HollyFrontier Corp. (HFC) Shares Up 3.5%
Shares of HollyFrontier Corp. (NYSE:HFC) shot up 3.5% during mid-day trading on Tuesday . The company traded as high as $25.04 and last traded at $25.01, with a volume of 1,350,488 shares. The stock had previously closed at $24.16.
HFC has been the subject of a number of recent analyst reports. Raymond James Financial Inc. downgraded HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, March 28th. Zacks Investment Research downgraded HollyFrontier Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 29th. Credit Suisse Group AG cut their price objective on HollyFrontier Corp. from $60.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 11th. Deutsche Bank AG reissued a “buy” rating on shares of HollyFrontier Corp. in a research report on Saturday, April 9th. Finally, Simmons cut their price objective on HollyFrontier Corp. from $32.00 to $31.00 in a research report on Tuesday, April 12th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.27.
The firm has a 50 day moving average of $24.39 and a 200-day moving average of $30.78. The firm has a market capitalization of $4.44 billion and a PE ratio of 8.76.
HollyFrontier Corp. (NYSE:HFC) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.17. During the same period in the previous year, the company earned $1.16 EPS. The business earned $2.02 billion during the quarter, compared to the consensus estimate of $1.91 billion. HollyFrontier Corp.’s revenue was down 32.9% compared to the same quarter last year. On average, equities analysts forecast that HollyFrontier Corp. will post $0.90 EPS for the current year.
Other large investors recently bought and sold shares of the company. Morgan Stanley raised its stake in HollyFrontier Corp. by 48.1% in the fourth quarter. Morgan Stanley now owns 2,481,850 shares of the company’s stock worth $99,002,000 after buying an additional 806,426 shares during the period. Edge Asset Management Inc. raised its stake in HollyFrontier Corp. by 43.5% in the fourth quarter. Edge Asset Management Inc. now owns 1,388,915 shares of the company’s stock worth $55,404,000 after buying an additional 420,723 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in HollyFrontier Corp. by 976.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 386,385 shares of the company’s stock worth $15,412,000 after buying an additional 350,502 shares during the period. Bank of Montreal Can raised its stake in HollyFrontier Corp. by 386.2% in the fourth quarter. Bank of Montreal Can now owns 314,254 shares of the company’s stock worth $12,536,000 after buying an additional 249,618 shares during the period. Finally, Airain ltd bought a new stake in HollyFrontier Corp. during the fourth quarter worth about $7,249,000.
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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