The stock of HollyFrontier Corp (NYSE:HFC) is a huge mover today! About 1.26 million shares traded hands. HollyFrontier Corp (NYSE:HFC) has declined 20.92% since April 28, 2016 and is downtrending. It has underperformed by 26.84% the S&P500.
The move comes after 6 months positive chart setup for the $5.44 billion company. It was reported on Dec, 1 by Barchart.com. We have $30.69 PT which if reached, will make NYSE:HFC worth $217.60M more.
Analysts await HollyFrontier Corp (NYSE:HFC) to report earnings on February, 22. They expect $0.10 earnings per share, down 58.33% or $0.14 from last year’s $0.24 per share. HFC’s profit will be $18.43 million for 73.78 P/E if the $0.10 EPS becomes a reality. After $0.38 actual earnings per share reported by HollyFrontier Corp for the previous quarter, Wall Street now forecasts -73.68% negative EPS growth.
HollyFrontier Corp (NYSE:HFC) Ratings Coverage
Out of 16 analysts covering HollyFrontier (NYSE:HFC), 7 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 44% are positive. HollyFrontier has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, December 18 the stock rating was maintained by Deutsche Bank with “Buy”. As per Monday, October 10, the company rating was maintained by . On Friday, September 4 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Buy” rating given by Bank of America on Tuesday, January 5. Bank of America downgraded the shares of HFC in a report on Monday, August 24 to “Neutral” rating. Howard Weil upgraded the stock to “Sector Outperform” rating in Thursday, August 6 report. The company was downgraded on Tuesday, December 15 by Howard Weil. As per Friday, November 6, the company rating was maintained by RBC Capital Markets. Cowen & Co maintained HollyFrontier Corp (NYSE:HFC) rating on Wednesday, February 24. Cowen & Co has “Market Perform” rating and $30 price target. The firm has “Overweight” rating given on Thursday, February 25 by Barclays Capital.
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 1.08 in 2016 Q2. Its up 0.04, from 1.04 in 2016Q1. The ratio is positive, 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.
Gulf Bancorporation (Uk) holds 55,758 shares or 0.02% of its portfolio. The New York-based Qs Invsts Ltd Co has invested 0% in HollyFrontier Corp (NYSE:HFC). Decatur Cap Mgmt last reported 0.21% of its portfolio in the stock. The Massachusetts-based Boston Private Wealth Ltd Liability has invested 0.01% in HollyFrontier Corp (NYSE:HFC). Wfg Advisors Limited Partnership last reported 1,547 shares in the company. Edge Asset Mngmt accumulated 2.73M shares or 0.58% of the stock. Ladenburg Thalmann Fincl Svcs Incorporated accumulated 0% or 7,509 shares. Beacon Tru Co has 0.84% invested in the company for 136,381 shares. Orrstown Financial Svcs accumulated 0% or 30 shares. Mizuho Asset Management Coltd has 2,154 shares for 0.01% of their US portfolio. Schroder Investment Mngmt reported 733,300 shares or 0.04% of all its holdings. Moreover, State Street Corp has 0.02% invested in HollyFrontier Corp (NYSE:HFC) for 7.57 million shares. Moreover, Lingohr Partner Asset Mgmt Gmbh has 0.25% invested in HollyFrontier Corp (NYSE:HFC) for 10,600 shares. Nuveen Asset Management Ltd Liability Corporation holds 96,005 shares or 0.01% of its portfolio. Invesco, a Georgia-based fund reported 465,531 shares.
Insider Transactions: Since November 4, 2016, the stock had 0 buys, and 1 insider sale for $1.41 million net activity. Another trade for 60,000 shares valued at $1.41 million was made by Jennings Michael on Friday, November 4.
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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