HollyFrontier Corporation (HFC) Receives Average Rating of “Hold” from Brokerages
HollyFrontier Corporation (NYSE:HFC) has been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $36.89.
Several research analysts recently issued reports on the company. TheStreet raised HollyFrontier Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada raised their target price on HollyFrontier Corporation from $42.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Scotiabank reaffirmed a “buy” rating and set a $39.00 target price on shares of HollyFrontier Corporation in a research report on Wednesday, November 1st. Goldman Sachs Group, Inc. (The) raised HollyFrontier Corporation from a “sell” rating to a “neutral” rating and set a $26.00 target price for the company in a research report on Thursday, November 2nd. Finally, Barclays PLC assumed coverage on HollyFrontier Corporation in a research report on Thursday, November 2nd. They set an “overweight” rating and a $47.00 target price for the company.
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A number of institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. increased its position in HollyFrontier Corporation by 0.7% in the 2nd quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock valued at $299,000 after buying an additional 71 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in HollyFrontier Corporation by 1.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 100 shares during the last quarter. World Asset Management Inc boosted its stake in HollyFrontier Corporation by 1.1% during the 2nd quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock valued at $434,000 after purchasing an additional 173 shares during the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new position in HollyFrontier Corporation during the 2nd quarter valued at about $204,000. Finally, Toronto Dominion Bank boosted its stake in HollyFrontier Corporation by 6.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 235 shares during the last quarter. 81.18% of the stock is owned by institutional investors and hedge funds.
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 Thomson Reuters’ consensus estimate of $0.89 by $0.25. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the business posted $0.42 EPS. HollyFrontier Corporation’s revenue for the quarter was up 30.6% on a year-over-year basis. equities research analysts anticipate that HollyFrontier Corporation will post 2.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Monday, November 20th. HollyFrontier Corporation’s payout ratio is 69.47%.
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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