Brokerages Expect HollyFrontier Corp (HFC) to Post $0.53 EPS

Equities research analysts expect that HollyFrontier Corp (NYSE:HFC) will report $0.53 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for HollyFrontier’s earnings, with estimates ranging from $0.35 to $0.80. HollyFrontier reported earnings per share of ($0.19) during the same quarter last year, which suggests a positive year over year growth rate of 378.9%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that HollyFrontier will report full year earnings of $3.63 per share for the current year, with EPS estimates ranging from $2.90 to $4.36. For the next year, analysts anticipate that the firm will report earnings of $3.49 per share, with EPS estimates ranging from $2.63 to $3.92. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for HollyFrontier.

HollyFrontier (NYSE:HFC) last issued its earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.12). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.85 billion. HollyFrontier had a net margin of 5.65% and a return on equity of 7.71%. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the business posted ($0.06) EPS.

HFC has been the topic of several recent analyst reports. TheStreet raised HollyFrontier from a “c+” rating to a “b” rating in a research note on Wednesday, November 1st. ValuEngine raised HollyFrontier from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Scotiabank reaffirmed a “buy” rating and issued a $39.00 price objective on shares of HollyFrontier in a research note on Wednesday, November 1st. Argus raised HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, November 20th. Finally, Barclays reaffirmed a “buy” rating and issued a $65.00 price objective on shares of HollyFrontier in a research note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $42.80.

Shares of HollyFrontier (NYSE:HFC) traded up $0.91 on Friday, reaching $45.00. The company had a trading volume of 2,735,214 shares, compared to its average volume of 2,630,000. The company has a market cap of $7,980.00, a P/E ratio of 16.19, a PEG ratio of 1.23 and a beta of 1.12. HollyFrontier has a 52 week low of $23.46 and a 52 week high of $53.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, February 27th. HollyFrontier’s dividend payout ratio (DPR) is 47.48%.

In other news, Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction that occurred on 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 transaction, the director now owns 49,717 shares in the company, valued at approximately $2,212,406.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP James M. Stump sold 30,000 shares of HollyFrontier stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total value of $1,536,300.00. Following the completion of the transaction, the senior vice president now owns 41,849 shares of the company’s stock, valued at approximately $2,143,087.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,649 shares of company stock valued at $3,515,728. Company insiders own 0.51% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of HollyFrontier by 2.7% in the 4th quarter. BlackRock Inc. now owns 21,620,652 shares of the oil and gas company’s stock worth $1,107,409,000 after purchasing an additional 565,625 shares during the period. Schroder Investment Management Group boosted its holdings in shares of HollyFrontier by 2.3% in the 4th quarter. Schroder Investment Management Group now owns 3,978,708 shares of the oil and gas company’s stock worth $203,789,000 after purchasing an additional 88,912 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of HollyFrontier by 1.5% in the 4th quarter. Alliancebernstein L.P. now owns 3,599,830 shares of the oil and gas company’s stock worth $184,383,000 after purchasing an additional 52,890 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of HollyFrontier by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,952,567 shares of the oil and gas company’s stock worth $151,230,000 after purchasing an additional 162,312 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in shares of HollyFrontier by 48.4% in the 4th quarter. APG Asset Management N.V. now owns 2,065,017 shares of the oil and gas company’s stock worth $88,083,000 after purchasing an additional 673,300 shares during the period. Hedge funds and other institutional investors own 84.43% 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).

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