HollyFrontier Corporation (NYSE:HFC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price objective on shares of HollyFrontier Corporation in a research note on Friday, September 8th. Scotiabank reiterated a “buy” rating and set a $33.00 price objective on shares of HollyFrontier Corporation in a research note on Friday, September 8th. BidaskClub upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Tudor Pickering upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven 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 price target of $36.39.

HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.25. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.23%. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The company’s revenue was up 30.6% compared to the same quarter last year.

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Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $435,236,000 after acquiring an additional 260,132 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 valued at $225,091,000 after acquiring an additional 311,196 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $148,687,000 after acquiring an additional 116,502 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of HollyFrontier Corporation by 129.6% in the 2nd quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock valued at $115,495,000 after acquiring an additional 2,373,560 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of HollyFrontier Corporation by 8.7% in the 2nd quarter. Alliancebernstein L.P. now owns 3,776,442 shares of the oil and gas company’s stock valued at $103,739,000 after acquiring an additional 300,657 shares during the last quarter. 82.27% of the stock is currently owned by institutional investors and hedge funds.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for HollyFrontier Corporation (NYSE:HFC)

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