In a report released today, Benny Wong from Morgan Stanley maintained a Sell rating on Hollyfrontier (HFC), with a price target of $24.00. The company’s shares closed last Monday at $20.16, close to its 52-week low of $18.38.
According to TipRanks.com, Wong is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -10.3% and a 34.8% success rate. Wong covers the Utilities sector, focusing on stocks such as Marathon Petroleum, Delek US Holdings, and Valero Energy.
Currently, the analyst consensus on Hollyfrontier is a Hold with an average price target of $30.10.
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The company has a one-year high of $58.88 and a one-year low of $18.38. Currently, Hollyfrontier has an average volume of 2.75M.
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HollyFrontier Corp. is an independent petroleum refiner and marketer. It specializes in gasoline, diesel fuel, jet fuel, and modified asphalt. The firm operates through the following segments: Refining; Lubricants and Specialty Products; and Holly Energy Partners, LP (HEP). The Refining segment includes the operations in El Dorado, Tulsa, Navajo, Cheyenne, and Woods Cross Refineries. The Lubricants and Specialty Products segment offers base oil production activities, by-product sales to third parties, and intra-segment base oil sales to rack forward which includes includes the purchase of base oils and the blending, packaging, marketing and distribution and sales of finished lubricants and specialty products to third parties. The HEP segment relates to all of the operations of HEP. The company was founded in 1947 and is headquartered in Dallas, TX.
