HollyFrontier Corporation (HFC): Price Target and June Short Interest Disclosure

HollyFrontier Corporation (HFC) : The highest short term price target forecast on HollyFrontier Corporation (HFC) is $39 and the lowest target price is $24. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $30.75 with a standard deviation of $6.07.

HollyFrontier Corporation (HFC), A increase of 704,488 shares or 5.5% was observed in the short interest of Hollyfrontier Corporation The interest on June 30,2016 came in at 13,606,352 shares and as per the average daily trading of 4,128,075 shares, the days to cover are 3. The increased interest is 7.8% of the floated shares. The data of June 15,2016 put the interest at 12,901,864 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Morgan Stanley downgrades its ratings on HollyFrontier Corporation (NYSE:HFC). In the latest research report, Morgan Stanley lowers the target price from $41 per share to $28 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on June 17, 2016.


HollyFrontier Corporation (NYSE:HFC): stock turned positive on Thursday. Though the stock opened at $24.65, the bulls momentum made the stock top out at $25.36 level for the day. The stock recorded a low of $24.65 and closed the trading day at $24.98, in the green by 2.34%. The total traded volume for the day was 9,190,935. The stock had closed at $24.41 in the previous days trading.

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.

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