HollyFrontier (HFC) Reaches $72.88 After 9.00% Down Move; Moon Capital Management LP Has Upped Its Tenneco (TEN) Holding

May 22, 2018 - By Linda Rogers

Tenneco Inc. (NYSE:TEN) Logo

The stock of HollyFrontier Corporation (NYSE:HFC) is a huge mover today! The stock decreased 2.58% or $1.93 during the last trading session, reaching $72.88. About 2.26M shares traded. HollyFrontier Corporation (NYSE:HFC) has risen 84.07% since May 22, 2017 and is uptrending. It has outperformed by 72.52% the S&P500.The move comes after 5 months negative chart setup for the $12.76 billion company. It was reported on May, 22 by Barchart.com. We have $66.32 PT which if reached, will make NYSE:HFC worth $1.15B less.

Moon Capital Management Lp increased Tenneco Inc (TEN) stake by 16.04% reported in 2017Q4 SEC filing. Moon Capital Management Lp acquired 19,828 shares as Tenneco Inc (TEN)’s stock declined 9.20%. The Moon Capital Management Lp holds 143,481 shares with $8.40 million value, up from 123,653 last quarter. Tenneco Inc now has $2.46B valuation. The stock increased 0.08% or $0.04 during the last trading session, reaching $47.79. About 225,212 shares traded. Tenneco Inc. (NYSE:TEN) has declined 15.35% since May 22, 2017 and is downtrending. It has underperformed by 26.90% the S&P500.

Investors sentiment is 1.19 in 2017 Q4. Its the same as in 2017Q3. It is without change, 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. Sandy Spring Comml Bank holds 0.01% of its portfolio in HollyFrontier Corporation (NYSE:HFC) for 2,230 shares. Numeric Invsts Ltd Liability holds 14,600 shares. Advisory Services Ntwk accumulated 0.01% or 1,351 shares. Eagle Asset Mngmt invested in 52,081 shares. Thrivent For Lutherans holds 0.02% or 140,786 shares in its portfolio. Guggenheim Limited Liability Company stated it has 314,734 shares or 0.04% of all its holdings. Balyasny Asset Ltd Company owns 9,472 shares. Hennessy Advisors Inc holds 1.13% in HollyFrontier Corporation (NYSE:HFC) or 717,600 shares. 98,775 were accumulated by Chicago Equity Lc. The New Jersey-based Lord Abbett Company has invested 0.09% in HollyFrontier Corporation (NYSE:HFC). Louisiana State Employees Retirement Sys has invested 0.1% in HollyFrontier Corporation (NYSE:HFC). Advantus Cap Mgmt holds 0.03% in HollyFrontier Corporation (NYSE:HFC) or 21,835 shares. 106,138 are owned by Riverhead Cap Mgmt Limited Com. Mutual Of America Cap Management Llc holds 0.11% of its portfolio in HollyFrontier Corporation (NYSE:HFC) for 144,081 shares. Strs Ohio reported 2,082 shares stake.

Since December 13, 2017, it had 0 insider buys, and 11 selling transactions for $11.91 million activity. 30,000 shares valued at $2.02 million were sold by MYERS FRANKLIN on Thursday, May 10. $242,878 worth of stock was sold by LEE JAMES H on Wednesday, December 13. Shares for $620,081 were sold by Voliva Richard Lawrence III. Creery Thomas G also sold $1.35 million worth of HollyFrontier Corporation (NYSE:HFC) on Friday, May 11. Shares for $663,600 were sold by Jennings Michael. The insider Damiris George John sold 47,500 shares worth $3.13M. Gann John W Jr also sold $564,315 worth of HollyFrontier Corporation (NYSE:HFC) on Friday, May 4.

Another recent and important HollyFrontier Corporation (NYSE:HFC) news was published by Benzinga.com which published an article titled: “Ulta, Valero, And 3 Other Stocks Showing Signs Of More Upside This Week” on May 08, 2018.

