TheStreet Upgrades HollyFrontier Corporation (HFC) to “B”
HollyFrontier Corporation (NYSE:HFC) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Wednesday.
Several other analysts have also commented on HFC. Simmons reissued a “neutral” rating and set a $25.00 price target (down from $27.00) on shares of HollyFrontier Corporation in a research report on Wednesday, July 12th. BidaskClub lowered shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Scotiabank raised shares of HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada increased their price target on shares of HollyFrontier Corporation from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.39.
HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.25. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.23%. The company’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share.
A number of large investors have recently modified their holdings of HFC. AT Bancorp acquired a new stake in shares of HollyFrontier Corporation during the 2nd quarter worth approximately $104,000. Toronto Dominion Bank grew its stake in shares of HollyFrontier Corporation by 11.3% during the 1st quarter. Toronto Dominion Bank now owns 3,759 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 382 shares during the period. Assetmark Inc. purchased a new position in shares of HollyFrontier Corporation during the 2nd quarter valued at approximately $113,000. Mn Services Vermogensbeheer B.V. lifted its position in shares of HollyFrontier Corporation by 5.6% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 4,472 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 236 shares in the last quarter. Finally, Ffcm LLC lifted its position in shares of HollyFrontier Corporation by 2,500.0% during the 2nd quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 4,450 shares in the last quarter. 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).
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