Can HollyFrontier Corporation (HFC)’s Tomorrow be Different? The Stock Just Broke Its High

May 17, 2018 - By Hannah Black

Investors sentiment is 1.19 in Q4 2017. Its the same as in 2017Q3. It has no change, as 40 investors sold HollyFrontier Corporation shares while 125 reduced holdings. only 85 funds opened positions while 112 raised stakes. 144.13 million shares or 0.54% more from 143.35 million shares in 2017Q3 were reported.
Smith Graham & Inv Advsrs Limited Partnership holds 156,320 shares or 0.75% of its portfolio. Affinity Advsr Limited Com has invested 0.28% in HollyFrontier Corporation (NYSE:HFC). North Point Portfolio Managers Corporation Oh stated it has 4,600 shares. First Trust Advsrs L P stated it has 298,056 shares. Tower (Trc) has invested 0.01% in HollyFrontier Corporation (NYSE:HFC). California Public Employees Retirement invested in 0.05% or 738,385 shares. Chem Bank holds 0.02% or 4,375 shares. 87,340 are owned by Mason Street Advisors Ltd Liability Corporation. Comerica Savings Bank reported 0.05% stake. Old Republic Intll Corporation invested in 402,000 shares. Moreover, Liberty Mutual Grp Asset Management has 0.07% invested in HollyFrontier Corporation (NYSE:HFC) for 45,003 shares. Eqis owns 5,624 shares. Commerzbank Aktiengesellschaft Fi accumulated 0% or 6,981 shares. New York-based Jpmorgan Chase & Com has invested 0.02% in HollyFrontier Corporation (NYSE:HFC). Nikko Asset Mngmt Americas Inc accumulated 3,700 shares.

Since December 13, 2017, it had 0 insider purchases, and 11 selling transactions for $11.91 million activity. Another trade for 20,000 shares valued at $1.35 million was made by Creery Thomas G on Friday, May 11. 8,500 HollyFrontier Corporation (NYSE:HFC) shares with value of $564,315 were sold by Gann John W Jr. $2.02 million worth of HollyFrontier Corporation (NYSE:HFC) was sold by MYERS FRANKLIN. 15,000 shares were sold by BECH DOUGLAS Y, worth $995,011. On Thursday, May 10 ROSE MICHAEL E sold $673,100 worth of HollyFrontier Corporation (NYSE:HFC) or 10,000 shares. On Monday, May 7 the insider Jennings Michael sold $663,600.

The stock of HollyFrontier Corporation (NYSE:HFC) hit a new 52-week high and has $77.61 target or 7.00 % above today’s $72.53 share price. The 8 months bullish chart indicates low risk for the $12.70 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $77.61 price target is reached, the company will be worth $889.14 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 5.18% or $3.57 during the last trading session, reaching $72.53. About 1.74M shares traded. HollyFrontier Corporation (NYSE:HFC) has risen 84.07% since May 17, 2017 and is uptrending. It has outperformed by 72.52% the S&P500.

Analysts await HollyFrontier Corporation (NYSE:HFC) to report earnings on August, 1. They expect $1.42 earnings per share, up 115.15 % or $0.76 from last year’s $0.66 per share. HFC’s profit will be $248.68M for 12.77 P/E if the $1.42 EPS becomes a reality. After $0.77 actual earnings per share reported by HollyFrontier Corporation for the previous quarter, Wall Street now forecasts 84.42 % EPS growth.

HollyFrontier Corporation (NYSE:HFC) Ratings Coverage

Among 12 analysts covering HollyFrontier (NYSE:HFC), 5 have Buy rating, 3 Sell and 4 Hold. Therefore 42% are positive. HollyFrontier had 22 analyst reports since November 20, 2017 according to SRatingsIntel. Cowen & Co maintained HollyFrontier Corporation (NYSE:HFC) on Friday, December 8 with “Hold” rating. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 30. Cowen & Co maintained the shares of HFC in report on Wednesday, May 2 with “Hold” rating. The stock of HollyFrontier Corporation (NYSE:HFC) earned “Sell” rating by Bank of America on Friday, December 8. Barclays Capital maintained it with “Overweight” rating and $80 target in Thursday, May 3 report. The company was maintained on Monday, April 9 by JP Morgan. The company was upgraded on Friday, April 13 by Morgan Stanley. The stock of HollyFrontier Corporation (NYSE:HFC) earned “Sell” rating by Jefferies on Tuesday, April 24. The company was maintained on Friday, April 13 by RBC Capital Markets. The rating was maintained by Deutsche Bank on Thursday, May 3 with “Buy”.

More recent HollyFrontier Corporation (NYSE:HFC) news were published by: Benzinga.com which released: “5 Stocks In Clear Upward Trends” on April 20, 2018. Also Benzinga.com published the news titled: “Ulta, Valero, And 3 Other Stocks Showing Signs Of More Upside This Week” on May 08, 2018. Seekingalpha.com‘s news article titled: “HollyFrontier (HFC) Q1 2018 Results – Earnings Call Transcript” with publication date: May 02, 2018 was also an interesting one.

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company has market cap of $12.70 billion. The firm operates through two divisions, Refining and HEP. It has a 16.05 P/E ratio. It primarily produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.

HollyFrontier Corporation (NYSE:HFC) Institutional Positions Chart

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