Royal Bank Of Canada Reaffirms “Buy” Rating for HollyFrontier Corporation (HFC)

HollyFrontier Corporation (NYSE:HFC)‘s stock had its “buy” rating restated by equities research analysts at Royal Bank Of Canada in a research note issued on Wednesday. They currently have a $42.00 price objective on the oil and gas company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 15.64% from the stock’s previous close.

Several other research analysts have also commented on HFC. Cowen and Company restated a “hold” rating and set a $30.00 price target on shares of HollyFrontier Corporation in a research note on Tuesday. Barclays PLC restated an “overweight” rating and set a $39.00 price target (up previously from $37.00) on shares of HollyFrontier Corporation in a research note on Wednesday, August 9th. BidaskClub lowered shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday. Finally, Howard Weil increased their price target on shares of HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.62.

HollyFrontier Corporation (NYSE HFC) traded down 0.52% during trading on Wednesday, hitting $36.13. 258,614 shares of the company traded hands. The firm has a 50 day moving average of $34.00 and a 200 day moving average of $28.95. HollyFrontier Corporation has a one year low of $22.63 and a one year high of $37.00. The firm has a market cap of $6.34 billion, a P/E ratio of 45.85 and a beta of 1.23.

HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.20. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, analysts expect that HollyFrontier Corporation will post $1.68 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Royal Bank Of Canada Reaffirms “Buy” Rating for HollyFrontier Corporation (HFC)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/18/royal-bank-of-canada-reaffirms-buy-rating-for-hollyfrontier-corporation-hfc.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedbush Securities Inc. boosted its holdings in shares of HollyFrontier Corporation by 0.7% during the 2nd quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock worth $299,000 after buying an additional 71 shares during the period. Utah Retirement Systems boosted its holdings in shares of HollyFrontier Corporation by 0.3% during the 1st quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock worth $838,000 after buying an additional 100 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of HollyFrontier Corporation by 1.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock worth $212,000 after buying an additional 100 shares during the period. World Asset Management Inc boosted its holdings in shares of HollyFrontier Corporation by 1.1% during the 2nd quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock worth $434,000 after buying an additional 173 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. bought a new stake in shares of HollyFrontier Corporation during the 2nd quarter worth $204,000. 82.25% of the stock is owned by institutional investors and hedge funds.

HollyFrontier Corporation Company Profil

Several other research analysts have also commented on HFC. Cowen and Company restated a “hold” rating and set a $30.00 price target on shares of HollyFrontier Corporation in a research note on Tuesday. Barclays PLC restated an “overweight” rating and set a $39.00 price target (up previously from $37.00) on shares of HollyFrontier Corporation in a research note on Wednesday, August 9th. BidaskClub lowered shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday. Finally, Howard Weil increased their price target on shares of HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.62.

HollyFrontier Corporation (NYSE HFC) traded down 0.52% during trading on Wednesday, hitting $36.13. 258,614 shares of the company traded hands. The firm has a 50 day moving average of $34.00 and a 200 day moving average of $28.95. HollyFrontier Corporation has a one year low of $22.63 and a one year high of $37.00. The firm has a market cap of $6.34 billion, a P/E ratio of 45.85 and a beta of 1.23.

HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.20. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, analysts expect that HollyFrontier Corporation will post $1.68 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Royal Bank Of Canada Reaffirms “Buy” Rating for HollyFrontier Corporation (HFC)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/18/royal-bank-of-canada-reaffirms-buy-rating-for-hollyfrontier-corporation-hfc.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedbush Securities Inc. boosted its holdings in shares of HollyFrontier Corporation by 0.7% during the 2nd quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock worth $299,000 after buying an additional 71 shares during the period. Utah Retirement Systems boosted its holdings in shares of HollyFrontier Corporation by 0.3% during the 1st quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock worth $838,000 after buying an additional 100 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of HollyFrontier Corporation by 1.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock worth $212,000 after buying an additional 100 shares during the period. World Asset Management Inc boosted its holdings in shares of HollyFrontier Corporation by 1.1% during the 2nd quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock worth $434,000 after buying an additional 173 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. bought a new stake in shares of HollyFrontier Corporation during the 2nd quarter worth $204,000. 82.25% of the stock is owned by institutional investors and hedge funds.

HollyFrontier Corporation Company Profile

HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).

Analyst Recommendations for HollyFrontier Corporation (NYSE:HFC)

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