Credit Suisse Maintains HollyFrontier Corp to Neutral with Price Target $40.00

Brokerage firm Credit Suisse Maintains its rating on HollyFrontier Corp(NYSE:HFC). In a research note issued to the investors, the brokerage major Lowers the price-target to $40.00 per share. The shares have been rated Neutral. The rating by Credit Suisse was issued on Apr 11, 2016.

In a different note, On Mar 23, 2016, Goldman Sachs said it Downgrades its rating on HollyFrontier Corp. In the research note, the firm Lowers the price-target to $37.00 per share. The shares have been rated ‘Sell’ by the firm. On Feb 25, 2016, Barclays said it Maintains its rating on HollyFrontier Corp. In the research note, the firm Lowers the price-target to $58.00 per share. The shares have been rated ‘Overweight’ by the firm.

HollyFrontier Corp (HFC) shares turned negative on Fridays trading session with the shares closing down -1.35 points or -3.81% at a volume of 20,11,810. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.565. The peak price level was also seen at $35.565 while the days lowest was $33.92. Finally the shares closed at $34.09. The 52-week high of the shares is $54.73 while the 52-week low is $29. According to the latest information available, the market cap of the company is $6,018 M.

HollyFrontier Corp(HFC) last announced its earnings results on Feb 24, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.94B. Analysts had an estimated revenue of $2.59B. Earnings per share were $0.24. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, Michael Jennings (CEO and President) sold 100,000 shares at $41.19 per share price.Also, On Nov 12, 2015, Doug S Aron (EVP & CFO) sold 30,000 shares at $50.42 per share price.On Aug 14, 2015, James H Lee (director) sold 10,000 shares at $52.83 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s refinery operations serve the Mid-Continent Southwest and Rocky Mountain regions of the United States. The HEP segment includes of the operations of the Company’s 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.

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