HollyFrontier (NYSE:HFC) is set to post its quarterly earnings results before the market opens on Wednesday, February 21st. Analysts expect HollyFrontier to post earnings of $0.71 per share for the quarter.
HollyFrontier (HFC) opened at $46.40 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41. HollyFrontier has a 12 month low of $23.46 and a 12 month high of $53.21. The stock has a market cap of $8,230.00, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.29 and a beta of 1.12.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, February 27th. HollyFrontier’s dividend payout ratio is currently 69.47%.
Several equities analysts recently issued reports on the stock. Barclays reiterated a “buy” rating and issued a $61.00 target price on shares of HollyFrontier in a research note on Friday. ValuEngine upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 target price on shares of HollyFrontier in a research note on Tuesday, January 30th. Finally, Credit Suisse Group assumed coverage on shares of HollyFrontier in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. HollyFrontier currently has a consensus rating of “Hold” and a consensus price target of $42.67.
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 value of $242,878.33. Following the completion of the sale, the director now owns 52,240 shares of the company’s stock, valued at approximately $2,464,160.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Jennings sold 4,500 shares of the business’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 sale, the director now directly owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The disclosure for this sale can be found here. In the last three months, insiders sold 69,649 shares of company stock valued at $3,515,728. 0.51% of the stock is owned by insiders.
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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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