Shares of HollyFrontier Corp (NYSE:HFC) have received a consensus rating of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $62.41.
Several equities analysts recently commented on the company. Morgan Stanley set a $54.00 target price on HollyFrontier and gave the company a “hold” rating in a research note on Friday, May 17th. ValuEngine lowered HollyFrontier from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, Bank of America upgraded HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 target price for the company in a research note on Monday, April 29th.
In other news, Director Franklin Myers purchased 2,500 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $49.72 per share, with a total value of $124,300.00. Following the completion of the transaction, the director now owns 24,989 shares in the company, valued at $1,242,453.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of HollyFrontier by 17.5% in the first quarter. AQR Capital Management LLC now owns 11,776,317 shares of the oil and gas company’s stock worth $580,219,000 after buying an additional 1,753,888 shares during the period. Northern Trust Corp boosted its position in shares of HollyFrontier by 1.4% in the second quarter. Northern Trust Corp now owns 2,872,017 shares of the oil and gas company’s stock worth $132,917,000 after buying an additional 39,797 shares during the period. AJO LP boosted its position in shares of HollyFrontier by 13.4% in the first quarter. AJO LP now owns 1,862,805 shares of the oil and gas company’s stock worth $91,780,000 after buying an additional 220,651 shares during the period. LSV Asset Management boosted its position in shares of HollyFrontier by 21.8% in the second quarter. LSV Asset Management now owns 1,796,657 shares of the oil and gas company’s stock worth $83,149,000 after buying an additional 321,600 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of HollyFrontier by 13.0% in the first quarter. Great West Life Assurance Co. Can now owns 1,482,086 shares of the oil and gas company’s stock worth $72,800,000 after buying an additional 170,562 shares during the period. 86.32% of the stock is owned by hedge funds and other institutional investors.
HollyFrontier stock traded down $1.99 during trading on Friday, hitting $43.63. The company’s stock had a trading volume of 1,955,655 shares, compared to its average volume of 2,212,052. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 0.92 and a beta of 1.45. The stock’s fifty day moving average is $47.90 and its 200 day moving average is $47.80. HollyFrontier has a 1-year low of $37.73 and a 1-year high of $76.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.08.
HollyFrontier (NYSE:HFC) last released its earnings results on Thursday, August 1st. The oil and gas company reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.51. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.31 billion. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share. On average, research analysts anticipate that HollyFrontier will post 4.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, August 21st. HollyFrontier’s dividend payout ratio (DPR) is presently 20.50%.
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.
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