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.
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 (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries and HollyFrontier Asphalt Company (HFC Asphalt). The Company’s refinery operations serve the Mid-Continent, Southwest and Rocky Mountain regions of the United States. The HEP segment involves all of the operations of HEP. HEP is a limited partnership, which owns and operates logistic assets consisting of petroleum product and crude oil pipelines, terminals, tankage, loading rack facilities and refinery processing units that principally support the Company’s refining and marketing operations.