Among 20 analysts covering HollyFrontier (NYSE:HFC), 7 have Buy rating, 6 Sell and 7 Hold. Therefore 35% are positive. HollyFrontier had 81 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse on Friday, May 4 with “Neutral”. The stock of HollyFrontier Corporation (NYSE:HFC) earned “Buy” rating by Deutsche Bank on Wednesday, January 4. As per Tuesday, January 30, the company rating was maintained by RBC Capital Markets. The company was downgraded on Friday, June 17 by Morgan Stanley. Credit Suisse downgraded HollyFrontier Corporation (NYSE:HFC) rating on Friday, May 5. Credit Suisse has “Neutral” rating and $33 target. The stock has “Neutral” rating by Goldman Sachs on Thursday, November 2. maintained HollyFrontier Corporation (NYSE:HFC) on Monday, October 10 with “Overweight” rating. The stock of HollyFrontier Corporation (NYSE:HFC) earned “Buy” rating by Scotia Capital on Wednesday, August 2. The firm has “Hold” rating given on Tuesday, October 17 by Cowen & Co. On Thursday, September 7 the stock rating was maintained by RBC Capital Markets with “Buy”.

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company has market cap of $12.76 billion. The firm operates through two divisions, Refining and HEP. It has a 16.12 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.

Analysts await HollyFrontier Corporation (NYSE:HFC) to report earnings on August, 1. They expect $1.42 EPS, up 115.15% or $0.76 from last year’s $0.66 per share. HFC’s profit will be $248.68 million for 12.83 P/E if the $1.42 EPS becomes a reality. After $0.77 actual EPS reported by HollyFrontier Corporation for the previous quarter, Wall Street now forecasts 84.42% EPS growth.

Among 12 analysts covering Tenneco Inc (NYSE:TEN), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Tenneco Inc had 49 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, October 26 report. The rating was maintained by Jefferies on Wednesday, April 26 with “Hold”. The stock of Tenneco Inc. (NYSE:TEN) has “Neutral” rating given on Wednesday, January 25 by Susquehanna. The rating was downgraded by Wells Fargo to “Market Perform” on Wednesday, April 27. Jefferies initiated it with “Hold” rating and $62 target in Wednesday, November 30 report. The rating was maintained by RBC Capital Markets on Monday, October 16 with “Hold”. The firm has “Hold” rating given on Thursday, July 6 by Jefferies. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, May 9. As per Tuesday, July 11, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by CLSA on Wednesday, June 21.

More notable recent Tenneco Inc. (NYSE:TEN) news were published by: Bizjournals.com which released: “Weatherford CEO named to Houston chemical company’s board” on May 22, 2018, also Seekingalpha.com with their article: “Tenneco’s (TEN) CEO Brian Kesseler on Q1 2018 Results – Earnings Call Transcript” published on April 27, 2018, Benzinga.com published: “An Auto Supplier Pair Trade: Tenneco And Adient” on May 09, 2018. More interesting news about Tenneco Inc. (NYSE:TEN) were released by: Seekingalpha.com and their article: “Tenneco Inc. 2018 Q1 – Results – Earnings Call Slides” published on April 27, 2018 as well as Streetinsider.com‘s news article titled: “Tenneco (TEN) Names Jason Hollar as CFO” with publication date: May 18, 2018.

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.04, from 0.99 in 2017Q3. It worsened, as 24 investors sold TEN shares while 93 reduced holdings. 26 funds opened positions while 85 raised stakes. 46.48 million shares or 2.80% less from 47.82 million shares in 2017Q3 were reported. Whittier has invested 0.04% in Tenneco Inc. (NYSE:TEN). 82,900 are held by Canada Pension Plan Inv Board. Millennium Limited Co holds 0.02% or 309,305 shares in its portfolio. Da Davidson & holds 0.03% or 23,837 shares in its portfolio. Moreover, Parallax Volatility Advisers LP has 0% invested in Tenneco Inc. (NYSE:TEN). Envestnet Asset Management has invested 0% of its portfolio in Tenneco Inc. (NYSE:TEN). Ahl Prns Ltd Liability Partnership owns 37,375 shares or 0.03% of their US portfolio. Fifth Third Bankshares holds 0% or 386 shares. Proshare Advsr Ltd Liability reported 7,981 shares or 0% of all its holdings. California-based Hanson Mcclain has invested 0% in Tenneco Inc. (NYSE:TEN). First Mercantile Trust stated it has 4,720 shares. Teton Advsr Inc holds 0.2% of its portfolio in Tenneco Inc. (NYSE:TEN) for 37,000 shares. Schwab Charles Mgmt has invested 0.02% in Tenneco Inc. (NYSE:TEN). The New York-based Blackrock Inc has invested 0.01% in Tenneco Inc. (NYSE:TEN). Barrow Hanley Mewhinney & Strauss Limited Liability Company owns 95,446 shares.

HollyFrontier Corporation (NYSE:HFC) Institutional Positions Chart

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