HollyFrontier (NYSE:HFC)‘s stock had its “underweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a report released on Tuesday. They currently have a $46.00 target price on the oil and gas company’s stock, down from their prior target price of $48.00. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 0.86% from the company’s previous close.
A number of other research firms have also weighed in on HFC. Cowen upped their price objective on HollyFrontier from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 21st. Bank of America lowered HollyFrontier from a “neutral” rating to an “underperform” rating in a research note on Friday, December 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $58.00 price objective on shares of HollyFrontier in a research note on Tuesday, January 30th. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Friday, January 19th. Finally, Howard Weil lowered HollyFrontier from a “focus list” rating to an “outperform” rating in a research note on Friday, December 22nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.20.
HollyFrontier (HFC) traded up $0.26 during trading hours on Tuesday, reaching $46.40. The company’s stock had a trading volume of 512,379 shares, compared to its average volume of 2,426,761. HollyFrontier has a twelve month low of $23.46 and a twelve month high of $53.21. The company has a quick ratio of 1.01, a current ratio of 2.15 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $8,180.00, a price-to-earnings ratio of 16.70, a PEG ratio of 1.28 and a beta of 1.17.
In related 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. Following the completion of the transaction, the senior vice president now directly owns 41,849 shares of the company’s stock, valued at $2,143,087.29. The sale was disclosed in a filing with the SEC, which is available through this link. 0.51% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Sandy Spring Bank purchased a new stake in HollyFrontier during the fourth quarter valued at approximately $114,000. NuWave Investment Management LLC purchased a new stake in HollyFrontier during the fourth quarter valued at approximately $133,000. Garrison Financial Corp purchased a new stake in HollyFrontier during the fourth quarter valued at approximately $203,000. Peregrine Asset Advisers Inc. purchased a new stake in HollyFrontier during the fourth quarter valued at approximately $205,000. Finally, Lourd Capital LLC purchased a new stake in HollyFrontier during the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 86.08% of the company’s stock.
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).
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