HollyFrontier (NYSE:HFC)‘s stock had its “market perform” rating reiterated by analysts at Cowen in a report released on Friday. They currently have a $38.00 price objective on the oil and gas company’s stock, up from their previous price objective of $35.00. Cowen’s price target would suggest a potential downside of 16.83% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Bank of America downgraded shares of HollyFrontier from a “neutral” rating to an “underperform” rating in a report on Friday. Royal Bank Of Canada reiterated a “buy” rating and issued a $38.00 price target on shares of HollyFrontier in a report on Friday, September 8th. Tudor Pickering downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Barclays began coverage on shares of HollyFrontier in a report on Thursday, November 2nd. They issued an “overweight” rating and a $47.00 price target for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.73.
HollyFrontier (NYSE:HFC) opened at $45.69 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41. The stock has a market cap of $8,034.02, a PE ratio of 29.24, a PEG ratio of 1.99 and a beta of 1.31. HollyFrontier has a twelve month low of $23.46 and a twelve month high of $46.16.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.25. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The business’s revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 EPS. analysts forecast that HollyFrontier will post 2.28 earnings per share for the current fiscal year.
In related news, Director Michael Jennings sold 4,500 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $44.50, for a total value of $200,250.00. Following the sale, the director now directly owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in HFC. Principal Financial Group Inc. boosted its stake in shares of HollyFrontier by 129.6% during the 2nd quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock worth $115,495,000 after purchasing an additional 2,373,560 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of HollyFrontier by 148.2% during the 3rd quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock worth $57,682,000 after purchasing an additional 957,494 shares during the last quarter. Kempen Capital Management N.V. acquired a new stake in shares of HollyFrontier during the 2nd quarter worth about $24,366,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of HollyFrontier by 741.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company’s stock worth $27,582,000 after purchasing an additional 884,754 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of HollyFrontier by 1,974.5% during the 2nd quarter. Janus Henderson Group PLC now owns 638,955 shares of the oil and gas company’s stock worth $17,552,000 after purchasing an additional 608,155 shares during the last quarter. 83.31% of the stock is currently owned by institutional investors.
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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).
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