Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of HollyFrontier from $55.00 to $50.00 and set an underweight rating for the company in a research report on Tuesday, September 10th. Wells Fargo & Co boosted their target price on shares of HollyFrontier from $48.00 to $51.00 and gave the company a market perform rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $58.52.
Shares of NYSE:HFC traded down $0.60 during midday trading on Tuesday, hitting $54.14. The stock had a trading volume of 1,127,523 shares, compared to its average volume of 2,054,286. The company’s 50-day moving average price is $54.29 and its 200-day moving average price is $47.84. The company has a market capitalization of $9.02 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45. The company has a quick ratio of 1.11, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. HollyFrontier has a fifty-two week low of $37.73 and a fifty-two week high of $65.30.
HollyFrontier (NYSE:HFC) last issued its earnings results on Thursday, October 31st. The oil and gas company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.43 by $0.25. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.20 billion. HollyFrontier had a net margin of 4.89% and a return on equity of 17.42%. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.98 EPS. Research analysts expect that HollyFrontier will post 5.02 EPS for the current fiscal year.
In related news, SVP Thomas G. Creery sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $57.50, for a total transaction of $287,500.00. Following the completion of the transaction, the senior vice president now directly owns 90,004 shares in the company, valued at approximately $5,175,230. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC increased its position in HollyFrontier by 244.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,165,064 shares of the oil and gas company’s stock worth $53,919,000 after purchasing an additional 827,015 shares in the last quarter. Clark Estates Inc. NY bought a new stake in HollyFrontier during the 2nd quarter worth approximately $3,610,000. Candriam Luxembourg S.C.A. grew its holdings in HollyFrontier by 56.5% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 83,713 shares of the oil and gas company’s stock worth $3,857,000 after acquiring an additional 30,213 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in HollyFrontier by 12.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 260,699 shares of the oil and gas company’s stock worth $12,003,000 after acquiring an additional 29,844 shares during the last quarter. Finally, Supplemental Annuity Collective Trust of NJ bought a new stake in HollyFrontier during the 2nd quarter worth approximately $555,000. Institutional investors and hedge funds own 84.16% of the company’s stock.
HollyFrontier Company Profile
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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