Large Inflow of Money Witnessed in HollyFrontier Corporation

HollyFrontier Corporation (NYSE:HFC) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $0.45 million worth of transactions were on upticks, whereas, the downticks accounted for $0.4 million worth of transactions. The net money flow was a positive $0.05 million and the uptick to downtick ratio was 1.12. The net money flow into the stock was $0.01 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.01 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. HollyFrontier Corporation (NYSE:HFC) was trading at $23.85, down $0.05 during day. The stock slid -0.21% over the previous days close. For the week, the stock recorded -1.28% over the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Executive Chairman) of Hollyfrontier Corp, Jennings Michael had sold 35,000 shares worth of $1,243,550 in a transaction dated March 29, 2016. In this transaction, 35,000 shares were sold at $35.53 per share. Currently the company Insiders own 0.52% of HollyFrontier Corporation shares according to the proxy statements. Institutional Investors own 83.38% of HollyFrontier Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -43.25%.

The company shares have dropped -45.64% 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 27, 2016. The 50-Day Moving Average price is $26.50 and the 200 Day Moving Average price is recorded at $33.07. HollyFrontier Corporation (NYSE:HFC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.90 and $23.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.96, notching a gain of 0.25% for the day. The total traded volume was 4,257,621 . The stock had closed at $23.90 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.