HollyFrontier Corp (HFC) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.08. The company posted revenue of $2018.70 million in the period, 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.
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 .
HollyFrontier Corp closed down -0.11 points or -0.31% at $35.49 with 24,96,790 shares getting traded on Monday. Post opening the session at $35.49, the shares hit an intraday low of $34.16 and an intraday high of $35.62 and the price fluctuated in this range throughout the day.Shares ended Monday 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.