HollyFrontier (NYSE:HFC) Coverage Initiated by Analysts at Credit Suisse Group

Equities research analysts at Credit Suisse Group initiated coverage on shares of HollyFrontier (NYSE:HFC) in a report released on Wednesday, January 3rd, MarketBeat reports. The firm set a “neutral” rating and a $51.00 price target on the oil and gas company’s stock. Credit Suisse Group’s price objective would indicate a potential downside of 0.97% from the stock’s previous close.

Several other research firms have also recently commented on HFC. Cowen restated a “hold” rating and set a $30.00 price target on shares of HollyFrontier in a report on Tuesday, October 17th. Scotiabank upgraded shares of HollyFrontier from an “outperform” rating to a “focus stock” rating and raised their price target for the stock from $33.00 to $39.00 in a report on Saturday, September 30th. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, October 17th. Bank of America lowered shares of HollyFrontier from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Finally, ValuEngine raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. HollyFrontier has a consensus rating of “Hold” and an average target price of $42.71.

Shares of HollyFrontier (NYSE HFC) traded up $0.22 on Wednesday, hitting $51.50. 2,083,100 shares of the company’s stock traded hands, compared to its average volume of 2,101,425. HollyFrontier has a one year low of $23.46 and a one year high of $52.07. The firm has a market capitalization of $9,310.00, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. 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 (NYSE:HFC) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. sell-side analysts forecast that HollyFrontier will post 2.38 EPS for the current year.

In related news, Director James H. Lee sold 5,149 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total transaction of $242,878.33. Following the transaction, the director now owns 52,240 shares of the company’s stock, valued at $2,464,160.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James M. Stump sold 30,000 shares of the business’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. Following the transaction, the senior vice president now directly owns 41,849 shares in the company, valued at approximately $2,143,087.29. The disclosure for this sale can be found here. In the last three months, insiders sold 69,649 shares of company stock worth $3,515,728. Insiders own 0.51% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HFC. Toronto Dominion Bank boosted its stake in HollyFrontier by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after buying an additional 235 shares in the last quarter. Ffcm LLC increased 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 worth $130,000 after purchasing an additional 4,450 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in HollyFrontier in the third quarter worth approximately $163,000. GLG Partners LP bought a new stake in HollyFrontier in the second quarter worth approximately $202,000. Finally, Vantage Financial Partners Ltd. Inc. bought a new stake in HollyFrontier in the second quarter worth approximately $204,000. Hedge funds and other institutional investors own 83.21% of the company’s stock.

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About HollyFrontier

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).

Analyst Recommendations for HollyFrontier (NYSE:HFC)

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