HollyFrontier (NYSE:HFC) Rating Reaffirmed
They currently have a $57.00 TP on HollyFrontier (NYSE:HFC). The target price by Deutsche Bank would suggest a potential upside of 35.62% from the company’s last stock price. This has been released in a comprehensive report on 18 December.
From a total of 14 analysts covering HollyFrontier (NYSE:HFC) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $66 while the lowest target price is $45. The mean of all analyst targets is $55.21 with a 37.40% above today’s ($42.03) stock price. HollyFrontier was the topic of 14 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Howard Weil downgraded shares on December 15 to “Sector Perform” rating. Oppenheimer maintained shares with “Outperform” rating and $58 target share price in a report from an August 6. Citigroup downgraded HFC stock in a recent report from October 21 to “Neutral” rating. Scotia Capital upgraded the rating on August 6. Scotia Capital has a “Sector Perform” rating and a $59 price target on shares. Finally, Oppenheimer maintained the stock with “Outperform” rating in a report issued on a September 5.
The stock decreased 0.54% or $0.23 on December 18, striking $42.03. Approximately 4.43M shares of stock traded hands or 96.02% up from the average. HollyFrontier Corp (NYSE:HFC) has declined 3.09% since May 18, 2015 and is downtrending. It has outperformed by 0.72% the S&P500.
The overall sentiment of institutions has decreased to 0.87 in Q2 2015. Its down 0.23, from 1.1 in 2015Q2. The ratio worsened, as 66 institutions have sold all the shares of HollyFrontier Corp that they owned while 168 funds have taken shares off the table. 71 funds have purchased shares for the first time while 133 added to their positions. These institutions now hold 154.05 million shares or 1.96% more than the 151.09 million shares they owned in 2015Q2.
The Fund Tctc Holdings Llc currently is holding shares equating to 38.65% of its total portfolio in HollyFrontier Corp representing a total of 13.91 million shares. Another fund,Robertson Opportunity Capital Llc, is holding a total of 76,000 shares equating to 3.9% of their holdings. Additionally, 3G Capital Partners Lp has a 1.00 million share stake in HollyFrontier Corp which represents 3.61% of their total portfolio. The Fund, Karamaan Group Llc, based out of New York, has also built up a stake in the stock, which represents a total of 3.47% of their total portfolio. Finally Crossvault Capital Management Llc, a fund which is based in the state of Texas reported a total holdings of 81,310 shares.
Insider activity is a very important aspect to track on any stock. Going back to July 1, 2015, shareholders of HollyFrontier Corp have witnessed 0 buys, and a total of 2 selling transactions equating to a net activity of approximately $735,254 . Lee James H sold 10,000 shares worth approximately $528,322. Stump James M. sold 5,000 shares worth approximately $206,932.
HollyFrontier Corporation is an independent petroleum refiner in the United States. The company has a market cap of $7.73 billion. The Firm produces refined products, such as gasoline, diesel fuel, jet fuel, lubricant products, and specialty and modified asphalt. It has 14.25 P/E ratio. The Firm operates through two divisions, namely, Refining and HEP.
According to Zacks Investment Research, “HollyFrontier Corporation is engaged in refining petroleum. It produces and markets gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. HollyFrontier Corporation, formerly known as Holly Corporation, is headquartered in Dallas, Texas.”