HollyFrontier (NYSE:HFC) has been assigned a $54.00 target price by equities researchers at Morgan Stanley in a research note issued to investors on Friday, TipRanks reports. The brokerage presently has a “hold” rating on the oil and gas company’s stock. Morgan Stanley’s target price indicates a potential upside of 25.76% from the company’s previous close.
A number of other equities research analysts also recently weighed in on HFC. Jefferies Financial Group restated a “hold” rating and set a $49.00 price target on shares of HollyFrontier in a research report on Tuesday, January 29th. Zacks Investment Research downgraded HollyFrontier from a “hold” rating to a “strong sell” rating in a research report on Monday, February 4th. Tudor Pickering downgraded HollyFrontier from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Barclays restated a “buy” rating and set a $83.00 price target on shares of HollyFrontier in a research report on Thursday, February 21st. Finally, Royal Bank of Canada restated a “buy” rating and set a $66.00 price target on shares of HollyFrontier in a research report on Friday, February 22nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $66.98.
NYSE:HFC traded down $1.75 during trading hours on Friday, hitting $42.94. 1,839,085 shares of the company’s stock traded hands, compared to its average volume of 2,225,948. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 6.67, a P/E/G ratio of 0.91 and a beta of 1.13. HollyFrontier has a 52 week low of $42.19 and a 52 week high of $83.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.99 and a current ratio of 1.99.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.18. HollyFrontier had a return on equity of 16.86% and a net margin of 6.19%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts forecast that HollyFrontier will post 4.69 earnings per share for the current fiscal year.
In related news, Director Franklin Myers acquired 2,900 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average price of $42.78 per share, for a total transaction of $124,062.00. Following the completion of the acquisition, the director now owns 22,489 shares in the company, valued at $962,079.42. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Jennings sold 9,000 shares of HollyFrontier stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $55.27, for a total value of $497,430.00. Following the completion of the transaction, the director now owns 18,899 shares in the company, valued at approximately $1,044,547.73. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. increased its holdings in HollyFrontier by 126.6% during the 4th quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 295 shares during the period. We Are One Seven LLC purchased a new position in HollyFrontier during the 4th quarter valued at about $37,000. Quantamental Technologies LLC purchased a new position in HollyFrontier during the 1st quarter valued at about $40,000. Clarus Wealth Advisors purchased a new position in HollyFrontier during the 1st quarter valued at about $43,000. Finally, Pinnacle Financial Partners Inc. purchased a new position in HollyFrontier during the 1st quarter valued at about $49,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.
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: Is the QQQ ETF safe?
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.