Revenue Update on HollyFrontier Corp(NYSE:HFC)

HollyFrontier Corp(NYSE:HFC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $2.955B. Analysts estimated a revenue of $2.500B. The revenues were 18.2% above the estimates. Earnings per share were $-0.06. The reported EPS was above estimates by 25%. Analysts had estimated an EPS of $-0.08.

HollyFrontier Corp (HFC) shares turned negative on Wednesdays trading session with the shares closing down -1.09 points or -3.63% at a volume of 46,12,823. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.55. The peak price level was also seen at $29.55 while the days lowest was $28.58. Finally the shares closed at $28.9. The 52-week high of the shares is $39.17 while the 52-week low is $22.07. According to the latest information available, the market cap of the company is $5,101 M.

Several Insider Transactions has been reported to the SEC. On Dec 23, 2016, Michael Jennings (Executive Chairman) sold 6,529 shares at $32.18 per share price.Also, On Dec 21, 2016, James H Lee (director) sold 2,730 shares at $31.72 per share price.On Nov 12, 2015, Doug S Aron (EVP & CFO) sold 30,000 shares at $50.42 per share price, according to the Form-4 filing with the securities and exchange commission.

HollyFrontier Corporation is an independent petroleum refiner in the United States. The Company produces refined products such as gasoline diesel fuel jet fuel lubricant products and specialty and modified asphalt. The Company operates through two segments namely Refining and HEP. The Refining segment includes the operations of its El Dorado Tulsa Navajo Cheyenne and Woods Cross Refineries and NK Asphalt Partners (NK Asphalt). The Company’s refinery operations serve the Mid-Continent Southwest and Rocky Mountain regions of the United States. The HEP segment includes of the operations of the Company’s subsidiary Holly Energy Partners L.P. (HEP). HEP is a limited partnership that acquires owns and operates of the refined product pipeline and terminalling assets that support the refining and marketing operations in the Mid-Continent Southwest and Rocky Mountain regions of the United States.

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