HollyFrontier Corp Rating Lowered to Underperform at Zacks (HFC)
HollyFrontier Corp (NYSE:HFC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday. They currently have a $47.50 price target on the stock. Zacks‘s target price points to a potential downside of 3.94% from the stock’s previous close.
HFC has been the subject of a number of other recent research reports. 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.77.
HollyFrontier Corp (NYSE:HFC) traded up 0.11% on Thursday, hitting $49.505. 809,771 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 $47.56 and a 200-day moving average of $47.98. The company has a market cap of $9.798 billion and a P/E ratio of 20.93.
HollyFrontier Corp (NYSE:HFC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. 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. Shareholders 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 2.59%. The ex-dividend date of this dividend is Thursday, August 28th.
In other HollyFrontier Corp news, SVP Denise Clark Mcwatters sold 9,662 shares of HollyFrontier Corp stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $51.21, for a total value of $494,791.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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