HollyFrontier Corp (NYSE:HFC) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $58.52.
HFC has been the topic of several research reports. ValuEngine lowered shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lowered their target price on shares of HollyFrontier from $55.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, Wells Fargo & Co increased their target price on HollyFrontier from $48.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 25th.
In related news, SVP Thomas G. Creery sold 5,000 shares of HollyFrontier stock in a transaction on Friday, October 25th. The stock was sold at an average price of $57.50, for a total transaction of $287,500.00. Following the completion of the sale, the senior vice president now owns 90,004 shares of the company’s stock, valued at $5,175,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO John W. Gann, Jr. sold 7,052 shares of HollyFrontier stock in a transaction 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 sale, 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. 0.49% of the stock is currently owned by insiders.
Shares of HFC traded down $0.86 during mid-day trading on Tuesday, hitting $51.86. The stock had a trading volume of 1,557,265 shares, compared to its average volume of 2,023,072. HollyFrontier has a 52 week low of $37.73 and a 52 week high of $59.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.11. The business has a fifty day moving average price of $54.15 and a 200-day moving average price of $48.58. The firm has a market cap of $8.39 billion, a P/E ratio of 8.05, a PEG ratio of 1.00 and a beta of 1.45.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share for the quarter, topping the 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 company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the company earned $1.98 EPS. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. As a group, research analysts expect that HollyFrontier will post 5.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be given a $0.35 dividend. 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 dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, November 26th. HollyFrontier’s dividend payout ratio (DPR) is 21.74%.
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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