HollyFrontier Corporation (NYSE:HFC) had its price objective increased by equities research analysts at Oppenheimer Holdings, Inc. to $47.00 in a research note issued to investors on Thursday. The firm presently has a “neutral” rating on the oil and gas company’s stock. Oppenheimer Holdings, Inc.’s target price would suggest a potential upside of 27.20% from the company’s previous close.

A number of other equities analysts also recently commented on HFC. Simmons reiterated a “neutral” rating and issued a $25.00 target price (down from $27.00) on shares of HollyFrontier Corporation in a report on Wednesday, July 12th. BidaskClub downgraded shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Scotiabank upgraded shares of HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of HollyFrontier Corporation from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $35.89.

HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share.

TRADEMARK VIOLATION WARNING: This article was published by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/11/02/hollyfrontier-corporation-hfc-pt-raised-to-47-00.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in HollyFrontier Corporation by 7,017.5% in the 1st quarter. BlackRock Inc. now owns 21,293,640 shares of the oil and gas company’s stock worth $603,462,000 after purchasing an additional 20,994,466 shares in the last quarter. Vanguard Group Inc. boosted its position in HollyFrontier Corporation by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock worth $435,236,000 after purchasing an additional 260,132 shares in the last quarter. BlackRock Fund Advisors boosted its position in HollyFrontier Corporation by 2.7% in the 1st quarter. BlackRock Fund Advisors now owns 9,338,206 shares of the oil and gas company’s stock worth $329,825,000 after purchasing an additional 249,872 shares in the last quarter. State Street Corp boosted its position in HollyFrontier Corporation by 3.9% in the 2nd quarter. State Street Corp now owns 8,194,765 shares of the oil and gas company’s stock worth $225,091,000 after purchasing an additional 311,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in HollyFrontier Corporation by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,412,302 shares of the oil and gas company’s stock worth $148,687,000 after purchasing an additional 116,502 shares in the last quarter. Hedge funds and other institutional investors own 82.27% of the company’s stock.

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)

Receive News & Ratings for HollyFrontier Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier Corporation and related companies with MarketBeat.com's FREE daily email newsletter.