HollyFrontier Corporation (NYSE:HFC) Receives Average Recommendation of “Hold” from Analysts
Shares of HollyFrontier Corporation (NYSE:HFC) have been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $32.95.
A number of research firms have weighed in on HFC. BidaskClub upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Barclays PLC upped their target price on HollyFrontier Corporation from $58.00 to $63.00 and gave the stock a “hold” rating in a report on Monday, April 17th. Scotiabank set a $29.00 target price on HollyFrontier Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. Credit Suisse Group lowered HollyFrontier Corporation from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $30.00 to $33.00 in a report on Thursday, May 4th. Finally, US Capital Advisors restated a “hold” rating on shares of HollyFrontier Corporation in a report on Monday, May 22nd.
Several institutional investors have recently modified their holdings of HFC. Russell Investments Group Ltd. acquired a new position in shares of HollyFrontier Corporation during the fourth quarter worth about $2,246,000. GSA Capital Partners LLP acquired a new position in shares of HollyFrontier Corporation during the fourth quarter worth about $213,000. Janus Capital Management LLC increased its position in shares of HollyFrontier Corporation by 15.4% in the fourth quarter. Janus Capital Management LLC now owns 41,654 shares of the oil and gas company’s stock worth $1,365,000 after buying an additional 5,554 shares during the last quarter. Norges Bank acquired a new position in shares of HollyFrontier Corporation during the fourth quarter worth about $73,137,000. Finally, Quadrature Capital Ltd acquired a new position in shares of HollyFrontier Corporation during the fourth quarter worth about $818,000. 84.44% of the stock is currently owned by institutional investors and hedge funds.
HollyFrontier Corporation (NYSE:HFC) traded down 0.40% on Tuesday, reaching $27.21. The company had a trading volume of 1,628,358 shares. HollyFrontier Corporation has a 52 week low of $22.13 and a 52 week high of $34.78. The company’s market capitalization is $4.78 billion. The stock’s 50-day moving average is $26.01 and its 200-day moving average is $28.39.
HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.08. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.66 billion. HollyFrontier Corporation had a negative net margin of 2.82% and a positive return on equity of 1.37%. The firm’s revenue for the quarter was up 52.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. Equities research analysts forecast that HollyFrontier Corporation will post $1.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 23rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Friday, May 19th. HollyFrontier Corporation’s payout ratio is presently -70.59%.
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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