HollyFrontier Corporation (HFC) has risen sharply, recording gains of 12.36% in the past 4 weeks. However, the stock has corrected -0.11% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.93% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
HollyFrontier Corporation has dropped 1.49% during the last 3-month period . Year-to-Date the stock performance stands at -30.59%. The stock has recorded a 20-day Moving Average of 4.09% and the 50-Day Moving Average is 8.71%.
HollyFrontier Corporation (NYSE:HFC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.67 and $26.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.10, notching a gain of 0.52% for the day. The total traded volume was 2,961,026 . The stock had closed at $26.96 on the previous day.
Also, Deutsche Bank downgrades its rating on HollyFrontier Corporation (NYSE:HFC). Analysts at the Deutsche Bank have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 12, 2016.
HollyFrontier Corporation is an independent petroleum refiner in the United States. The Company produces refined products, such as gasoline, diesel fuel, jet fuel, lubricant products, and specialty and modified asphalt. The Company operates through two segments, namely, Refining and HEP. The Refining segment includes the operations of its El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries, and NK Asphalt Partners (NK Asphalt). The Companys refinery operations serve the Mid-Continent, Southwest and Rocky Mountain regions of the United States. The HEP segment includes of the operations of the Companys subsidiary Holly Energy Partners, L.P. (HEP). HEP is a limited partnership that acquires, owns and operates of the refined product pipeline and terminalling assets that support the refining and marketing operations in the Mid-Continent, Southwest and Rocky Mountain regions of the United States.