HollyFrontier Corp SVP Sells $494,791 in Stock (HFC)
HollyFrontier Corp (NYSE:HFC) SVP Denise Clark Mcwatters sold 9,662 shares of the stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $51.21, for a total value of $494,791.02. Following the sale, the senior vice president now directly owns 30,528 shares in the company, valued at approximately $1,563,339. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. HollyFrontier Corp currently has an average rating of “Hold” and a consensus target price of $53.30.
HollyFrontier Corp (NYSE:HFC) traded down 0.03% during mid-day trading on Monday, hitting $50.745. 1,003,024 shares of the company’s stock traded hands. 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 $10.043 billion and a price-to-earnings ratio of 21.48.
HollyFrontier Corp (NYSE:HFC) last announced its 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 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 2.50%. 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.
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