Other equities analysts have also recently issued research reports about the company. TheStreet raised HollyFrontier from a c+ rating to a b rating in a report on Wednesday, November 1st. ValuEngine raised HollyFrontier from a hold rating to a buy rating in a report on Thursday, November 2nd. Scotiabank reissued a buy rating and set a $39.00 price target on shares of HollyFrontier in a report on Wednesday, November 1st. Argus raised HollyFrontier from a hold rating to a buy rating and set a $53.00 price target for the company in a report on Monday, November 20th. Finally, Zacks Investment Research upgraded HollyFrontier from a hold rating to a buy rating and set a $57.00 price objective on the stock in a research report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $42.67.
HollyFrontier (HFC) traded down $0.41 during trading on Friday, hitting $46.40. The stock had a trading volume of 1,430,000 shares, compared to its average volume of 2,490,000. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. HollyFrontier has a 12 month low of $23.46 and a 12 month high of $53.21. The firm has a market cap of $8,230.00, a PE ratio of 24.42, a P/E/G ratio of 1.30 and a beta of 1.12.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a yield of 2.84%. HollyFrontier’s dividend payout ratio is currently 69.47%.
In other HollyFrontier news, SVP James M. Stump sold 30,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $51.21, for a total value of $1,536,300.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Jennings sold 4,500 shares of the company’s 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 completion of the sale, the director now owns 49,717 shares in the company, valued at approximately $2,212,406.50. The disclosure for this sale can be found here. Insiders have sold a total of 69,649 shares of company stock worth $3,515,728 in the last 90 days. 0.51% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its position in shares of HollyFrontier by 6.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 235 shares during the last quarter. Voya Investment Management LLC grew its position in shares of HollyFrontier by 1.7% in the 2nd quarter. Voya Investment Management LLC now owns 49,682 shares of the oil and gas company’s stock valued at $1,365,000 after buying an additional 832 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of HollyFrontier by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 36,474 shares of the oil and gas company’s stock valued at $1,868,000 after buying an additional 1,129 shares during the last quarter. Boston Private Wealth LLC grew its position in shares of HollyFrontier by 4.2% in the 3rd quarter. Boston Private Wealth LLC now owns 39,822 shares of the oil and gas company’s stock valued at $1,432,000 after buying an additional 1,589 shares during the last quarter. Finally, Cadence Capital Management LLC grew its position in shares of HollyFrontier by 6.3% in the 3rd quarter. Cadence Capital Management LLC now owns 27,156 shares of the oil and gas company’s stock valued at $977,000 after buying an additional 1,613 shares during the last quarter. Hedge funds and other institutional investors own 84.51% of the company’s stock.
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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