HollyFrontier Corporation (HFC) Given Average Recommendation of “Hold” by Analysts

Shares of HollyFrontier Corporation (NYSE:HFC) have been given a consensus rating of “Hold” by the twenty-two brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.71.

A number of analysts recently weighed in on HFC shares. Royal Bank Of Canada restated a “buy” rating and issued a $38.00 target price on shares of HollyFrontier in a research report on Friday, September 8th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, October 17th. Argus upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, November 20th. Barclays restated an “overweight” rating and issued a $40.00 target price (up previously from $39.00) on shares of HollyFrontier in a research report on Tuesday, October 10th. Finally, Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research report on Monday, October 9th.

In other HollyFrontier news, Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $44.50, for a total value of $200,250.00. Following the transaction, the director now directly owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wedbush Securities Inc. increased its stake in shares of HollyFrontier by 0.7% during the second 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 during the period. Sheaff Brock Investment Advisors LLC increased its stake in shares of HollyFrontier by 1.3% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 100 shares during the period. World Asset Management Inc increased its stake in shares of HollyFrontier by 1.1% during the second quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 173 shares during the period. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of HollyFrontier during the second quarter valued at approximately $204,000. Finally, Toronto Dominion Bank increased its stake in shares of HollyFrontier by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 235 shares during the period. 83.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HollyFrontier (NYSE HFC) traded up $0.37 on Friday, hitting $45.69. The stock had a trading volume of 1,926,600 shares, compared to its average volume of 2,800,409. The company has a market cap of $7,995.02, a P/E ratio of 29.10, a PEG ratio of 1.98 and a beta of 1.31. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. HollyFrontier has a 12-month low of $23.46 and a 12-month high of $46.16.

HollyFrontier (NYSE:HFC) last released its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. HollyFrontier’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. equities research analysts expect that HollyFrontier will post 2.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be paid a $0.33 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a yield of 2.89%. HollyFrontier’s dividend payout ratio (DPR) is currently 69.47%.

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HollyFrontier 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 (NYSE:HFC)

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