HollyFrontier (HFC) Set to Announce Quarterly Earnings on Wednesday

HollyFrontier (NYSE:HFC) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.71 per share for the quarter.

HollyFrontier (NYSE:HFC) opened at $45.26 on Wednesday. The stock has a market capitalization of $8,020.00, a P/E ratio of 23.82, a PEG ratio of 1.23 and a beta of 1.12. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41. HollyFrontier has a twelve month low of $23.46 and a twelve month high of $53.21.

HFC has been the subject of several recent analyst reports. Cowen reaffirmed a “hold” rating and issued a $30.00 target price on shares of HollyFrontier in a report on Tuesday, October 17th. 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 report on Tuesday, October 17th. Bank of America lowered HollyFrontier from a “neutral” rating to an “underperform” rating in a report on Friday, December 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $58.00 target price on shares of HollyFrontier in a report on Tuesday, January 30th. Finally, ValuEngine raised HollyFrontier from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. HollyFrontier currently has a consensus rating of “Hold” and an average price target of $42.93.

In other HollyFrontier news, Director Michael Jennings sold 4,500 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. Following the sale, the director now owns 49,717 shares in the company, valued at $2,212,406.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP James M. Stump sold 30,000 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total value of $1,536,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,649 shares of company stock worth $3,515,728. 0.51% of the stock is owned by company insiders.

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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).

Earnings History for HollyFrontier (NYSE:HFC)

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