HollyFrontier Corp Stock Rating Reaffirmed by Citigroup Inc. (HFC)
HollyFrontier Corp (NYSE:HFC)‘s stock had its “neutral” rating reiterated by Citigroup Inc. in a research note issued on Thursday. They currently have a $44.00 target price on the stock, up from their previous target price of $40.00. Citigroup Inc.’s price objective indicates a potential downside of 5.76% from the stock’s previous close.
A number of other analysts have also recently weighed in on HFC. Analysts at Barclays cut their price target on shares of HollyFrontier Corp from $72.00 to $67.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Macquarie upgraded shares of HollyFrontier Corp from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 10th. Finally, analysts at Wells Fargo & Co. upgraded shares of HollyFrontier Corp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 9th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $52.56.
HollyFrontier Corp (NYSE:HFC) traded up 1.46% during mid-day trading on Thursday, hitting $47.37. The stock had a trading volume of 2,968,133 shares. HollyFrontier Corp has a 1-year low of $39.65 and a 1-year high of $53.42. The stock’s 50-day moving average is $45.52 and its 200-day moving average is $47.50. The company has a market cap of $9.386 billion and a price-to-earnings ratio of 16.92.
HollyFrontier Corp (NYSE:HFC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.28 by $0.39. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the company posted $1.40 earnings per share. HollyFrontier Corp’s revenue was up 1.4% compared to the same quarter last year. Analysts expect that HollyFrontier Corp will post $3.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Thursday, August 28th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.