HollyFrontier (NYSE:HFC) was downgraded by equities research analysts at Tudor Pickering from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.
Several other research analysts have also recently issued reports on the company. Jefferies Financial Group raised HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 target price on the stock in a research report on Tuesday, October 16th. Zacks Investment Research cut HollyFrontier from a “hold” rating to a “strong sell” rating in a research report on Monday. Cowen set a $76.00 price objective on HollyFrontier and gave the stock a “hold” rating in a research note on Monday, December 3rd. JPMorgan Chase & Co. raised their price objective on HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 14th. Finally, US Capital Advisors raised HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $73.62.
Shares of NYSE:HFC opened at $54.76 on Friday. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.50. HollyFrontier has a 52-week low of $42.42 and a 52-week high of $83.28.
In related news, Director Robert J. Kostelnik sold 1,500 shares of HollyFrontier stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $61.62, for a total transaction of $92,430.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.57% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of HFC. We Are One Seven LLC bought a new stake in HollyFrontier in the 4th quarter worth approximately $37,000. Financial Gravity Companies Inc. bought a new stake in HollyFrontier in the 4th quarter worth approximately $65,000. Ipswich Investment Management Co. Inc. bought a new stake in HollyFrontier in the 4th quarter worth approximately $66,000. Oregon Public Employees Retirement Fund increased its stake in HollyFrontier by 3,730.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,828,019 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 3,728,093 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in HollyFrontier by 117.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,878 shares of the oil and gas company’s stock worth $96,000 after acquiring an additional 1,016 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.
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.
Read More: What are the most popular ETFs
Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.