A number of other analysts have also commented on the stock. Credit Suisse Group started coverage on shares of HollyFrontier in a research report on Wednesday, January 3rd. They issued a neutral rating and a $51.00 price objective on the stock. Zacks Investment Research lowered shares of HollyFrontier from a strong-buy rating to a hold rating in a research report on Tuesday, January 2nd. ValuEngine raised shares of HollyFrontier from a hold rating to a buy rating in a research report on Sunday, December 31st. Howard Weil lowered shares of HollyFrontier from a focus list rating to an outperform rating in a research report on Friday, December 22nd. Finally, Cowen restated a market perform rating and issued a $38.00 price target (up from $35.00) on shares of HollyFrontier in a research note on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. HollyFrontier presently has a consensus rating of Hold and a consensus price target of $42.71.
HollyFrontier (HFC) traded up $0.20 during trading on Wednesday, hitting $52.45. 1,224,687 shares of the stock traded hands, compared to its average volume of 2,156,610. The firm has a market capitalization of $9,330.00, a PE ratio of 27.61, a PEG ratio of 1.61 and a beta of 1.30. HollyFrontier has a 12 month low of $23.46 and a 12 month high of $53.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98.
In other news, CAO John W. Gann, Jr. sold 2,000 shares of HollyFrontier stock in a transaction on Saturday, November 10th. The stock was sold at an average price of $41.96, for a total transaction of $83,920.00. Following the sale, the chief accounting officer now directly owns 35,705 shares in the company, valued at approximately $1,498,181.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James M. Stump sold 30,000 shares of HollyFrontier stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total value of $1,536,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 82,649 shares of company stock worth $4,062,308 over the last ninety days. Insiders own 0.51% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in shares of HollyFrontier by 17.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 924,264 shares of the oil and gas company’s stock valued at $25,390,000 after buying an additional 135,085 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of HollyFrontier during the second quarter valued at about $415,000. JPMorgan Chase & Co. increased its position in shares of HollyFrontier by 52.9% during the second quarter. JPMorgan Chase & Co. now owns 1,494,747 shares of the oil and gas company’s stock valued at $41,060,000 after buying an additional 517,129 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in shares of HollyFrontier by 1.3% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 100 shares during the period. Finally, AXA bought a new stake in shares of HollyFrontier during the second quarter valued at about $417,000. Institutional investors own 83.21% of the company’s stock.
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HollyFrontier Company Profile
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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