HollyFrontier Corp. (NYSE:HFC) shares fell 3% during trading on Wednesday . The stock traded as low as $24.42 and last traded at $24.50, with a volume of 2,806,836 shares traded. The stock had previously closed at $25.27.

Several brokerages have recently commented on HFC. Credit Suisse Group AG reaffirmed a “hold” rating and set a $32.00 target price on shares of HollyFrontier Corp. in a report on Thursday, July 14th. Deutsche Bank AG cut shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $53.00 to $30.00 in a report on Tuesday, July 12th. Zacks Investment Research cut shares of HollyFrontier Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of HollyFrontier Corp. in a report on Wednesday, June 29th. Finally, Simmons reaffirmed a “neutral” rating and set a $24.00 target price (down from $26.00) on shares of HollyFrontier Corp. in a report on Wednesday, June 29th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. HollyFrontier Corp. presently has a consensus rating of “Hold” and an average target price of $39.27.

The firm has a market cap of $4.32 billion and a P/E ratio of 8.51. The company has a 50-day moving average price of $24.30 and a 200 day moving average price of $30.74.

HollyFrontier Corp. (NYSE:HFC) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.17. The firm earned $2.02 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. HollyFrontier Corp.’s revenue for the quarter was down 32.9% on a year-over-year basis. Equities research analysts forecast that HollyFrontier Corp. will post $0.90 EPS for the current year.

Several large investors have modified their holdings of HFC. TD Asset Management Inc. increased its stake in shares of HollyFrontier Corp. by 15.0% in the fourth quarter. TD Asset Management Inc. now owns 26,785 shares of the company’s stock worth $1,068,000 after buying an additional 3,500 shares during the period. Aberdeen Asset Management PLC UK increased its stake in shares of HollyFrontier Corp. by 13.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 34,332 shares of the company’s stock worth $1,593,000 after buying an additional 4,108 shares during the period. ProShare Advisors LLC increased its stake in shares of HollyFrontier Corp. by 8.2% in the fourth quarter. ProShare Advisors LLC now owns 38,700 shares of the company’s stock worth $1,544,000 after buying an additional 2,949 shares during the period. Deere & Co. increased its stake in shares of HollyFrontier Corp. by 9.5% in the fourth quarter. Deere & Co. now owns 39,681 shares of the company’s stock worth $1,583,000 after buying an additional 3,434 shares during the period. Finally, BOKF NA increased its stake in shares of HollyFrontier Corp. by 3,041.7% in the fourth quarter. BOKF NA now owns 47,816 shares of the company’s stock worth $1,907,000 after buying an additional 46,294 shares during the period.

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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