HollyFrontier Corporation (NYSE:HFC) had its price objective lifted by Wells Fargo & Company from $33.00 to $40.00 in a research report report published on Thursday, November 2nd. Wells Fargo & Company currently has a market perform rating on the oil and gas company’s stock.
A number of other equities research analysts have also recently weighed in on the company. Barclays PLC began 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. Macquarie reissued an underperform rating on shares of HollyFrontier Corporation in a report on Monday, October 23rd. Finally, Royal Bank Of Canada reissued a buy rating and set a $42.00 target price on shares of HollyFrontier Corporation in a report on Wednesday, October 18th. 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. 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. HollyFrontier Corporation has a 52-week low of $23.46 and a 52-week high of $44.86. 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. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. HollyFrontier Corporation’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. research analysts predict that HollyFrontier Corporation will post 2.17 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders 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 dividend yield of 2.95%. The ex-dividend date is Monday, November 20th. HollyFrontier Corporation’s dividend payout ratio is currently 69.47%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of HollyFrontier Corporation by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,760,488 shares of the oil and gas company’s stock valued at $75,829,000 after buying an additional 11,604 shares during the last quarter. Comerica Bank increased its stake in HollyFrontier Corporation by 0.6% in the second quarter. Comerica Bank now owns 153,411 shares of the oil and gas company’s stock valued at $4,230,000 after acquiring an additional 964 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in HollyFrontier Corporation by 2.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 507,510 shares of the oil and gas company’s stock valued at $13,941,000 after acquiring an additional 12,343 shares during the period. Schroder Investment Management Group increased its stake in HollyFrontier Corporation by 5.4% in the second quarter. Schroder Investment Management Group now owns 3,601,605 shares of the oil and gas company’s stock valued at $100,845,000 after acquiring an additional 184,984 shares during the period. Finally, Bank of Nova Scotia increased its stake in HollyFrontier Corporation by 233.7% in the second quarter. Bank of Nova Scotia now owns 717,500 shares of the oil and gas company’s stock valued at $19,710,000 after acquiring an additional 502,500 shares during the period. 79.21% of the stock is owned by institutional investors and hedge funds.
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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