HollyFrontier (NYSE:HFC) had its price target decreased by Deutsche Bank from $59.00 to $56.00 in a report published on Monday. Deutsche Bank currently has a buy rating on the oil and gas company’s stock.
HFC has been the subject of a number of other reports. ValuEngine upgraded HollyFrontier from a hold rating to a buy rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded HollyFrontier from a hold rating to a strong-buy rating and set a $54.00 target price for the company in a research report on Wednesday, December 13th. Bank of America downgraded HollyFrontier from a neutral rating to an underperform rating in a research report on Friday, December 8th. Howard Weil downgraded HollyFrontier from a focus list rating to an outperform rating in a research report on Friday, December 22nd. Finally, Royal Bank of Canada reiterated a buy rating and set a $58.00 target price on shares of HollyFrontier in a research report on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. HollyFrontier currently has an average rating of Hold and an average price target of $44.94.
Shares of HollyFrontier stock opened at $48.18 on Monday. The stock has a market capitalization of $8,696.12, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.42 and a beta of 1.17. 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 0.42, a current ratio of 2.15 and a quick ratio of 1.01.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.85 billion. HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) earnings per share. analysts anticipate that HollyFrontier will post 3.46 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.32 annualized dividend and a dividend yield of 2.74%. HollyFrontier’s dividend payout ratio is currently 29.20%.
In other news, SVP James M. Stump sold 30,000 shares of the firm’s stock in a transaction on Thursday, 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 owns 41,849 shares in the company, valued at $2,143,087.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.51% of the company’s stock.
Several institutional investors have recently made changes to their positions in HFC. Raymond James Financial Services Advisors Inc. increased its stake in shares of HollyFrontier by 52.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 81,599 shares of the oil and gas company’s stock valued at $2,935,000 after buying an additional 28,033 shares during the period. State of Wisconsin Investment Board increased its stake in shares of HollyFrontier by 5.2% during the third quarter. State of Wisconsin Investment Board now owns 154,898 shares of the oil and gas company’s stock valued at $5,572,000 after buying an additional 7,628 shares during the period. Sei Investments Co. increased its stake in shares of HollyFrontier by 31.1% during the third quarter. Sei Investments Co. now owns 9,908 shares of the oil and gas company’s stock valued at $356,000 after buying an additional 2,350 shares during the period. New York State Common Retirement Fund increased its stake in shares of HollyFrontier by 1.8% during the third quarter. New York State Common Retirement Fund now owns 423,650 shares of the oil and gas company’s stock valued at $15,239,000 after buying an additional 7,500 shares during the period. Finally, Toronto Dominion Bank increased its stake in shares of HollyFrontier by 126.3% during the third quarter. Toronto Dominion Bank now owns 9,040 shares of the oil and gas company’s stock valued at $325,000 after buying an additional 5,046 shares during the period. Hedge funds and other institutional investors own 86.02% 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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