Is Buying All-time Stock Like HollyFrontier Corporation (HFC) a Winning Strategy?

April 24, 2018 - By wolcottdaily

Investors sentiment is 1.19 in 2017 Q4. Its the same as in 2017Q3. It is flat, as 40 investors sold HollyFrontier Corporation shares while 125 reduced holdings. only 85 funds opened positions while 112 raised stakes. 144.13 million shares or 0.54% more from 143.35 million shares in 2017Q3 were reported.
California State Teachers Retirement Systems has 361,954 shares for 0.04% of their portfolio. Bluecrest Cap Mngmt Ltd holds 0.08% or 59,764 shares in its portfolio. Kepos Cap L P stated it has 0.46% of its portfolio in HollyFrontier Corporation (NYSE:HFC). Oppenheimer, New York-based fund reported 84,054 shares. Bb&T Secs Limited Liability holds 13,150 shares. Envestnet Asset Mgmt Inc invested 0% of its portfolio in HollyFrontier Corporation (NYSE:HFC). Alpha Windward Limited Liability Company has 0.37% invested in HollyFrontier Corporation (NYSE:HFC). Riverhead Cap Mngmt Ltd Llc reported 0.23% in HollyFrontier Corporation (NYSE:HFC). Green Square Cap Ltd Liability holds 1.7% of its portfolio in HollyFrontier Corporation (NYSE:HFC) for 220,339 shares. 798,245 are owned by Millennium Mgmt Ltd Limited Liability Company. Advantus Mngmt Inc owns 21,835 shares or 0.03% of their US portfolio. Messner Smith Theme Value Mgmt Ca holds 2.51% or 30,690 shares in its portfolio. Da Davidson & Commerce stated it has 0.03% in HollyFrontier Corporation (NYSE:HFC). New York-based Focused Wealth Mngmt has invested 0.08% in HollyFrontier Corporation (NYSE:HFC). 31,549 are owned by First Bank & Trust Of Mount Dora Svcs.

Since November 6, 2017, it had 0 insider purchases, and 2 selling transactions for $789,458 activity. $242,878 worth of stock was sold by LEE JAMES H on Wednesday, December 13.

The stock of HollyFrontier Corporation (NYSE:HFC) reached all time high today, Apr, 24 and still has $63.57 target or 5.00 % above today’s $60.54 share price. This indicates more upside for the $10.72 billion company. This technical setup was reported by Barchart.com. If the $63.57 PT is reached, the company will be worth $535.90 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.47% or $1.46 during the last trading session, reaching $60.54. About 4.26M shares traded or 82.60% up from the average. HollyFrontier Corporation (NYSE:HFC) has risen 84.07% since April 24, 2017 and is uptrending. It has outperformed by 72.52% the S&P500.

Analysts await HollyFrontier Corporation (NYSE:HFC) to report earnings on May, 2 before the open. They expect $0.38 earnings per share, up 300.00 % or $0.57 from last year’s $-0.19 per share. HFC’s profit will be $67.28 million for 39.83 P/E if the $0.38 EPS becomes a reality. After $0.70 actual earnings per share reported by HollyFrontier Corporation for the previous quarter, Wall Street now forecasts -45.71 % negative EPS growth.

HollyFrontier Corporation (NYSE:HFC) Ratings Coverage

Among 13 analysts covering HollyFrontier (NYSE:HFC), 5 have Buy rating, 3 Sell and 5 Hold. Therefore 38% are positive. HollyFrontier had 22 analyst reports since November 2, 2017 according to SRatingsIntel. As per Wednesday, January 10, the company rating was maintained by Scotia Capital. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 30 report. The rating was maintained by Deutsche Bank on Monday, March 19 with “Buy”. The stock of HollyFrontier Corporation (NYSE:HFC) earned “Equal-Weight” rating by Morgan Stanley on Friday, April 13. The firm has “Neutral” rating by Credit Suisse given on Wednesday, March 7. As per Tuesday, March 13, the company rating was maintained by JP Morgan. The stock of HollyFrontier Corporation (NYSE:HFC) earned “Buy” rating by Argus Research on Monday, November 20. The firm has “Overweight” rating given on Thursday, November 2 by Barclays Capital. The company was maintained on Wednesday, December 20 by RBC Capital Markets. The firm has “Neutral” rating by Goldman Sachs given on Thursday, November 2.

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company has market cap of $10.72 billion. The firm operates through two divisions, Refining and HEP. It has a 13.39 P/E ratio. It primarily produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.

HollyFrontier Corporation (NYSE:HFC) Institutional Positions Chart

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