Is Buying HollyFrontier Corp (HFC) Here a Winning Strategy?

November 7, 2017 - By Migdalia James

Investors sentiment increased to 1.22 in 2017 Q2. Its up 0.14, from 1.08 in 2017Q1. It improved, as 48 investors sold HollyFrontier Corp shares while 93 reduced holdings. 46 funds opened positions while 126 raised stakes. 143.09 million shares or 0.75% more from 142.03 million shares in 2017Q1 were reported.
Amalgamated Bancshares holds 0.03% or 34,730 shares. Pnc Services Group Inc Inc has 0% invested in HollyFrontier Corp (NYSE:HFC) for 23,722 shares. 276,160 were reported by River Road Asset Management Ltd Liability Com. Spark Investment Mngmt Limited Liability reported 0.2% in HollyFrontier Corp (NYSE:HFC). Dimensional Fund Limited Partnership invested 0.07% of its portfolio in HollyFrontier Corp (NYSE:HFC). First Savings Bank Of Mount Dora Tru Invest Service holds 0.56% in HollyFrontier Corp (NYSE:HFC) or 38,987 shares. Platinum Investment Ltd has 0.74% invested in HollyFrontier Corp (NYSE:HFC) for 993,600 shares. Dubuque National Bank & Tru reported 500 shares. Jacobs Levy Equity Mngmt Inc reported 222,140 shares or 0.13% of all its holdings. Viking Fund Mgmt invested in 1,800 shares. Regions Fincl Corp holds 861,746 shares or 0.28% of its portfolio. 35,345 were accumulated by Employees Retirement Association Of Colorado. Advisors Asset Inc owns 723,516 shares. Apg Asset Nv holds 949,317 shares or 0.05% of its portfolio. Hancock Com holds 0.4% of its portfolio in HollyFrontier Corp (NYSE:HFC) for 344,404 shares.

The stock of HollyFrontier Corp (NYSE:HFC) hit a new 52-week high and has $45.39 target or 8.00 % above today’s $42.03 share price. The 7 months bullish chart indicates low risk for the $7.45B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $45.39 price target is reached, the company will be worth $596.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 1.15 million shares traded. HollyFrontier Corp (NYSE:HFC) has declined 4.11% since November 7, 2016 and is downtrending. It has underperformed by 20.81% the S&P500.

HollyFrontier Corp (NYSE:HFC) Ratings Coverage

Among 18 analysts covering HollyFrontier (NYSE:HFC), 7 have Buy rating, 5 Sell and 6 Hold. Therefore 39% are positive. HollyFrontier had 58 analyst reports since July 24, 2015 according to SRatingsIntel. Scotia Capital maintained the stock with “Hold” rating in Friday, May 5 report. The rating was maintained by Piper Jaffray on Monday, August 22 with “Neutral”. On Monday, April 11 the stock rating was maintained by Credit Suisse with “Neutral”. The stock of HollyFrontier Corp (NYSE:HFC) has “Buy” rating given on Tuesday, January 5 by Bank of America. As per Wednesday, May 18, the company rating was upgraded by Howard Weil. The rating was upgraded by Scotia Capital to “Buy” on Wednesday, August 2. Barclays Capital maintained HollyFrontier Corp (NYSE:HFC) on Tuesday, January 12 with “Overweight” rating. The rating was upgraded by Goldman Sachs on Thursday, November 2 to “Neutral”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, September 4 report. The stock has “Overweight” rating by on Monday, October 10.

More important recent HollyFrontier Corp (NYSE:HFC) news were published by: Seekingalpha.com which released: “HollyFrontier +6% as Q3 results reflect surging refining margins” on November 01, 2017, also Businesswire.com published article titled: “HollyFrontier Corporation Announces Appointment of Two Directors to Its Board …”, Seekingalpha.com published: “My Mistake On HollyFrontier” on November 03, 2017. More interesting news about HollyFrontier Corp (NYSE:HFC) was released by: Businesswire.com and their article: “HollyFrontier Corporation Reports Quarterly Results” with publication date: November 01, 2017.

HollyFrontier Corporation is an independent petroleum refiner. The company has market cap of $7.45 billion. The Firm produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It has a 22.12 P/E ratio. It divisions include Refining and Holly Energy Partners, L.P. .

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