Investors Buy Large Volume of HollyFrontier Corp Put Options (HFC)
Shares of HollyFrontier Corp (NYSE:HFC) saw unusually large options trading activity on Thursday. Traders bought 5,196 put options on the stock, American Banking News.com reports. This is an increase of 645% compared to the average daily volume of 697 put options.
In other HollyFrontier Corp news, SVP James M. Stump sold 4,000 shares of the stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $47.83, for a total value of $191,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.30.
Shares of HollyFrontier Corp (NYSE:HFC) traded down 0.73% during mid-day trading on Thursday, hitting $50.10. The stock had a trading volume of 2,156,983 shares. HollyFrontier Corp has a one year low of $39.65 and a one year high of $53.42. The stock has a 50-day moving average of $45.91 and a 200-day moving average of $47.59. The company has a market cap of $9.916 billion and a price-to-earnings ratio of 21.36.
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. On average, analysts predict that HollyFrontier Corp will post $3.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend 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.
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