Goldman Sachs Reinstates HollyFrontier Corp to Sell with Price Target $26

Brokerage firm Goldman Sachs Reinstates its rating on HollyFrontier Corp(HFC). In a research note issued to the investors, the brokerage major Announces the price-target to $26 per share. The shares have been rated Sell. The rating by the stock financial advisor at Goldman Sachs was issued on Feb 13, 2017 in a research report to their Investors and Clients.

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.

HollyFrontier Corp(HFC) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.955B. Analysts had an estimated revenue of $2.500B. Earnings per share were $-0.06. Analysts had estimated an EPS of $-0.08.

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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