HollyFrontier Corp (NYSE:HFC) Given Average Rating of “Hold” by Analysts

Share on StockTwits

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.

Institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC boosted its position in shares of 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 valued at $53,919,000 after acquiring an additional 827,015 shares during the last quarter. Prudential Financial Inc. raised its stake in HollyFrontier by 94.6% in the second quarter. Prudential Financial Inc. now owns 1,154,726 shares of the oil and gas company’s stock valued at $53,441,000 after purchasing an additional 561,478 shares in the last quarter. Marshall Wace LLP bought a new stake in HollyFrontier during the second quarter valued at approximately $18,534,000. LSV Asset Management lifted its position in HollyFrontier by 21.8% during the second quarter. LSV Asset Management now owns 1,796,657 shares of the oil and gas company’s stock valued at $83,149,000 after purchasing an additional 321,600 shares during the last quarter. Finally, Luminus Management LLC grew its stake in HollyFrontier by 130.6% in the 2nd quarter. Luminus Management LLC now owns 538,587 shares of the oil and gas company’s stock worth $24,926,000 after buying an additional 305,000 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

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.

See Also: Analyzing a company’s cash flow statement

Analyst Recommendations for HollyFrontier (NYSE:HFC)

Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.