A Director at Hollyfrontier Corp (NYSE: HFC) is Buying Shares

By Carrie Williams

Today, a Director at Hollyfrontier Corp (HFCResearch Report), Franklin Myers, bought shares of HFC for $124.3K.

This recent transaction increases Franklin Myers’ holding in the company by 11.12% to a total of $1.22 million. Following Franklin Myers’ last HFC Buy transaction on May 09, 2019, the stock climbed by 5.6%.

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Based on Hollyfrontier Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $4.78 billion and quarterly net profit of $197 million. In comparison, last year the company earned revenue of $4.48 billion and had a net profit of $344 million. HFC’s market cap is $8.03B and the company has a P/E ratio of 9.10. Currently, Hollyfrontier Corp has an average volume of 2.08M.

The insider sentiment on Hollyfrontier Corp has been positive according to 31 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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HollyFrontier Corp. is an independent petroleum refiner and marketer. It specializes in gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The firm operates through the following segments: Refining; Lubricants and Specialty Products; and Holly Energy Partners, LP (HEP).