Credit Suisse Group assumed coverage on shares of HollyFrontier (NYSE:HFC) in a research report issued on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the oil and gas company’s stock.
Other equities research analysts have also issued reports about the company. TheStreet upgraded HollyFrontier from a “c+” rating to a “b” rating in a research note on Wednesday, November 1st. Scotiabank restated a “buy” rating and set a $39.00 price target on shares of HollyFrontier in a research note on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $42.00 target price on shares of HollyFrontier in a research report on Wednesday, October 18th. Tudor Pickering raised HollyFrontier from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research raised 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.67.
Shares of HollyFrontier (NYSE:HFC) opened at $51.30 on Wednesday. The company has a market capitalization of $9,090.00, a PE ratio of 27.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. HollyFrontier has a 12 month low of $23.46 and a 12 month high of $52.06.
In other HollyFrontier news, SVP James M. Stump sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Jennings sold 4,500 shares of the 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 in the company, valued at approximately $2,212,406.50. The disclosure for this sale can be found here. Insiders sold 69,649 shares of company stock valued at $3,515,728 in the last three months. 0.51% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. bought a new position in HollyFrontier during the 2nd quarter worth approximately $204,000. Toronto Dominion Bank lifted its holdings in HollyFrontier by 6.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after buying an additional 235 shares during the last quarter. FNY Managed Accounts LLC bought a new position in HollyFrontier during the 3rd quarter worth approximately $163,000. Ffcm LLC lifted its holdings in HollyFrontier by 2,500.0% during the 2nd quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock worth $130,000 after buying an additional 4,450 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in HollyFrontier during the 3rd quarter worth approximately $216,000. 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).
