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 (302) 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 302 contracts traded and 4844 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: HFC161216C00023000 closed last at: $6.9 or 9.5% up. The stock decreased 2.97% or $0.87 on November 23, hitting $28.45. HollyFrontier Corp (NYSE:HFC) has declined 21.45% since April 22, 2016 and is downtrending. It has underperformed by 26.86% the S&P500.

Analysts await HollyFrontier Corp (NYSE:HFC) to report earnings on February, 22. They expect $0.10 EPS, down 58.33% or $0.14 from last year’s $0.24 per share. HFC’s profit will be $17.12 million for 71.13 P/E if the $0.10 EPS becomes a reality. After $0.38 actual EPS 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. The firm earned “Market Perform” rating on Wednesday, February 24 by Cowen & Co. Morgan Stanley downgraded it to “Underweight” rating and $28 target price in Friday, June 17 report. Citigroup downgraded the stock to “Neutral” rating in Wednesday, October 21 report. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 12 report. The rating was maintained by Credit Suisse with “Neutral” on Monday, April 11. On Monday, August 24 the stock rating was downgraded by Bank of America to “Neutral”. The stock has “Outperform” rating given by Oppenheimer on Thursday, August 6. As per Thursday, August 6, the company rating was upgraded by Scotia Capital. The firm earned “Outperform” rating on Friday, July 24 by Macquarie Research. The company was maintained 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.
Smith Graham Invest Advsr L P last reported 0.47% of its portfolio in the stock. Moreover, Nomura Asset Management Company has 0.01% invested in HollyFrontier Corp (NYSE:HFC) for 26,310 shares. Glg Ltd Company has 9,557 shares for 0.02% of their US portfolio. Deroy & Devereaux Private Invest Counsel reported 92,300 shares or 0.29% of all its holdings. Lingohr Partner Asset Gmbh accumulated 0.25% or 10,600 shares. Comerica Bancorp has 0.03% invested in the company for 134,293 shares. State Of Tennessee Treasury Department has 0.04% invested in the company for 311,200 shares. State Common Retirement Fund, a New York-based fund reported 543,100 shares. Mckinley Cap Mngmt Limited Company Delaware has 830 shares for 0% of their US portfolio. Synovus accumulated 0% or 1,514 shares. Carroll Assocs Inc has 328 shares for 0% of their US portfolio. Timber Hill Ltd Limited Liability Company accumulated 18,360 shares or 0% of the stock. Quinn Opportunity Ptnrs Limited Liability Company has invested 0.27% of its portfolio in HollyFrontier Corp (NYSE:HFC). Tiaa Cref Mgmt Ltd Liability Company last reported 0.01% of its portfolio in the stock. Kbc Nv reported 73,235 shares or 0.02% of all its holdings.

Insider Transactions: Since November 4, 2016, the stock had 0 insider buys, and 1 sale for $1.41 million net activity. Jennings Michael had sold 60,000 shares worth $1.41 million on Friday, November 4.

HollyFrontier Corporation is an independent petroleum refiner. The company has a market cap of $4.87 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 news for HollyFrontier Corp (NYSE:HFC) were recently published by: Businesswire.com, which released: “HollyFrontier Corporation Announces Pricing of Offering of $750 Million of 5 …” on November 17, 2016. Moodys.com‘s article titled: “Moody’s affirms HollyFrontier’s Baa3 rating following Petro-Canada Lubricant’s …” and published on October 31, 2016 is yet another important article.

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