HollyFrontier Corporation (NYSE: HFC) is 50.99% higher on its value in year-to-date trading and has touched a low of $16.81 and a high of $39.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HFC stock was last observed hovering at around $36.98 in the last trading session, with the day’s gains setting it 2.05% off its average median price target of $37.00 for the next 12 months. It is also 20.35% off the consensus price target high of $49.00 offered by 18 analysts, but current levels are -56.12% lower than the price target low of $25.00 for the same period.
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Currently trading at $39.03, the stock is 14.83% and 30.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.73 million and changing 5.54% at the moment leaves the stock 47.38% off its SMA200. HFC registered 17.88% gain for a year compared to 6-month gain of 63.51%. The firm has a 50-day simple moving average (SMA 50) of $32.04 and a 200-day simple moving average (SMA200) of $25.16.
The stock witnessed a 39.34% loss in the last 1 month and extending the period to 3 months gives it a 66.87%, and is 1.51% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.59% over the week and 4.70% over the month.
HollyFrontier Corporation (HFC) has around 3891 employees, a market worth around $6.43B and $11.18B in sales. Fwd P/E is 14.08. Profit margin for the company is -5.40%. Distance from 52-week low is 132.18% and -1.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.40%).
HollyFrontier Corporation (HFC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for HollyFrontier Corporation (HFC) is a “Hold”. 18 analysts offering their recommendations for the stock have an average rating of 2.80, where 11 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
HollyFrontier Corporation is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.36 with sales reaching $2.77B over the same period.The EPS is expected to shrink by -180.80% this year, but quarterly earnings will post 8.70% year-over-year. Quarterly sales are estimated to shrink -18.60% in year-over-year returns.
HollyFrontier Corporation (HFC) Top Institutional Holders
591 institutions hold shares in HollyFrontier Corporation (HFC), with 1.68M shares held by insiders accounting for 1.05% while institutional investors hold 90.02% of the company’s shares. The shares outstanding are 162.15M, and float is at 160.33M with Short Float at 5.79%. Institutions hold 89.07% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 16.18 million shares valued at $418.32 million. The investor’s holdings represent 9.96% of the HFC Shares outstanding. As of Dec 30, 2020, the second largest holder is TCTC Holdings, LLC with 12.44 million shares valued at $321.63 million to account for 7.66% of the shares outstanding. The other top investors are State Street Corporation which holds 11.62 million shares representing 7.16% and valued at over $300.48 million, while Blackrock Inc. holds 7.01% of the shares totaling 11.38 million with a market value of $294.25 million.
HollyFrontier Corporation (HFC) Insider Activity
A total of 31 insider transactions have happened at HollyFrontier Corporation (HFC) in the last six months, with sales accounting for 9 and purchases happening 22 times. The most recent transaction is an insider purchase by MYERS FRANKLIN, the company’s Director. SEC filings show that MYERS FRANKLIN bought 3,310 shares of the company’s common stock on Mar 01 at a price of $37.57 per share for a total of $0.12 million. Following the purchase, the insider now owns 37535.0 shares.
HollyFrontier Corporation disclosed in a document filed with the SEC on Mar 12 that Voliva Richard Lawrence III (EVP & CFO) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 12 and was made at $19.95 per share for $0.2 million. Following the transaction, the insider now directly holds 86415.0 shares of the HFC stock.
Still, SEC filings show that on Mar 11, Voliva Richard Lawrence III (EVP & CFO) acquired 10,000 shares at an average price of $21.54 for $0.22 million. The insider now directly holds 76,415 shares of HollyFrontier Corporation (HFC).
HollyFrontier Corporation (HFC): Who are the competitors?
The company’s main competitors (and peers) include Valero Energy Corporation (VLO) that is trading 20.31% up over the past 12 months. Delek US Holdings Inc. (DK) is 22.22% up on the 1-year trading charts. Short interest in the company’s stock has fallen -4.09% from the last report on Jan 14, 2021 to stand at a total of 9.67 million short shares sold with a short interest ratio of 3.72.