Equities research analysts forecast that HollyFrontier Corp (NYSE:HFC) will announce $1.60 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for HollyFrontier’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.99. HollyFrontier reported earnings of $0.70 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 128.6%. The company is expected to report its next quarterly earnings report on Wednesday, February 20th.
According to Zacks, analysts expect that HollyFrontier will report full year earnings of $5.72 per share for the current financial year, with EPS estimates ranging from $4.91 to $5.97. For the next year, analysts expect that the firm will report earnings of $7.84 per share, with EPS estimates ranging from $5.94 to $11.77. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for HollyFrontier.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.32. HollyFrontier had a return on equity of 13.94% and a net margin of 8.51%. The firm had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The company’s revenue was up 28.3% on a year-over-year basis.
Several research analysts have recently weighed in on the company. Royal Bank of Canada restated a “buy” rating and issued a $70.00 price target on shares of HollyFrontier in a research note on Friday, August 3rd. Mizuho assumed coverage on HollyFrontier in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $75.00 price target for the company. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Thursday, July 19th. Morgan Stanley boosted their price target on HollyFrontier from $75.00 to $82.00 and gave the stock a “hold” rating in a research note on Monday, July 16th. Finally, US Capital Advisors upgraded HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $71.38.
A number of institutional investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH grew its holdings in HollyFrontier by 3.6% during the first quarter. Allianz Asset Management GmbH now owns 147,666 shares of the oil and gas company’s stock valued at $7,215,000 after purchasing an additional 5,076 shares during the period. IFM Investors Pty Ltd grew its holdings in HollyFrontier by 37.6% during the second quarter. IFM Investors Pty Ltd now owns 8,421 shares of the oil and gas company’s stock valued at $576,000 after purchasing an additional 2,301 shares during the period. State of Alaska Department of Revenue grew its holdings in HollyFrontier by 89.2% during the second quarter. State of Alaska Department of Revenue now owns 26,330 shares of the oil and gas company’s stock valued at $1,800,000 after purchasing an additional 12,410 shares during the period. Xact Kapitalforvaltning AB grew its holdings in HollyFrontier by 47.8% during the second quarter. Xact Kapitalforvaltning AB now owns 29,248 shares of the oil and gas company’s stock valued at $2,001,000 after purchasing an additional 9,455 shares during the period. Finally, Raymond James Trust N.A. bought a new stake in HollyFrontier during the second quarter valued at about $246,000. Institutional investors own 87.65% of the company’s stock.
HFC stock opened at $64.70 on Friday. HollyFrontier has a 1-year low of $41.68 and a 1-year high of $83.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.50 and a quick ratio of 1.30. The firm has a market capitalization of $11.81 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.
HollyFrontier Company Profile
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.
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