HollyFrontier Corp SVP James M. Stump Sells 4,000 Shares (HFC)
HollyFrontier Corp (NYSE:HFC) SVP James M. Stump sold 4,000 shares of HollyFrontier Corp stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $47.83, for a total transaction of $191,320.00. Following the completion of the sale, the senior vice president now directly owns 32,791 shares in the company, valued at approximately $1,568,394. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of HollyFrontier Corp (NYSE:HFC) traded up 0.61% during mid-day trading on Wednesday, hitting $48.17. The stock had a trading volume of 2,902,058 shares. HollyFrontier Corp has a 52 week low of $39.65 and a 52 week high of $53.42. The stock’s 50-day moving average is $45.24 and its 200-day moving average is $47.5. The company has a market cap of $9.534 billion and a P/E ratio of 20.26.
HollyFrontier Corp (NYSE:HFC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that HollyFrontier Corp will post $3.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Investors 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 2.67%. The ex-dividend date is Thursday, August 28th.
A number of research firms have recently commented on HFC. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of HollyFrontier Corp in a research note on Thursday, August 7th. They now have a $44.00 price target on the stock, up previously from $40.00. Separately, analysts at Barclays cut their price target on shares of HollyFrontier Corp from $72.00 to $67.00 in a research note on Thursday, August 7th. They now have an “overweight” rating on the stock. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $53.30.
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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