TOday’s Movers: HollyFrontier (NYSE:HFC) Stock Rating Reaffirmed at Argus; $85 Target Price Indicates 12.06 % Potential

May 24, 2018 - By Hazel Jackson

Investors sentiment is 1.19 in 2017 Q4. Its the same as in 2017Q3. It is flat, as 40 investors sold HollyFrontier Corporation shares while 125 reduced holdings. only 85 funds opened positions while 112 raised stakes. 144.13 million shares or 0.54% more from 143.35 million shares in 2017Q3 were reported.

Bogle L P De invested in 1.04% or 277,316 shares. Focused Wealth Mngmt owns 4,800 shares. Parametric Portfolio Associate Lc reported 833,637 shares. City Hldgs holds 0.08% of its portfolio in HollyFrontier Corporation (NYSE:HFC) for 5,000 shares. Peapack Gladstone Corporation has 9,822 shares. Guggenheim Cap Ltd Liability has invested 0.04% in HollyFrontier Corporation (NYSE:HFC). Moreover, Aqr Cap Mgmt Limited Liability Corp has 0.07% invested in HollyFrontier Corporation (NYSE:HFC). Hsbc Public Limited Com, a United Kingdom-based fund reported 152,099 shares. Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma invested in 27 shares. Royal Bancorp Of Canada invested in 0% or 128,112 shares. Connecticut-based Corecommodity Management Ltd Liability has invested 1.32% in HollyFrontier Corporation (NYSE:HFC). Virginia Retirement Sys Et Al reported 19,243 shares. Ellington Mgmt Grp Ltd Liability Corporation accumulated 11,400 shares or 0.1% of the stock. Foster & Motley holds 5,253 shares. Stifel Corporation reported 24,200 shares.

Since December 13, 2017, it had 0 insider purchases, and 14 selling transactions for $13.71 million activity. Shares for $356,872 were sold by BECH DOUGLAS Y. The insider Creery Thomas G sold $1.35M. Shares for $591,930 were sold by LEE JAMES H. Another trade for 10,000 shares valued at $663,600 was sold by Jennings Michael. Another trade for 15,821 shares valued at $1.05M was made by McWatters Denise Clark on Friday, May 4. ROSE MICHAEL E sold $673,100 worth of stock.

HollyFrontier (NYSE:HFC) Rating Reaffirmed

They currently have a $85 PT on HollyFrontier (NYSE:HFC). The target price by Argus would suggest a potential upside of 12.06 % from the company’s stock close price. This has been revealed in a research note on 24 May.

HollyFrontier Corporation (NYSE:HFC) Ratings Coverage

Among 12 analysts covering Hollyfrontier Corp (NYSE:HFC), 5 have Buy rating, 3 Sell and 4 Hold. Therefore 42% are positive. Hollyfrontier Corp has $80 highest and $38.0 lowest target. $60.22’s average target is -20.61% below currents $75.85 stock price. Hollyfrontier Corp had 22 analyst reports since December 8, 2017 according to SRatingsIntel. The company was maintained on Wednesday, February 21 by Cowen & Co. The firm earned “Equal-Weight” rating on Friday, April 13 by Morgan Stanley. Cowen & Co maintained the shares of HFC in report on Friday, December 8 with “Hold” rating. The firm has “Buy” rating by Deutsche Bank given on Thursday, May 3. The rating was maintained by JP Morgan with “Underweight” on Tuesday, March 13. The stock of HollyFrontier Corporation (NYSE:HFC) earned “Neutral” rating by Credit Suisse on Friday, May 4. The firm earned “Underweight” rating on Monday, April 9 by JP Morgan. Credit Suisse reinitiated HollyFrontier Corporation (NYSE:HFC) on Wednesday, March 7 with “Neutral” rating. The company was maintained on Wednesday, December 20 by RBC Capital Markets. On Sunday, January 21 the stock rating was maintained by Piper Jaffray with “Hold”.

The stock increased 2.96% or $2.18 during the last trading session, reaching $75.85. About 1.34 million shares traded. HollyFrontier Corporation (NYSE:HFC) has risen 84.07% since May 24, 2017 and is uptrending. It has outperformed by 72.52% the S&P500.

Analysts await HollyFrontier Corporation (NYSE:HFC) to report earnings on August, 1. They expect $1.42 earnings per share, up 115.15 % or $0.76 from last year’s $0.66 per share. HFC’s profit will be $248.67 million for 13.35 P/E if the $1.42 EPS becomes a reality. After $0.77 actual earnings per share reported by HollyFrontier Corporation for the previous quarter, Wall Street now forecasts 84.42 % EPS growth.

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company has market cap of $13.28 billion. The firm operates through two divisions, Refining and HEP. It has a 16.78 P/E ratio. It primarily produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.

HollyFrontier Corporation (NYSE:HFC) Institutional Positions Chart

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