HollyFrontier (NYSE:HFC)‘s stock had its “hold” rating restated by stock analysts at Piper Jaffray Companies in a research report issued to clients and investors on Friday, November 17th. They currently have a $38.00 price target on the oil and gas company’s stock. Piper Jaffray Companies’ target price points to a potential downside of 14.24% from the stock’s current price.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, October 17th. Cowen reaffirmed a “hold” rating and set a $30.00 target price on shares of HollyFrontier in a research note on Tuesday, October 17th. J P Morgan Chase & Co cut HollyFrontier from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $33.00 to $34.00 in a research report on Friday, October 6th. BidaskClub cut HollyFrontier from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada boosted their price target on HollyFrontier from $42.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.59.
Shares of HollyFrontier (NYSE:HFC) traded up $0.06 during midday trading on Friday, reaching $44.31. The company had a trading volume of 3,207,753 shares, compared to its average volume of 2,803,315. The stock has a market capitalization of $7,850.00, a price-to-earnings ratio of 28.55, a P/E/G ratio of 2.04 and a beta of 1.30. HollyFrontier has a 52-week low of $23.46 and a 52-week high of $45.33. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.
HollyFrontier (NYSE:HFC) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.25. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. HollyFrontier’s revenue for the quarter was up 30.6% on a year-over-year basis. sell-side analysts anticipate that HollyFrontier will post 2.17 earnings per share for the current year.
In related news, Director Michael Jennings sold 4,500 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. Following the transaction, the director now owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of HollyFrontier by 129.6% during the 2nd quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock worth $115,495,000 after acquiring an additional 2,373,560 shares in the last quarter. American Century Companies Inc. grew its stake in HollyFrontier by 148.2% during the 3rd quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock worth $57,682,000 after buying an additional 957,494 shares during the last quarter. Kempen Capital Management N.V. purchased a new position in HollyFrontier during the 2nd quarter worth approximately $24,366,000. Cornerstone Capital Management Holdings LLC. grew its stake in HollyFrontier by 741.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company’s stock worth $27,582,000 after buying an additional 884,754 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in HollyFrontier by 1,974.5% during the 2nd quarter. Janus Henderson Group PLC now owns 638,955 shares of the oil and gas company’s stock worth $17,552,000 after buying an additional 608,155 shares during the last quarter. 83.31% of the stock is currently owned by institutional investors.
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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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