November 28, 2016 - By Marguerite Chambers · 0 Comments
Hollyfrontier Corp (NYSE:HFC) institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.04, from 1.04 in 2016Q1. The ratio increased, as 190 investment managers opened new and increased stock positions, while 182 cut down and sold their positions in Hollyfrontier Corp. The investment managers in our partner’s database reported: 142.84 million shares, down from 149.58 million shares in 2016Q1. Also, the number of investment managers holding Hollyfrontier Corp in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 62 Reduced: 120 Increased: 141 New Position: 49.
HollyFrontier Corporation is an independent petroleum refiner. The company has a market cap of $4.92 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).
About 1.44 million shares traded hands. HollyFrontier Corp (NYSE:HFC) has declined 23.40% since April 25, 2016 and is downtrending. It has underperformed by 29.41% the S&P500.
Analysts await HollyFrontier Corp (NYSE:HFC) to report earnings on February, 22. They expect $0.10 earnings per share, down 58.33% or $0.14 from last year’s $0.24 per share. HFC’s profit will be $17.43 million for 70.55 P/E if the $0.10 EPS becomes a reality. After $0.38 actual earnings per share reported by HollyFrontier Corp for the previous quarter, Wall Street now forecasts -73.68% negative EPS growth.
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.”
Tctc Holdings Llc holds 22.46% of its portfolio in HollyFrontier Corp for 13.92 million shares. Orca Investment Management Llc owns 115,548 shares or 2.68% of their US portfolio. Moreover, Robertson Opportunity Capital Llc has 2.66% invested in the company for 139,500 shares. The Virginia-based United Bank Va has invested 1.09% in the stock. Beacon Trust Co, a New Jersey-based fund reported 136,381 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 insider sale for $1.41 million net activity.
Ratings analysis reveals 44% of HollyFrontier’s analysts are positive. Out of 16 Wall Street analysts rating HollyFrontier, 7 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $24 while the high is $65. The stock’s average target of $40.47 is 43.41% above today’s ($28.22) share price. HFC was included in 32 notes of analysts from July 24, 2015. The stock of HollyFrontier Corp (NYSE:HFC) earned “Overweight” rating by Barclays Capital on Tuesday, January 12. Bank of America upgraded HollyFrontier Corp (NYSE:HFC) on Tuesday, January 5 to “Buy” rating. The stock has “Outperform” rating given by Oppenheimer on Thursday, August 6. Howard Weil upgraded it to “Sector Outperform” rating and $59 target price in Thursday, August 6 report. The stock of HollyFrontier Corp (NYSE:HFC) has “Outperform” rating given on Saturday, September 5 by Oppenheimer. The stock of HollyFrontier Corp (NYSE:HFC) earned “Sector Perform” rating by Howard Weil on Wednesday, October 19. The firm earned “Outperform” rating on Friday, July 24 by Macquarie Research. The stock of HollyFrontier Corp (NYSE:HFC) earned “Sector Perform” rating by Scotia Capital on Thursday, August 6. Howard Weil downgraded HollyFrontier Corp (NYSE:HFC) on Tuesday, December 15 to “Sector Perform” rating. The rating was maintained by Piper Jaffray with “Neutral” on Friday, September 16.
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 Moodys.com which published an article titled: “Moody’s affirms HollyFrontier’s Baa3 rating following Petro-Canada Lubricant’s …” on October 31, 2016.
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By Marguerite Chambers