Published On: Wed, Oct 19th, 2016

Analysts At Scotia Howard Weil Downgraded HollyFrontier (NYSE:HFC) To Sector Perform


Today analysts at Scotia Howard Weil downgraded HollyFrontier’s (NYSE:HFC) shares to ‘Sector Perform’ in a report released to investors.

According to Scotia Howard Weils price target of 24 on the company’s stock this indicates the broker now believes there is an increase of 2.92% from HollyFrontier’s current price of 23.32.

NYSE:HFC


In the last year HollyFrontier’s stock price has decreased by -49.05% from 45.77 to 23.32.

The number of HollyFrontier shares in issue is 175,802,000 which have a current share price of 23.32 bringing HollyFrontier’s market capitalisation to 4.10B USD.

The 52 week high of shares in HollyFrontier is 52.3 while the 52 week low for the company’s shares is 22.07. The businesses 50 day moving average is 24.83 and its 200 day moving average is 27.17.

HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s 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). The HEP segment involves all of the operations of HEP. HEP is a limited partnership, which owns and operates logistic assets.