HollyFrontier Corp (HFC) was Reiterated by Barclays to “Overweight” while Lowering the Price Target of the company shares to $ 39 from a previous price target of $41 . Barclays advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on HollyFrontier Corp. Shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight” and Lowered the Price Target to $ 41 from a previous price target of $49 .HollyFrontier Corp was Downgraded by Goldman to ” Sell” on Mar 23, 2016. Shares were Reiterated by Barclays on Feb 25, 2016 to “Overweight” and Lowered the Price Target to $ 49 from a previous price target of $58 .
On the company’s financial health, HollyFrontier Corp reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.08. The company had revenue of $2018.70 million for the quarter, compared to analysts expectations of $2031.27 million. The company’s revenue was down -32.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.16 EPS.
HollyFrontier Corp closed down -3.26 points or -9.47% at $31.16 with 51,98,477 shares getting traded on Wednesday. Post opening the session at $33.31, the shares hit an intraday low of $30.81 and an intraday high of $33.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 17, 2015, Michael Jennings (CEO and President) sold 100,000 shares at $41.19 per share price. According to the SEC, 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 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.