Traders Sell HollyFrontier Corp. (HFC) on Strength (HFC)
Traders sold shares of HollyFrontier Corp. (NYSE:HFC) on strength during trading hours on Monday. $25.19 million flowed into the stock on the tick-up and $54.16 million flowed out of the stock on the tick-down, for a money net flow of $28.97 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 $0.97 for the day and closed at $27.42
HFC has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded HollyFrontier Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 10th. Morgan Stanley cut shares of HollyFrontier Corp. from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $41.00 to $26.00 in a research report on Friday, June 17th. Wolfe Research cut shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. TheStreet cut shares of HollyFrontier Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG cut shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $53.00 to $30.00 in a research report on Tuesday, July 12th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. HollyFrontier Corp. has a consensus rating of “Hold” and a consensus price target of $37.24.
The company’s market capitalization is $4.82 billion. The stock has a 50 day moving average of $24.37 and a 200 day moving average of $30.19.
HollyFrontier Corp. (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.04. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.35 billion. HollyFrontier Corp.’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.88 EPS. Equities research analysts expect that HollyFrontier Corp. will post $0.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Tuesday, August 23rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Friday, August 19th.
A number of large investors have made changes to their positions in the company. Deere & Co. boosted 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. Aberdeen Asset Management PLC UK boosted 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. Jennison Associates LLC boosted its stake 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 worth $2,132,000 after buying an additional 24,635 shares during the period. Andra AP fonden boosted its stake in shares of HollyFrontier Corp. by 21.8% in the fourth quarter. Andra AP fonden now owns 75,900 shares of the company’s stock worth $3,028,000 after buying an additional 13,600 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake 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 worth $4,571,000 after buying an additional 33,329 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.