Traders Sell HollyFrontier Corp. (HFC) on Strength (HFC)
Traders sold shares of HollyFrontier Corp. (NYSE:HFC) on strength during trading on Thursday. $28.23 million flowed into the stock on the tick-up and $48.91 million flowed out of the stock on the tick-down, for a money net flow of $20.68 million out of the stock. Of all equities tracked, HollyFrontier Corp. had the 0th highest net out-flow for the day. HollyFrontier Corp. traded up $0.57 for the day and closed at $24.98
Several equities analysts have recently issued reports on the company. Simmons reduced their target price on HollyFrontier Corp. from $32.00 to $31.00 in a research note on Tuesday, April 12th. Deutsche Bank AG reissued a “buy” rating on shares of HollyFrontier Corp. in a research note on Saturday, April 9th. Zacks Investment Research raised HollyFrontier Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Credit Suisse Group AG reissued a “hold” rating and set a $32.00 target price on shares of HollyFrontier Corp. in a research note on Thursday. Finally, Raymond James Financial Inc. cut HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, March 28th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. HollyFrontier Corp. currently has an average rating of “Hold” and a consensus price target of $40.06.
The stock’s 50-day moving average price is $25.00 and its 200 day moving average price is $31.74. The firm has a market cap of $4.39 billion and a PE ratio of 8.66.
HollyFrontier Corp. (NYSE:HFC) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.17. During the same period in the prior year, the firm earned $1.16 EPS. The business earned $2.02 billion during the quarter, compared to analyst estimates of $1.91 billion. The business’s revenue was down 32.9% on a year-over-year basis. On average, analysts predict that HollyFrontier Corp. will post $1.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, May 27th were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, May 25th. This represents a $1.32 annualized dividend and a dividend yield of 5.28%.
Several institutional investors have made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of HollyFrontier Corp. by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,586,490 shares of the company’s stock valued at $103,173,000 after buying an additional 44,874 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of HollyFrontier Corp. by 41.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 114,591 shares of the company’s stock valued at $4,571,000 after buying an additional 33,329 shares in the last quarter. Jennison Associates LLC raised its position in shares of HollyFrontier Corp. by 85.5% in the fourth quarter. Jennison Associates LLC now owns 53,444 shares of the company’s stock valued at $2,132,000 after buying an additional 24,635 shares in the last quarter. Trexquant Investment LP raised its position in shares of HollyFrontier Corp. by 86.3% in the fourth quarter. Trexquant Investment LP now owns 159,500 shares of the company’s stock valued at $6,362,000 after buying an additional 73,900 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of HollyFrontier Corp. during the fourth quarter valued at $5,713,000.
HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.
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