HollyFrontier Corp Given Average Recommendation of “Hold” by Analysts (NYSE:HFC)
Shares of HollyFrontier Corp (NYSE:HFC) have received an average rating of “Hold” from the fifteen brokerages that are presently covering the company, Stock Ratings Network reports. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $53.30.
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.
In other HollyFrontier Corp news, SVP James M. Stump sold 4,000 shares of HollyFrontier Corp stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $47.83, for a total transaction of $191,320.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of HollyFrontier Corp (NYSE:HFC) opened at 51.26 on Thursday. HollyFrontier Corp has a 52 week low of $39.65 and a 52 week high of $53.42. The stock has a 50-day moving average of $46.27 and a 200-day moving average of $47.6. The company has a market cap of $10.145 billion and a P/E ratio of 21.20.
HollyFrontier Corp (NYSE:HFC) last posted its quarterly earnings results 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. Analysts expect that HollyFrontier Corp will post $3.49 EPS 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 2.50%. 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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