The stock of HollyFrontier Corp (NYSE:HFC) is a huge mover today! About 3.54 million shares traded hands. HollyFrontier Corp (NYSE:HFC) has declined 32.88% since March 29, 2016 and is downtrending. It has underperformed by 36.36% the S&P500.
The move comes after 6 months positive chart setup for the $4.33 billion company. It was reported on Oct, 31 by Barchart.com. We have $32.66 PT which if reached, will make NYSE:HFC worth $1.34 billion more.
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 $60.79M for 17.81 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), 7 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 47% are positive. HollyFrontier has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Friday, September 4 with “Outperform”. Howard Weil downgraded the stock to “Sector Perform” rating in Wednesday, October 19 report. On Monday, October 10 the stock rating was maintained by with “Overweight”. The stock has “Sector Perform” rating given by Scotia Capital on Thursday, August 6. Macquarie Research initiated HollyFrontier Corp (NYSE:HFC) on Friday, July 24 with “Outperform” rating. The company was maintained on Friday, September 16 by Piper Jaffray. The firm earned “Outperform” rating on Saturday, September 5 by Oppenheimer. On Sunday, September 6 the stock rating was maintained by Deutsche Bank with “Hold”. Barclays Capital maintained it with “Overweight” rating and $49 target price in Thursday, February 25 report. The firm has “Buy” rating by Bank of America given on Tuesday, January 5.
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 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.
Vsr Finance Ser, a Kansas-based fund reported 13,288 shares. Norinchukin Financial Bank The accumulated 0.02% or 29,400 shares. Deutsche Retail Bank Ag has 0.02% invested in the company for 1.35 million shares. Congress Asset Mgmt Co Ma, a Massachusetts-based fund reported 91,715 shares. State Of New Jersey Common Pension Fund D accumulated 1.25 million shares or 0.13% of the stock. Moreover, Vident Inv Advisory Limited Com has 0.18% invested in HollyFrontier Corp (NYSE:HFC) for 54,226 shares. Gsa Cap Llp has 66,872 shares for 0.09% of their US portfolio. Regal Invest Advisors Ltd reported 117,565 shares or 0.77% of all its holdings. Buckhead Capital Mgmt Llc accumulated 0.4% or 93,650 shares. Sir Mngmt Limited Partnership holds 204,457 shares or 0.72% of its portfolio. Aqr Cap Mgmt Limited accumulated 4.59M shares or 0.19% of the stock. Archford Strategies Ltd, a Illinois-based fund reported 575 shares. Moreover, Westport Resource Mgmt Inc has 0.01% invested in HollyFrontier Corp (NYSE:HFC) for 960 shares. Stifel Finance Corporation holds 0.01% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 85,984 shares. Moreover, Commonwealth Equity has 0% invested in HollyFrontier Corp (NYSE:HFC) for 23,064 shares.
More news for HollyFrontier Corp (NYSE:HFC) were recently published by: Business.Financialpost.com, which released: “Suncor Energy Inc sells lubricants unit to HollyFrontier Corp for $1.13 billion” on October 31, 2016. Reuters.com‘s article titled: “BRIEF-HollyFrontier Corp, HFWCR, HEP Operating, and HEP entered into a LLC…” and published on October 05, 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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