HollyFrontier Corp (NYSE:HFC) Short Interest Update

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HollyFrontier Corp (NYSE:HFC) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 5,542,200 shares, a decrease of 10.5% from the May 30th total of 6,191,700 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average trading volume of 2,230,000 shares, the short-interest ratio is presently 2.5 days.

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

In other news, Director Franklin Myers acquired 2,900 shares of the stock in a transaction dated Thursday, May 9th. The stock was purchased at an average cost of $42.78 per share, with a total value of $124,062.00. Following the completion of the purchase, the director now owns 22,489 shares in the company, valued at approximately $962,079.42. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HFC. CSat Investment Advisory L.P. increased its stake in shares of HollyFrontier by 126.6% during the fourth 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. Quantamental Technologies LLC bought a new position in shares of HollyFrontier during the first quarter valued at approximately $40,000. Clarus Wealth Advisors bought a new position in shares of HollyFrontier during the first quarter valued at approximately $43,000. Pinnacle Financial Partners Inc. bought a new position in shares of HollyFrontier during the first quarter valued at approximately $49,000. Finally, Captrust Financial Advisors increased its stake in shares of HollyFrontier by 167.0% during the fourth quarter. Captrust Financial Advisors now owns 1,036 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 648 shares in the last quarter. 86.26% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE HFC traded up $0.39 on Friday, reaching $48.54. 1,458,005 shares of the company’s stock traded hands, compared to its average volume of 1,979,886. HollyFrontier has a 12 month low of $37.73 and a 12 month high of $76.56. The company has a 50 day moving average of $42.66. The stock 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 (NYSE:HFC) last announced its earnings results on Thursday, May 2nd. The oil and gas company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.18. HollyFrontier had a net margin of 6.19% and a return on equity of 16.86%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts expect that HollyFrontier will post 4.54 earnings per share for the current year.

About HollyFrontier

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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