HollyFrontier Corporation (NYSE:HFC) has tumbled 10.84% during the past week and has dropped 13.43% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 9.77%. HollyFrontier Corporation (NYSE:HFC) has underperformed the index by 14.22% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
HollyFrontier Corporation (NYSE:HFC): The stock opened at $24.78 on Friday but the bulls could not build on the opening and the stock topped out at $25.41 for the day. The stock traded down to $23.96 during the day, due to lack of any buying support eventually closed down at $24.10 with a loss of -2.67% for the day. The stock had closed at $24.76 on the previous day. The total traded volume was 6,378,597 shares.
The company shares have dropped -41.89% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $54.73 and the one year low was seen on Jun 17, 2016. The 50-Day Moving Average price is $28.10 and the 200 Day Moving Average price is recorded at $34.42.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Jennings Michael, director officer (Executive Chairman) of Hollyfrontier Corp, had unloaded 35,000 shares at an average price of $35.53 in a transaction dated on March 29, 2016. The total value of the transaction was worth $1,243,550.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Morgan Stanley downgrades the rating on HollyFrontier Corporation (NYSE:HFC). The brokerage firm has issued a Underweight rating on the shares. The shares were previously rated Equal-weight. The Analysts at the ratings agency lowers the price target from $41 per share to $28 per share. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 0.52% of HollyFrontier Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.5% . Institutional Investors own 83.29% of HollyFrontier Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -43.25%.
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.