HollyFrontier Corporation (NYSE:HFC) had its price target boosted by Oppenheimer Holdings, Inc. to $47.00 in a research report released on Thursday, November 2nd. Oppenheimer Holdings, Inc. currently has a neutral rating on the oil and gas company’s stock.
A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company lifted their price target on HollyFrontier Corporation from $33.00 to $40.00 and gave the company a market perform rating in a report on Thursday, November 2nd. Barclays PLC initiated coverage on HollyFrontier Corporation in a report on Thursday, November 2nd. They set an overweight rating and a $47.00 price target on the stock. Goldman Sachs Group, Inc. (The) raised HollyFrontier Corporation from a sell rating to a neutral rating and set a $26.00 target price on the stock in a report on Thursday, November 2nd. Scotiabank reissued a buy rating and set a $39.00 target price on shares of HollyFrontier Corporation in a report on Wednesday, November 1st. Finally, Macquarie reissued an underperform rating on shares of HollyFrontier Corporation in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $38.59.
Shares of HollyFrontier Corporation (HFC) opened at $44.79 on Thursday. HollyFrontier Corporation has a 52-week low of $23.46 and a 52-week high of $44.86. The stock has a market capitalization of $7,850.00, a PE ratio of 28.65, a PEG ratio of 2.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00.
HollyFrontier Corporation (NYSE:HFC) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.25. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. HollyFrontier Corporation’s quarterly revenue was up 30.6% compared to the same quarter last year. research analysts predict that HollyFrontier Corporation will post 2.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Monday, November 20th. HollyFrontier Corporation’s dividend payout ratio is 69.47%.
Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of HollyFrontier Corporation by 129.6% during the second quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock valued at $115,495,000 after buying an additional 2,373,560 shares during the last quarter. American Century Companies Inc. raised its position in shares of HollyFrontier Corporation by 148.2% during the third quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock valued at $57,682,000 after buying an additional 957,494 shares during the last quarter. Kempen Capital Management N.V. acquired a new position in shares of HollyFrontier Corporation during the second quarter valued at about $24,366,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of HollyFrontier Corporation by 741.1% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company’s stock valued at $27,582,000 after buying an additional 884,754 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of HollyFrontier Corporation by 1,974.5% during the second quarter. Janus Henderson Group PLC now owns 638,955 shares of the oil and gas company’s stock valued at $17,552,000 after buying an additional 608,155 shares during the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.
About HollyFrontier Corporation
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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