Could HollyFrontier Corp Rise Even More? The Stock Had Bullish Options Activity

 Could HollyFrontier Corp Rise Even More? The Stock Had Bullish Options Activity

In today’s session HollyFrontier Corp (HFC) registered an unusually high (405) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious HFC increase. With 405 contracts traded and 31614 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: HFC170120C00027500 closed last at: $1.3 or 225% up. About 669,943 shares traded hands. HollyFrontier Corp (NYSE:HFC) has declined 24.73% since April 11, 2016 and is downtrending. It has underperformed by 30.87% the S&P500.

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. $65 is the highest target while $24 is the lowest. The $40.47 average target is 60.34% above today’s ($25.24) stock price. HollyFrontier has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, September 16 by Piper Jaffray. JP Morgan maintained HollyFrontier Corp (NYSE:HFC) on Friday, June 10 with “Neutral” rating. The firm has “Outperform” rating given on Thursday, August 6 by Oppenheimer. As per Tuesday, January 12, the company rating was maintained by Barclays Capital. The stock of HollyFrontier Corp (NYSE:HFC) has “Neutral” rating given on Monday, August 22 by Piper Jaffray. Howard Weil upgraded the shares of HFC in a report on Thursday, August 6 to “Sector Outperform” rating. Howard Weil downgraded HollyFrontier Corp (NYSE:HFC) on Wednesday, October 19 to “Sector Perform” rating. maintained it with “Overweight” rating and $35 target price in Monday, October 10 report. Howard Weil upgraded HollyFrontier Corp (NYSE:HFC) on Wednesday, May 18 to “Outperform” rating. Bank of America upgraded HollyFrontier Corp (NYSE:HFC) on Tuesday, January 5 to “Buy” rating.

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 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.
National Bank Of Montreal Can holds 0% or 45,525 shares in its portfolio. Mizuho Asset Mngmt Coltd last reported 0.01% of its portfolio in the stock. Daiwa Secs Grp Incorporated accumulated 4,100 shares or 0% of the stock. S&T Commercial Bank Pa accumulated 148,149 shares or 0.58% of the stock. Utah Retirement holds 0.02% or 29,582 shares in its portfolio. Genesee Valley accumulated 21,662 shares or 0.33% of the stock. Omers Administration Corp owns 60,500 shares or 0.03% of their US portfolio. D E Shaw & Incorporated holds 0.01% or 170,379 shares in its portfolio. Dreman Value Mngmt L L C has 0.33% invested in the company for 22,696 shares. Stanley, a Alabama-based fund reported 9,799 shares. Kbc Gp Nv last reported 0.02% of its portfolio in the stock. Cap Fund Mngmt holds 0.02% or 71,691 shares in its portfolio. Panagora Asset Mgmt Incorporated holds 0% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 36,821 shares. Sei Invests Com owns 78,274 shares or 0.01% of their US portfolio. Toronto Dominion Natl Bank accumulated 2,846 shares or 0% of the stock.

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 $1.41M was made by Jennings Michael on Friday, November 4.

HollyFrontier Corporation is an independent petroleum refiner. The company has a market cap of $4.43 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.

More recent HollyFrontier Corp (NYSE:HFC) news were published by: Streetinsider.com which released: “Form 4 HollyFrontier Corp For: Nov 08 Filed by: McWatters Denise Clark” on November 10, 2016. Also Moodys.com published the news titled: “Moody’s affirms HollyFrontier’s Baa3 rating following Petro-Canada Lubricant’s …” on October 31, 2016. Reuters.com‘s news article titled: “HollyFrontier in the lead to acquire Petro-Canada lubricants: sources” with publication date: October 21, 2016 was also an interesting one.

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