HollyFrontier Corporation (NYSE:HFC) Director Michael Jennings sold 4,500 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. Following the completion of the sale, the director now owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of HollyFrontier Corporation (HFC) traded up $0.92 on Tuesday, reaching $46.61. 3,198,600 shares of the company were exchanged, compared to its average volume of 2,802,082. HollyFrontier Corporation has a 1-year low of $23.46 and a 1-year high of $46.91. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. The stock has a market capitalization of $8,099.61, a P/E ratio of 29.48, a P/E/G ratio of 2.00 and a beta of 1.31.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the business earned $0.42 earnings per share. The business’s quarterly revenue was up 30.6% on a year-over-year basis. research analysts anticipate that HollyFrontier Corporation will post 2.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Monday, November 20th. HollyFrontier’s payout ratio is currently 69.47%.
A number of hedge funds and other institutional investors have recently modified their holdings of HFC. Wedbush Securities Inc. grew its holdings in shares of HollyFrontier by 0.7% in the second quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 71 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of HollyFrontier by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 100 shares during the last quarter. World Asset Management Inc grew its holdings in shares of HollyFrontier by 1.1% in the second quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 173 shares during the last quarter. Vantage Financial Partners Ltd. Inc. bought a new position in shares of HollyFrontier in the second quarter worth approximately $204,000. Finally, Toronto Dominion Bank grew its holdings in shares of HollyFrontier by 6.3% in the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 83.31% of the company’s stock.
Several equities research analysts have commented on HFC shares. TheStreet raised shares of HollyFrontier from a “c+” rating to a “b” rating in a report on Wednesday, November 1st. Scotiabank reissued a “buy” rating and issued a $39.00 price target on shares of HollyFrontier in a report on Wednesday, November 1st. Royal Bank of Canada reissued a “buy” rating and issued a $42.00 price target on shares of HollyFrontier in a report on Wednesday, October 18th. Tudor Pickering raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a report on Monday, October 9th. Finally, Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $39.73.
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HollyFrontier 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).
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