HollyFrontier Corp (NYSE:HFC) Short Interest Update

HollyFrontier Corp (NYSE:HFC) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 5,542,200 shares, a decline of 10.5% from the May 30th total of 6,191,700 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is currently 2.5 days.

A number of equities research analysts have issued reports on the stock. Goldman Sachs Group boosted their target price on shares of MEG Energy from C$6.00 to C$7.00 in a report on Tuesday, April 16th. Morgan Stanley reissued an “overweight” rating and set a GBX 460 ($6.01) target price on shares of Sophos Group in a report on Friday, May 17th. ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Credit Suisse Group lowered their target price on shares of HollyFrontier from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Finally, Bank of America reissued a “buy” rating and set a $420.00 target price (up previously from $400.00) on shares of Lendingtree in a report on Monday, April 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $65.15.

In related news, Director Franklin Myers purchased 2,900 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of $42.78 per share, with a total value of $124,062.00. Following the acquisition, the director now owns 22,489 shares of the company’s stock, valued at approximately $962,079.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. grew its position in shares of HollyFrontier by 126.6% during the 4th quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 295 shares in the last quarter. First Allied Advisory Services Inc. purchased a new position in HollyFrontier in the fourth quarter worth $237,000. Jackson Hole Capital Partners LLC purchased a new position in HollyFrontier in the fourth quarter worth $294,000. Cambridge Investment Research Advisors Inc. grew its position in HollyFrontier by 13.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,048 shares of the oil and gas company’s stock worth $1,875,000 after acquiring an additional 4,474 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in HollyFrontier by 18.8% in the first quarter. Wells Fargo & Company MN now owns 1,062,160 shares of the oil and gas company’s stock worth $52,333,000 after acquiring an additional 167,811 shares in the last quarter. Hedge funds and other institutional investors own 86.26% of the company’s stock.

Shares of HFC traded up $0.39 during mid-day trading on Friday, reaching $48.54. 1,458,005 shares of the stock traded hands, compared to its average volume of 1,979,886. The business has a fifty day simple moving average of $42.66. The firm has a market cap of $8.22 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 1.04 and a beta of 1.41. The company has a current ratio of 1.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.42. HollyFrontier has a 1 year low of $37.73 and a 1 year high of $76.56.

HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.18. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.69 billion. HollyFrontier had a net margin of 6.19% and a return on equity of 16.86%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Equities analysts anticipate that HollyFrontier will post 4.54 EPS for the current fiscal year.

HollyFrontier Company Profile

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

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