Barclays reissued their buy rating on shares of HollyFrontier (NYSE:HFC) in a research note issued to investors on Friday morning. They currently have a $61.00 price objective on the oil and gas company’s stock.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of HollyFrontier from a hold rating to a strong-buy rating and set a $51.00 target price on the stock in a report on Tuesday, February 13th. ValuEngine raised shares of HollyFrontier from a hold rating to a buy rating in a report on Friday, February 2nd. Royal Bank of Canada reaffirmed a buy rating and issued a $58.00 price target on shares of HollyFrontier in a report on Tuesday, January 30th. Jefferies Group assumed coverage on shares of HollyFrontier in a report on Wednesday, January 24th. They issued an underperform rating and a $40.00 price target on the stock. Finally, Macquarie raised shares of HollyFrontier from an underperform rating to a neutral rating in a report on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $42.67.
Shares of HollyFrontier (NYSE:HFC) opened at $46.40 on Friday. 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 has a 1-year low of $23.46 and a 1-year high of $53.21. The stock has a market cap of $8,225.47, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 1.29 and a beta of 1.12.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.32 annualized dividend and a yield of 2.84%. HollyFrontier’s dividend payout ratio (DPR) is presently 69.47%.
In related news, Director James H. Lee sold 5,149 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total value of $242,878.33. Following the completion of the transaction, the director now directly owns 52,240 shares in the company, valued at $2,464,160.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jennings sold 4,500 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. Following the completion of the transaction, the director now owns 49,717 shares of the company’s stock, valued at $2,212,406.50. The disclosure for this sale can be found here. Insiders sold 69,649 shares of company stock valued at $3,515,728 over the last quarter. 0.51% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in HFC. Amundi Pioneer Asset Management Inc. purchased a new position in HollyFrontier in the fourth quarter worth $56,969,000. Acadian Asset Management LLC grew its position in HollyFrontier by 414.4% in the fourth quarter. Acadian Asset Management LLC now owns 1,266,003 shares of the oil and gas company’s stock worth $64,844,000 after acquiring an additional 1,019,905 shares in the last quarter. American Century Companies Inc. grew its position in HollyFrontier by 148.2% in the third quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock worth $57,682,000 after acquiring an additional 957,494 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in HollyFrontier in the fourth quarter worth $36,755,000. Finally, APG Asset Management N.V. boosted its position in HollyFrontier by 48.4% during the fourth quarter. APG Asset Management N.V. now owns 2,065,017 shares of the oil and gas company’s stock valued at $88,083,000 after buying an additional 673,300 shares during the period. Institutional investors own 84.43% of the company’s stock.
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HollyFrontier 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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