HollyFrontier Corporation (NYSE:HFC)‘s stock had its “buy” rating reiterated by stock analysts at Scotiabank in a note issued to investors on Friday. They currently have a $33.00 price target on the oil and gas company’s stock. Scotiabank’s target price would indicate a potential upside of 3.48% from the stock’s current price.

Several other equities research analysts have also recently issued reports on HFC. Barclays PLC reissued an “overweight” rating and issued a $39.00 price objective (up from $37.00) on shares of HollyFrontier Corporation in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $38.00 price objective (up from $36.00) on shares of HollyFrontier Corporation in a research report on Wednesday, August 9th. BidaskClub cut shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Simmons reissued a “neutral” rating and issued a $25.00 price objective (down from $27.00) on shares of HollyFrontier Corporation in a research report on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $31.15.

Shares of HollyFrontier Corporation (NYSE:HFC) traded up 1.03% during mid-day trading on Friday, reaching $32.22. 931,512 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $29.38 and a 200 day moving average price of $27.70. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 40.89 and a beta of 1.21. HollyFrontier Corporation has a 12-month low of $22.63 and a 12-month high of $34.78.

HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.20. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. Analysts anticipate that HollyFrontier Corporation will post $1.40 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Wedbush Securities Inc. lifted its position in HollyFrontier Corporation by 0.7% during the second quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock valued at $299,000 after acquiring an additional 71 shares during the last quarter. Utah Retirement Systems lifted its position in HollyFrontier Corporation by 0.3% during the first quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock valued at $838,000 after acquiring an additional 100 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in HollyFrontier Corporation by 1.3% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 100 shares during the last quarter. Genesee Valley Trust Co. lifted its position in HollyFrontier Corporation by 0.6% during the third quarter. Genesee Valley Trust Co. now owns 21,791 shares of the oil and gas company’s stock valued at $534,000 after acquiring an additional 129 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services lifted its position in HollyFrontier Corporation by 0.4% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 32,830 shares of the oil and gas company’s stock valued at $780,000 after acquiring an additional 133 shares during the last quarter. 83.84% of the stock is owned by institutional investors.

HollyFrontier Corporation Company Profile

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).

Analyst Recommendations for HollyFrontier Corporation (NYSE:HFC)

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