Credit Suisse Group started coverage on shares of HollyFrontier (NYSE:HFC) in a research report released on Wednesday. The firm issued a neutral rating and a $51.00 price target on the oil and gas company’s stock.
A number of other brokerages have also commented on HFC. ValuEngine upgraded shares of HollyFrontier from a hold rating to a buy rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of HollyFrontier from a strong-buy rating to a hold rating in a research note on Tuesday. Howard Weil lowered shares of HollyFrontier from a focus list rating to an outperform rating in a research note on Friday, December 22nd. Bank of America lowered shares of HollyFrontier from a neutral rating to an underperform rating in a research note on Friday, December 8th. Finally, Cowen restated a market perform rating and set a $38.00 price target (up previously from $35.00) on shares of HollyFrontier in a research note on Friday, December 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. HollyFrontier currently has an average rating of Hold and a consensus price target of $42.14.
Shares of HollyFrontier (HFC) traded down $0.41 during mid-day trading on Wednesday, reaching $50.97. 2,682,600 shares of the company’s stock were exchanged, compared to its average volume of 2,488,500. The company has a market cap of $9,080.00, a price-to-earnings ratio of 26.83, a PEG ratio of 1.71 and a beta of 1.30. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41. HollyFrontier has a fifty-two week low of $23.46 and a fifty-two week high of $52.06.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 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 analyst estimates of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. HollyFrontier’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. research analysts anticipate that HollyFrontier will post 2.38 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st were paid a $0.33 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.32 annualized dividend and a dividend yield of 2.59%. HollyFrontier’s payout ratio is 69.47%.
In related news, SVP James M. Stump sold 30,000 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $51.21, for a total value of $1,536,300.00. Following the transaction, the senior vice president now directly owns 41,849 shares of the company’s stock, valued at approximately $2,143,087.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James H. Lee sold 5,149 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total transaction of $242,878.33. Following the completion of the transaction, the director now directly owns 52,240 shares in the company, valued at $2,464,160.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,649 shares of company stock valued at $3,515,728. Company insiders own 0.51% of the company’s stock.
Several large investors have recently modified their holdings of HFC. American Century Companies Inc. boosted its holdings in shares of HollyFrontier by 148.2% in 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 buying an additional 957,494 shares during the last quarter. Kempen Capital Management N.V. purchased a new position in shares of HollyFrontier in the 2nd quarter worth about $24,366,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of HollyFrontier by 741.1% in 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 buying an additional 884,754 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of HollyFrontier by 1,974.5% in 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 buying an additional 608,155 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new position in shares of HollyFrontier in the 3rd quarter worth about $19,967,000. 83.21% 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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