HollyFrontier Corp. (NYSE:HFC)’s share price was down 2.9% on Tuesday . The company traded as low as $25.01 and last traded at $25.06, with a volume of 1,343,954 shares. The stock had previously closed at $25.82.

A number of equities analysts recently weighed in on HFC shares. Zacks Investment Research downgraded shares of HollyFrontier Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Piper Jaffray Cos. lifted their target price on shares of HollyFrontier Corp. from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, August 22nd. Vetr raised shares of HollyFrontier Corp. from a “hold” rating to a “buy” rating and set a $27.50 target price for the company in a research note on Monday, August 22nd. Deutsche Bank AG downgraded shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $53.00 to $30.00 in a research note on Tuesday, July 12th. Finally, Simmons reissued a “neutral” rating and set a $24.00 target price (up previously from $20.00) on shares of HollyFrontier Corp. in a research note on Friday, August 5th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.09.

The firm has a 50-day moving average of $26.01 and a 200-day moving average of $28.80. The stock’s market cap is $4.36 billion.

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HollyFrontier Corp. (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.35 billion. HollyFrontier Corp. had a negative net margin of 2.09% and a positive return on equity of 8.00%. The company’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 EPS. On average, equities analysts predict that HollyFrontier Corp. will post $0.80 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Tuesday, August 23rd will be given a $0.33 dividend. The ex-dividend date is Friday, August 19th. This represents a $1.32 annualized dividend and a dividend yield of 5.32%. HollyFrontier Corp.’s dividend payout ratio is -93.62%.

Several large investors have recently bought and sold shares of HFC. Assetmark Inc. bought a new stake in HollyFrontier Corp. during the second quarter valued at approximately $113,000. Bellwether Investment Group LLC bought a new stake in HollyFrontier Corp. during the second quarter valued at approximately $139,000. Northwestern Mutual Wealth Management Co. boosted its stake in HollyFrontier Corp. by 143.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,869 shares of the company’s stock valued at $164,000 after buying an additional 4,049 shares in the last quarter. Van ECK Associates Corp boosted its stake in HollyFrontier Corp. by 8.9% in the second quarter. Van ECK Associates Corp now owns 8,065 shares of the company’s stock valued at $192,000 after buying an additional 660 shares in the last quarter. Finally, GAM Holding AG boosted its stake in HollyFrontier Corp. by 70.2% in the second quarter. GAM Holding AG now owns 8,296 shares of the company’s stock valued at $197,000 after buying an additional 3,421 shares in the last quarter. 83.90% of the stock is owned by hedge funds and other institutional investors.

About HollyFrontier Corp.

HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.

5 Day Chart for NYSE:HFC

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