HollyFrontier (HFC) Stock Rating Lowered by ValuEngine

HollyFrontier (NYSE:HFC) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Several other brokerages have also commented on HFC. Deutsche Bank raised their price objective on shares of HollyFrontier from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, May 3rd. Credit Suisse Group raised their price objective on shares of HollyFrontier from $57.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 4th. Argus raised their target price on shares of HollyFrontier from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, March 29th. Morgan Stanley raised shares of HollyFrontier from an “underweight” rating to an “equal weight” rating and set a $60.00 target price for the company in a research note on Friday, April 13th. Finally, Wells Fargo & Co raised their target price on shares of HollyFrontier from $63.00 to $69.00 and gave the company a “market perform” rating in a research note on Tuesday, May 29th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $56.94.

Shares of HFC opened at $69.04 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.25 and a debt-to-equity ratio of 0.39. HollyFrontier has a one year low of $25.97 and a one year high of $83.28. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 1.30 and a beta of 1.10.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.40. HollyFrontier had a net margin of 7.31% and a return on equity of 10.21%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same period last year, the business posted ($0.19) earnings per share. HollyFrontier’s quarterly revenue was up 34.0% compared to the same quarter last year. sell-side analysts predict that HollyFrontier will post 5.88 EPS for the current fiscal year.

In related news, CFO Richard Lawrence Voliva III sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $80.97, for a total transaction of $566,790.00. Following the completion of the sale, the chief financial officer now owns 43,363 shares of the company’s stock, valued at $3,511,102.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Denise Clark Mcwatters sold 15,821 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $66.19, for a total transaction of $1,047,191.99. Following the sale, the senior vice president now directly owns 47,437 shares of the company’s stock, valued at approximately $3,139,855.03. The disclosure for this sale can be found here. Insiders have sold 222,592 shares of company stock valued at $15,795,344 in the last three months. 0.57% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. M&T Bank Corp grew its position in HollyFrontier by 2.3% in the 1st quarter. M&T Bank Corp now owns 37,098 shares of the oil and gas company’s stock worth $1,813,000 after purchasing an additional 834 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in HollyFrontier by 1.3% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 70,953 shares of the oil and gas company’s stock worth $3,467,000 after purchasing an additional 900 shares during the period. State Treasurer State of Michigan grew its position in HollyFrontier by 1.6% in the 1st quarter. State Treasurer State of Michigan now owns 64,690 shares of the oil and gas company’s stock worth $3,161,000 after purchasing an additional 1,000 shares during the period. Suntrust Banks Inc. grew its position in HollyFrontier by 1.8% in the 1st quarter. Suntrust Banks Inc. now owns 58,217 shares of the oil and gas company’s stock worth $2,843,000 after purchasing an additional 1,004 shares during the period. Finally, Affinity Investment Advisors LLC grew its position in HollyFrontier by 2.3% in the 1st quarter. Affinity Investment Advisors LLC now owns 49,674 shares of the oil and gas company’s stock worth $2,427,000 after purchasing an additional 1,134 shares during the period. 83.31% of the stock is owned by institutional investors.

About HollyFrontier

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

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Analyst Recommendations for HollyFrontier (NYSE:HFC)

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