Shares of HollyFrontier Corporation (NYSE:HFC) have received a consensus rating of “Hold” from the twenty-one brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $37.61.
Several brokerages have recently issued reports on HFC. Macquarie reaffirmed an “underperform” rating on shares of HollyFrontier Corporation in a report on Monday, October 23rd. Barclays PLC raised their price objective on HollyFrontier Corporation from $47.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday. BidaskClub upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) upgraded HollyFrontier Corporation from a “sell” rating to a “neutral” rating and set a $26.00 target price on the stock in a research report on Thursday, November 2nd. Finally, Tudor Pickering raised HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 9th.
HollyFrontier Corporation (NYSE:HFC) traded up $0.91 during midday trading on Monday, reaching $43.80. 2,352,614 shares of the company’s stock traded hands, compared to its average volume of 2,808,733. HollyFrontier Corporation has a 1-year low of $23.46 and a 1-year high of $44.10. The stock has a market capitalization of $7,594.38, a P/E ratio of 27.64, a PEG ratio of 2.06 and a beta of 1.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00.
HollyFrontier Corporation (NYSE:HFC) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.18%. The business’s revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. equities research analysts expect that HollyFrontier Corporation will post 2.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.32 annualized dividend and a dividend yield of 3.01%. HollyFrontier Corporation’s dividend payout ratio is currently 69.47%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its position in HollyFrontier Corporation by 0.7% in the second quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 71 shares during the period. Sheaff Brock Investment Advisors LLC grew its position in HollyFrontier Corporation by 1.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 100 shares in the last quarter. World Asset Management Inc grew its holdings in shares of HollyFrontier Corporation by 1.1% during the 2nd quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock valued at $434,000 after acquiring an additional 173 shares in the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of HollyFrontier Corporation in the 2nd quarter valued at $204,000. Finally, Toronto Dominion Bank lifted its stake in shares of HollyFrontier Corporation by 6.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.
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HollyFrontier Corporation 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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