has invested 0.04% in HollyFrontier Corp (NYSE:HFC). Zurcher Kantonalbank (Zurich Cantonalbank) has 0.01% invested in the company for 17,878 shares.
Another recent and important HollyFrontier Corp (NYSE:HFC) news was published by Reuters.com which published an article titled: “BRIEF-HollyFrontier Corp, HFWCR, HEP Operating, and HEP entered into a LLC…” on October 05, 2016.
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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