Shares of HollyFrontier Corp (NYSE:HFC) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $58.52.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Co lifted their target price on HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th.
NYSE:HFC traded down $0.60 during midday trading on Friday, reaching $54.14. The company had a trading volume of 1,138,765 shares, compared to its average volume of 2,054,286. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.10 and a beta of 1.45. The stock’s fifty day simple moving average is $54.26 and its 200-day simple moving average is $47.80. HollyFrontier has a 12-month low of $37.73 and a 12-month high of $65.30. The company has a current ratio of 2.07, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.
HollyFrontier (NYSE:HFC) last released its earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.25. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.20 billion. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. HollyFrontier’s revenue was down 7.3% compared to the same quarter last year. During the same period last year, the business posted $1.98 earnings per share. As a group, sell-side analysts expect that HollyFrontier will post 5.02 EPS for the current year.
In related news, SVP Thomas G. Creery sold 5,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $57.50, for a total value of $287,500.00. Following the transaction, the senior vice president now owns 90,004 shares in the company, valued at approximately $5,175,230. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. purchased a new stake in HollyFrontier in the 3rd quarter valued at approximately $25,000. Cornerstone Advisors Inc. boosted its stake in shares of HollyFrontier by 66.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 526 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 210 shares in the last quarter. Amica Retiree Medical Trust purchased a new stake in shares of HollyFrontier during the 2nd quarter worth approximately $31,000. Bridger Capital Management LLC purchased a new stake in shares of HollyFrontier during the 3rd quarter worth approximately $34,000. Finally, AdvisorNet Financial Inc purchased a new stake in shares of HollyFrontier during the 2nd quarter worth approximately $39,000. 84.16% 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.
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