Cowen reaffirmed their market perform rating on shares of HollyFrontier (NYSE:HFC) in a report issued on Friday. The firm currently has a $38.00 price target on the oil and gas company’s stock, up from their prior price target of $35.00.
Several other equities research analysts have also commented on HFC. BidaskClub lowered HollyFrontier from a buy rating to a hold rating in a research note on Friday, August 11th. Scotiabank restated a buy rating and set a $33.00 price target on shares of HollyFrontier in a research note on Friday, September 8th. Royal Bank Of Canada restated a buy rating and set a $38.00 price target on shares of HollyFrontier in a research note on Friday, September 8th. Howard Weil upped their price target on HollyFrontier from $33.00 to $39.00 and gave the stock a focus list rating in a research note on Thursday, September 28th. Finally, J P Morgan Chase & Co lowered HollyFrontier from a neutral rating to an underweight rating and upped their price target for the stock from $33.00 to $34.00 in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. HollyFrontier currently has a consensus rating of Hold and an average target price of $39.73.
Shares of HollyFrontier (NYSE HFC) traded up $0.37 during trading hours on Friday, reaching $45.69. The company’s stock had a trading volume of 1,917,059 shares, compared to its average volume of 2,507,061. The firm has a market capitalization of $8,034.02, a price-to-earnings ratio of 29.24, a PEG ratio of 1.99 and a beta of 1.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. HollyFrontier has a 12 month low of $23.46 and a 12 month high of $46.16.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The firm’s revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. research analysts predict that HollyFrontier will post 2.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st will be paid a $0.33 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.89%. HollyFrontier’s dividend payout ratio (DPR) is currently 69.47%.
In other 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 value of $200,250.00. Following the completion of the sale, the director now owns 49,717 shares in the company, valued at $2,212,406.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.51% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank boosted its holdings in HollyFrontier by 6.3% in the second 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. Ffcm LLC boosted its holdings in HollyFrontier by 2,500.0% in the second quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 4,450 shares during the last quarter. IFP Advisors Inc boosted its holdings in HollyFrontier by 304.6% in the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 3,674 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in HollyFrontier in the third quarter valued at about $163,000. Finally, GLG Partners LP purchased a new position in HollyFrontier in the second quarter valued at about $202,000. Institutional investors and hedge funds own 83.31% of the company’s stock.
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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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