Shares of HollyFrontier Corp (NYSE:HFC) have earned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $56.77.
Several analysts have weighed in on HFC shares. JPMorgan Chase & Co. lowered their price target on shares of HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Wells Fargo & Co raised their price objective on HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Wednesday, November 6th. Finally, ValuEngine lowered HollyFrontier from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.
NYSE HFC traded up $0.19 on Tuesday, hitting $50.94. 1,320,698 shares of the stock traded hands, compared to its average volume of 1,555,674. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 2.07. The business’s fifty day moving average is $53.91 and its two-hundred day moving average is $48.73. HollyFrontier has a 12 month low of $37.73 and a 12 month high of $59.36. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.98 and a beta of 1.44.
HollyFrontier (NYSE:HFC) last issued its earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.25. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the company posted $1.98 earnings per share. The business’s revenue was down 7.3% on a year-over-year basis. Analysts expect that HollyFrontier will post 5.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.35 per share. This is a positive change from HollyFrontier’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, November 26th. HollyFrontier’s dividend payout ratio is currently 21.74%.
In related news, SVP Thomas G. Creery sold 5,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $57.50, for a total transaction of $287,500.00. Following the transaction, the senior vice president now owns 90,004 shares in the company, valued at approximately $5,175,230. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO John W. Gann, Jr. sold 7,052 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $52.58, for a total value of $370,794.16. Following the transaction, the chief accounting officer now directly owns 26,136 shares of the company’s stock, valued at approximately $1,374,230.88. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.
Hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. purchased a new position in shares of HollyFrontier during the third quarter worth approximately $25,000. Cornerstone Advisors Inc. raised its stake in shares of HollyFrontier by 66.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 526 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 210 shares in the last quarter. Amica Retiree Medical Trust purchased a new stake in shares of HollyFrontier during the 2nd quarter worth about $31,000. Bridger Capital Management LLC acquired a new stake in shares of HollyFrontier during the 3rd quarter valued at about $34,000. Finally, Rational Advisors LLC lifted its holdings in shares of HollyFrontier by 69.7% during the 2nd quarter. Rational Advisors LLC now owns 847 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 84.82% 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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