Piper Jaffray Maintains HollyFrontier Corp to Neutral with Price Target $26.00

Brokerage firm Piper Jaffray Maintains its rating on HollyFrontier Corp(NYSE:HFC). In a research note issued to the investors, the brokerage major Lowers the price-target to $26.00 per share. The shares have been rated Neutral. The rating by Piper Jaffray was issued on Sep 16, 2016.

In a different note, On Aug 22, 2016, Piper Jaffray said it Maintains its rating on HollyFrontier Corp. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 12, 2016, Deutsche Bank said it Downgrades its rating on HollyFrontier Corp. The shares have been rated ‘Hold’ by the firm.

HollyFrontier Corp (HFC) made into the market gainers list on Thursdays trading session with the shares advancing 0.37% or 0.09 points. Due to strong positive momentum, the stock ended at $24.65, which is also near the day’s high of $24.98. The stock began the session at $24.76 and the volume stood at 26,92,730 shares. The 52-week high of the shares is $52.3 and the 52 week low is $22.07. The company has a current market capitalization of $4,351 M and it has 17,65,19,700 shares in outstanding.

HollyFrontier Corp(HFC) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.71B. Analysts had an estimated revenue of $2.35B. Earnings per share were $0.28. Analysts had estimated an EPS of $0.43.

Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, Michael Jennings (CEO and President) sold 100,000 shares at $41.19 per share price.Also, On Nov 12, 2015, Doug S Aron (EVP & CFO) sold 30,000 shares at $50.42 per share price.On Aug 14, 2015, James H Lee (director) sold 10,000 shares at $52.83 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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