HollyFrontier (NYSE:HFC) was downgraded by equities research analysts at Howard Weil from a “focus list” rating to an “outperform” rating in a research note issued on Friday.
Several other brokerages also recently issued reports on HFC. Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, December 13th. Bank of America downgraded shares of HollyFrontier from a “neutral” rating to an “underperform” rating in a research note on Friday, December 8th. Cowen reaffirmed a “market perform” rating and set a $38.00 price target (up previously from $35.00) on shares of HollyFrontier in a research note on Friday, December 8th. Tudor Pickering downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Finally, Argus raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.67.
Shares of HollyFrontier (NYSE HFC) traded up $0.69 during midday trading on Friday, reaching $50.15. 2,202,700 shares of the company’s stock traded hands, compared to its average volume of 2,789,284. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $8,767.93, a P/E ratio of 31.91, a P/E/G ratio of 2.08 and a beta of 1.31. HollyFrontier has a twelve month low of $23.46 and a twelve month high of $50.55.
In related news, Director James H. Lee sold 5,149 shares of HollyFrontier stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total transaction of $242,878.33. Following the transaction, the director now directly owns 52,240 shares of the company’s stock, valued at $2,464,160.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total transaction of $200,250.00. Following the transaction, the director now directly owns 49,717 shares in the company, valued at $2,212,406.50. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in 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. Ffcm LLC grew its holdings in HollyFrontier by 2,500.0% in the second quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 4,450 shares during the last quarter. IFP Advisors Inc grew its holdings in HollyFrontier by 304.6% in the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 3,674 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in HollyFrontier in the third quarter worth $163,000. Finally, GLG Partners LP purchased a new position in HollyFrontier in the second quarter worth $202,000. 83.21% of the stock is currently owned by institutional investors.
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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).
