HollyFrontier Corp. Target of Unusually High Options Trading (HFC)
HollyFrontier Corp. (NYSE:HFC) was the target of some unusual options trading on Friday. Investors bought 6,907 put options on the stock, StockRatingsNetwork.com reports. This is an increase of approximately 194% compared to the average volume of 2,348 put options.
A number of research firms have recently commented on HFC. Analysts at Argus cut their price target on shares of HollyFrontier Corp. (NYSE:HFC) from $68.00 to $56.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital reiterated a “buy” rating on shares of HollyFrontier Corp. (NYSE:HFC) in a research note to investors on Tuesday. They now have a $85.00 price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of HollyFrontier Corp. (NYSE:HFC) to $55.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock.
One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.27.
HollyFrontier Corp. (NYSE:HFC) traded up 0.55% on Friday, hitting $42.04. 2,221,064 shares of the company’s stock traded hands. HollyFrontier Corp. has a 52 week low of $36.22 and a 52 week high of $59.20. The stock has a 50-day moving average of $44.70 and a 200-day moving average of $47.27. The company has a market cap of $8.379 billion and a price-to-earnings ratio of 5.37.
HollyFrontier Corp. (NYSE:HFC) last announced its earnings results on Wednesday, August 7th. The company reported $1.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.41 by $0.14. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter last year, the company posted $2.39 earnings per share. HollyFrontier Corp.’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that HollyFrontier Corp. will post $4.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, September 4th.
HollyFrontier Corporation (NYSE:HFC), formerly Holly Corporation, is a petroleum refiner, which produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.
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