Aggressive’ Bullish Options Activity Seen in HollyFrontier Corp

 Aggressive' Bullish Options Activity Seen in HollyFrontier Corp

In today’s session HollyFrontier Corp (HFC) registered an unusually high (322) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious HFC increase. With 322 contracts traded and 7514 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: HFC161216C00028000 closed last at: $0.7 or 7.7% up. About 336,812 shares traded hands. HollyFrontier Corp (NYSE:HFC) has declined 32.48% since March 9, 2016 and is downtrending. It has underperformed by 39.89% the S&P500.

Analysts await HollyFrontier Corp (NYSE:HFC) to report earnings on November, 3. They expect $0.35 EPS, down 80.77% or $1.47 from last year’s $1.82 per share. HFC’s profit will be $60.43M for 17.50 P/E if the $0.35 EPS becomes a reality. After $0.28 actual EPS reported by HollyFrontier Corp for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

HollyFrontier Corp (NYSE:HFC) Ratings Coverage

Out of 15 analysts covering HollyFrontier (NYSE:HFC), 8 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 53% are positive. $65 is the highest target while $26 is the lowest. The $43.60 average target is 77.96% above today’s ($24.5) stock price. HollyFrontier has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, December 18 the stock rating was maintained by Deutsche Bank with “Buy”. Oppenheimer maintained the shares of HFC in a report on Saturday, September 5 with “Outperform” rating. The firm has “Neutral” rating given on Friday, June 10 by JP Morgan. The stock has “Overweight” rating given by Barclays Capital on Tuesday, January 12. The company was maintained on Thursday, February 25 by Barclays Capital. Bank of America downgraded HollyFrontier Corp (NYSE:HFC) on Monday, August 24 to “Neutral” rating. The firm has “Sector Outperform” rating by Howard Weil given on Thursday, August 6. Bank of America upgraded HollyFrontier Corp (NYSE:HFC) rating on Tuesday, January 5. Bank of America has “Buy” rating and $50.0 price target. The stock has “Underweight” rating given by Morgan Stanley on Friday, June 17. Cowen & Co maintained it with “Market Perform” rating and $30 target price in Wednesday, February 24 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 Q2 2016. 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.
Shinko Asset Mngmt Ltd owns 578 shares or 0% of their US portfolio. Suntrust Banks has 55,969 shares for 0.01% of their US portfolio. Winton Capital Gp Ltd holds 0.08% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 194,673 shares. Janney Montgomery Scott Lc reported 25,300 shares or 0.01% of all its holdings. The Florida-based Raymond James And Assocs has invested 0.01% in HollyFrontier Corp (NYSE:HFC). State Board Of Administration Of Florida Retirement reported 284,978 shares or 0.02% of all its holdings. Bessemer Gp has invested 0% of its portfolio in HollyFrontier Corp (NYSE:HFC). Vantage Limited Liability last reported 130 shares in the company. Mutual Of America Cap Management Ltd Liability Corporation has 0.07% invested in the company for 128,842 shares. Analytic Invsts Ltd Liability Com has 233,253 shares for 0.07% of their US portfolio. Sumitomo Mitsui Trust has 0.02% invested in the company for 512,055 shares. The North Dakota-based Viking Fund Mngmt Limited Liability Corporation has invested 0.37% in HollyFrontier Corp (NYSE:HFC). Mariner Wealth Advsr Ltd has 13,500 shares for 0.02% of their US portfolio. Paradigm Asset Mngmt Limited Liability accumulated 0% or 26,021 shares. Henderson Group Public Ltd Company, a United Kingdom-based fund reported 28,400 shares.

HollyFrontier Corporation is an independent petroleum refiner. The company has a market cap of $4.23 billion. The Firm produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It currently has negative earnings. The Firm operates through two divisions: Refining and Holly Energy Partners, L.P. (HEP).

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.

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.

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