HollyFrontier Corporation (HFC) Upgraded at BidaskClub
HollyFrontier Corporation (NYSE:HFC) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Other research analysts have also recently issued research reports about the stock. Tudor Pickering cut shares of HollyFrontier Corporation from a “hold” rating to a “sell” rating in a report on Monday, February 27th. Zacks Investment Research cut shares of HollyFrontier Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 5th. Piper Jaffray Companies reiterated a “neutral” rating on shares of HollyFrontier Corporation in a report on Thursday, May 25th. Barclays PLC boosted their price target on shares of HollyFrontier Corporation from $58.00 to $63.00 and gave the stock a “hold” rating in a report on Monday, April 17th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price target on shares of HollyFrontier Corporation in a report on Thursday, June 15th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. HollyFrontier Corporation currently has an average rating of “Hold” and a consensus target price of $32.32.
HollyFrontier Corporation (NYSE HFC) traded up 1.95% during trading on Friday, hitting $27.15. 3,545,329 shares of the stock were exchanged. The stock’s market cap is $4.76 billion. HollyFrontier Corporation has a 12 month low of $22.07 and a 12 month high of $34.78. The stock’s 50 day moving average price is $26.06 and its 200 day moving average price is $28.60.
HollyFrontier Corporation (NYSE:HFC) last announced its earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.08. HollyFrontier Corporation had a positive return on equity of 1.37% and a negative net margin of 2.82%. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company earned $0.12 earnings per share. HollyFrontier Corporation’s quarterly revenue was up 52.6% on a year-over-year basis. Analysts forecast that HollyFrontier Corporation will post $1.30 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Tuesday, May 23rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Friday, May 19th. HollyFrontier Corporation’s dividend payout ratio is currently -70.59%.
Hedge funds have recently modified their holdings of the company. Achmea Investment Management B.V. acquired a new stake in shares of HollyFrontier Corporation during the first quarter worth $1,181,000. OLD Republic International Corp acquired a new stake in shares of HollyFrontier Corporation during the first quarter worth $11,279,000. Bank of Nova Scotia acquired a new stake in shares of HollyFrontier Corporation during the first quarter worth $6,094,000. Green Square Capital LLC boosted its stake in shares of HollyFrontier Corporation by 3.2% in the first quarter. Green Square Capital LLC now owns 183,198 shares of the oil and gas company’s stock worth $5,192,000 after buying an additional 5,676 shares in the last quarter. Finally, Platinum Investment Management Ltd. acquired a new stake in shares of HollyFrontier Corporation during the first quarter worth $20,510,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.
About HollyFrontier Corporation
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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