Shares of HollyFrontier Corp (NYSE:HFC) have received an average rating of “Hold” from the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $44.93.
Several research firms have issued reports on HFC. Macquarie raised shares of HollyFrontier from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 16th. Jefferies Group started coverage on shares of HollyFrontier in a report on Wednesday, January 24th. They set an “underperform” rating and a $40.00 price objective on the stock. Credit Suisse Group started coverage on shares of HollyFrontier in a report on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 price objective on the stock. Barclays reissued a “buy” rating and set a $65.00 price objective on shares of HollyFrontier in a report on Wednesday, January 10th. Finally, Zacks Investment Research lowered shares of HollyFrontier from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd.
HFC stock traded up $0.37 during midday trading on Friday, reaching $48.38. 75,762 shares of the company’s stock traded hands, compared to its average volume of 2,426,584. The company has a quick ratio of 1.01, a current ratio of 2.15 and a debt-to-equity ratio of 0.42. HollyFrontier has a fifty-two week low of $23.46 and a fifty-two week high of $53.21. The stock has a market capitalization of $8,204.82, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.33 and a beta of 1.17.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.12). HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the firm posted ($0.06) earnings per share. HollyFrontier’s revenue for the quarter was up 35.1% compared to the same quarter last year. analysts forecast that HollyFrontier will post 3.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a yield of 2.73%. HollyFrontier’s dividend payout ratio is presently 29.20%.
In related news, SVP James M. Stump sold 30,000 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $51.21, for a total transaction of $1,536,300.00. Following the completion of the transaction, the senior vice president now directly owns 41,849 shares in the company, valued at $2,143,087.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado lifted its position in HollyFrontier by 3.2% during the fourth 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 purchasing an additional 1,129 shares during the period. Boston Private Wealth LLC lifted its position in HollyFrontier by 4.2% during the third quarter. Boston Private Wealth LLC now owns 39,822 shares of the oil and gas company’s stock valued at $1,432,000 after purchasing an additional 1,589 shares during the period. Cadence Capital Management LLC raised its position in shares of HollyFrontier by 6.3% in the third quarter. Cadence Capital Management LLC now owns 27,156 shares of the oil and gas company’s stock worth $977,000 after acquiring an additional 1,613 shares during the period. Xact Kapitalforvaltning AB raised its position in shares of HollyFrontier by 11.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 17,035 shares of the oil and gas company’s stock worth $873,000 after acquiring an additional 1,712 shares during the period. Finally, Amalgamated Bank raised its position in shares of HollyFrontier by 5.9% in the fourth quarter. Amalgamated Bank now owns 35,807 shares of the oil and gas company’s stock worth $1,834,000 after acquiring an additional 2,010 shares during the period. Institutional investors own 86.02% 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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