HollyFrontier Corporation (HFC) Rating Reiterated by Macquarie
HollyFrontier Corporation (NYSE:HFC)‘s stock had its “underperform” rating reissued by investment analysts at Macquarie in a report released on Monday.
Several other equities analysts also recently weighed in on HFC. Cowen and Company reiterated a “hold” rating and issued a $30.00 target price on shares of HollyFrontier Corporation in a research note on Tuesday, October 17th. Barclays PLC reiterated an “overweight” rating and issued a $39.00 target price (up previously from $37.00) on shares of HollyFrontier Corporation in a research note on Wednesday, August 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of HollyFrontier Corporation in a research note on Wednesday, August 9th. BidaskClub downgraded shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Scotiabank upgraded shares of HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. HollyFrontier Corporation presently has a consensus rating of “Hold” and a consensus price target of $34.62.
Shares of HollyFrontier Corporation (NYSE HFC) traded down 0.63% on Monday, hitting $36.04. 326,227 shares of the company’s stock were exchanged. HollyFrontier Corporation has a 12 month low of $22.63 and a 12 month high of $37.00. The firm has a market cap of $6.32 billion, a P/E ratio of 45.74 and a beta of 1.23. The stock’s 50 day moving average is $34.68 and its 200 day moving average is $29.33.
HollyFrontier Corporation (NYSE:HFC) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.20. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The company’s revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. On average, equities analysts predict that HollyFrontier Corporation will post $1.73 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in HFC. AT Bancorp purchased a new position in HollyFrontier Corporation in the 2nd quarter worth approximately $104,000. Toronto Dominion Bank grew its stake in HollyFrontier Corporation by 6.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after buying an additional 235 shares in the last quarter. Ffcm LLC grew its stake in HollyFrontier Corporation by 2,500.0% in the 2nd quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock worth $130,000 after buying an additional 4,450 shares in the last quarter. IFP Advisors Inc grew its stake in HollyFrontier Corporation by 304.6% in the 2nd quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock worth $134,000 after buying an additional 3,674 shares in the last quarter. Finally, GLG Partners LP purchased a new position in HollyFrontier Corporation in the 2nd quarter worth approximately $202,000. 82.17% of the stock is owned by institutional investors and hedge funds.
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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