Economy

HollyFrontier Corporation (NYSE:HFC) Closed Much Higher Than Its 50 Day Average

HollyFrontier Corporation (HFC) exchanged hands at an unexpectedly high level of 2.97 million shares over the course of the day. Edge Asset Management, Inc owns 2,418,323 shares valued at $68,536,000.

The following firms have recently changed their position in HFC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HFC. Principal Financial Group Inc. raised its position in shares of HollyFrontier Corporation by 129.6% in the second quarter. The firm has "Buy" rating by RBC Capital Markets given on Thursday, June 15.

Trading volume is a gauge of how many times a stock is bought and sold in a given time period (most commonly, within a day of trading, known as the average daily trading volume - ADTV). The portion of a company's profit allocated to each outstanding share of common stock was $0.4 a share in the trailing twelve months. Ford Motor Company (NYSE:F) earnings have risen with a quarterly rate of 2.3% over the last 5 years. Douglas Lane & Associates, LLC claims 1,677,093 shares worth $46,070,000. The value in dollars went from $1,360,000 to $2,967,000 a change of 118.2% quarter to quarter. Liquidity allows investor to enter and exit a stock at a good price (i.e. tight spreads, or the difference between the bid and ask price of a stock, and low slippage, or the difference between the predictable price of a trade and the actual price). Royal Bank Of Canada reiterated a "buy" rating and set a $38.00 price objective on shares of HollyFrontier Corporation in a research note on Friday, September 8th. According to today's trading volume HollyFrontier Corporation is BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Sell-side analyst recommendations point to a short term price target of $32.87 on the company shares. Scotiabank set a $29.00 price target on HollyFrontier Corporation and gave the stock a "hold" rating in a research note on Monday, June 26th.

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HollyFrontier Corp (NYSE:HFC) traded up 0.83% during midday trading on Friday, reaching $26.60. However, the stock is trading at -5.53% versus recent highs ($56.61). HollyFrontier Corporation has a 12-month low of $22.63 and a 12-month high of $36.46. Market valuation of the company is $6.01 B, a price to earnings ratio of 43.45 along with a stock beta of 1.21. the company has 50 day SMA of $30.42 and a two hundred SMA of $27.91. Based on a recent bid, its distance from 20 days simple moving average is 9.40%, and its distance from 50 days simple moving average is 18.04% while it has a distance of 24.80% from the 200 days simple moving average.

HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data on Wednesday, August 2nd. As of the last earnings report the EPS was $0.79 and is projected to be $1.55 for the current year with 175,425,000 shares now outstanding. The Return on Assets for HollyFrontier Corporation (NYSE:HFC) is 0.016010.

Shares of the company have shown an EPS growth of -17.40% in the last 5 years. The business's revenue was up 27.4% on a year-over-year basis. On average, equities analysts predict that HollyFrontier Corporation will post $1.55 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Wednesday, August 23rd were given a $0.33 dividend. The ex-dividend date was Monday the 21st of August 2017. HollyFrontier Corporation's dividend payout ratio (DPR) is presently 167.09%. HollyFrontier Corp's dividend payout ratio (DPR) is now -65.02%.

The VC1 of HollyFrontier Corporation (NYSE:HFC) is 25. It produces and markets gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. It segments include Refining and Holly Energy Partners, L.P. The Refining segment includes the operations of the firms El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).



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