Equities research analysts expect that HollyFrontier Corp (NYSE:HFC) will announce $4.14 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for HollyFrontier’s earnings, with the lowest sales estimate coming in at $3.46 billion and the highest estimate coming in at $4.76 billion. HollyFrontier reported sales of $4.34 billion during the same quarter last year, which would suggest a negative year over year growth rate of 4.6%. The firm is expected to announce its next earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that HollyFrontier will report full-year sales of $17.22 billion for the current financial year, with estimates ranging from $16.57 billion to $17.59 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $16.88 billion, with estimates ranging from $14.95 billion to $18.72 billion. Zacks’ sales averages are an average based on a survey of research firms that cover HollyFrontier.
HollyFrontier (NYSE:HFC) last released its 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 net margin of 4.89% and a return on equity of 17.42%. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm posted $1.98 earnings per share. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year.
In other news, SVP Thomas G. Creery sold 5,000 shares of the firm’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 completion of the sale, the senior vice president now directly owns 90,004 shares of the company’s stock, valued at approximately $5,175,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO John W. Gann, Jr. sold 7,052 shares of HollyFrontier stock in a transaction dated 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 owns 26,136 shares of the company’s stock, valued at $1,374,230.88. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. North Star Investment Management Corp. bought a new position in HollyFrontier during the third quarter valued at approximately $25,000. Cornerstone Advisors Inc. lifted its stake in HollyFrontier by 66.5% in the third quarter. Cornerstone Advisors Inc. now owns 526 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 210 shares during the last quarter. Bridger Capital Management LLC bought a new stake in HollyFrontier in the third quarter worth approximately $34,000. Amica Retiree Medical Trust bought a new stake in HollyFrontier in the second quarter worth approximately $31,000. Finally, Rational Advisors LLC increased its stake 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 worth $39,000 after purchasing an additional 348 shares during the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:HFC traded down $1.53 during mid-day trading on Friday, hitting $49.41. The stock had a trading volume of 1,153,557 shares, compared to its average volume of 2,018,134. The company’s 50 day moving average is $53.91 and its 200-day moving average is $48.73. HollyFrontier has a 12-month low of $37.73 and a 12-month high of $58.88. 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 company has a market cap of $8.22 billion, a PE ratio of 7.67, a P/E/G ratio of 0.99 and a beta of 1.45.
The company also recently disclosed 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 represents a $1.40 annualized dividend and a dividend yield of 2.83%. This is a positive change from HollyFrontier’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, November 26th. HollyFrontier’s dividend payout ratio (DPR) is currently 21.74%.
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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