HollyFrontier Corporation (HFC) Now Covered by Analysts at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) assumed coverage on shares of HollyFrontier Corporation (NYSE:HFC) in a research report report published on Monday morning. The brokerage issued a sell rating and a $26.00 price objective on the stock.

Several other research firms have also recently weighed in on HFC. Howard Weil cut shares of HollyFrontier Corporation from a sector outperform rating to a sector perform rating and lowered their price objective for the stock from $29.00 to $24.00 in a research report on Wednesday, October 19th. Scotiabank cut shares of HollyFrontier Corporation from an outperform rating to a sector perform rating and lowered their price objective for the stock from $29.00 to $24.00 in a research report on Friday, October 21st. Vetr cut shares of HollyFrontier Corporation from a strong-buy rating to a sell rating and set a $23.33 price objective on the stock. in a research report on Monday, October 24th. Tudor Pickering upgraded shares of HollyFrontier Corporation from a sell rating to a hold rating in a research report on Tuesday, November 1st. Finally, Royal Bank Of Canada lifted their price objective on shares of HollyFrontier Corporation from $35.00 to $37.00 and gave the stock an outperform rating in a research report on Tuesday, November 1st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $31.30.

Analyst Recommendations for HollyFrontier Corporation (NYSE:HFC)

HollyFrontier Corporation (NYSE:HFC) opened at 29.66 on Monday. HollyFrontier Corporation has a 52 week low of $22.07 and a 52 week high of $39.17. The stock’s 50 day moving average price is $30.58 and its 200-day moving average price is $27.57. The stock’s market capitalization is $5.21 billion.

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In other news, insider Michael Jennings sold 6,529 shares of the company’s stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $32.18, for a total transaction of $210,103.22. Following the completion of the transaction, the insider now owns 62,727 shares of the company’s stock, valued at $2,018,554.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James H. Lee sold 2,730 shares of the company’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $31.72, for a total transaction of $86,595.60. Following the transaction, the director now directly owns 54,199 shares of the company’s stock, valued at approximately $1,719,192.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,259 shares of company stock valued at $897,699. Company insiders own 0.52% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Japan Co. Ltd boosted its stake in shares of HollyFrontier Corporation by 1.8% in the third quarter. BlackRock Japan Co. Ltd now owns 251,109 shares of the company’s stock worth $6,152,000 after buying an additional 4,480 shares during the period. Retirement Systems of Alabama boosted its stake in shares of HollyFrontier Corporation by 0.3% in the third quarter. Retirement Systems of Alabama now owns 227,472 shares of the company’s stock worth $5,573,000 after buying an additional 695 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of HollyFrontier Corporation by 47.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 755,940 shares of the company’s stock worth $18,521,000 after buying an additional 243,885 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of HollyFrontier Corporation by 16.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,450,000 shares of the company’s stock worth $35,525,000 after buying an additional 200,000 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of HollyFrontier Corporation by 0.8% in the third quarter. California State Teachers Retirement System now owns 355,653 shares of the company’s stock worth $8,713,000 after buying an additional 2,900 shares during the period. 80.52% of the stock is owned by institutional investors and hedge funds.

HollyFrontier Corporation Company Profile

HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.

5 Day Chart for NYSE:HFC

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