HollyFrontier (HFC) Upgraded to Strong-Buy by ValuEngine

ValuEngine upgraded shares of HollyFrontier (NYSE:HFC) from a buy rating to a strong-buy rating in a report published on Saturday.

Several other equities analysts have also weighed in on the stock. Argus raised their price objective on shares of HollyFrontier from $53.00 to $56.00 and gave the company a buy rating in a research report on Thursday, March 29th. Deutsche Bank cut their price objective on shares of HollyFrontier from $59.00 to $56.00 and set a buy rating on the stock in a research report on Monday, March 19th. JPMorgan Chase reaffirmed an underweight rating and set a $46.00 price objective (down previously from $48.00) on shares of HollyFrontier in a research report on Tuesday, March 13th. Zacks Investment Research lowered shares of HollyFrontier from a buy rating to a hold rating in a research report on Monday, March 12th. Finally, Credit Suisse Group reaffirmed a neutral rating and set a $53.00 price objective on shares of HollyFrontier in a research report on Wednesday, March 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $45.13.

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NYSE HFC opened at $52.26 on Friday. The company has a market capitalization of $9,268.99, a PE ratio of 22.53, a P/E/G ratio of 1.50 and a beta of 1.09. The company has a quick ratio of 1.01, a current ratio of 2.15 and a debt-to-equity ratio of 0.42. HollyFrontier has a 52-week low of $23.46 and a 52-week high of $53.21.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share 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 7.51%. HollyFrontier’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) EPS. sell-side analysts predict that HollyFrontier will post 3.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were issued 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 yield of 2.53%. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.

A number of hedge funds have recently made changes to their positions in the business. Chemical Bank acquired a new position in HollyFrontier during the fourth quarter valued at approximately $224,000. Green Square Capital LLC grew its holdings in HollyFrontier by 15.0% during the fourth quarter. Green Square Capital LLC now owns 220,339 shares of the oil and gas company’s stock valued at $11,286,000 after purchasing an additional 28,758 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in HollyFrontier by 11.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 17,035 shares of the oil and gas company’s stock valued at $873,000 after purchasing an additional 1,712 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in HollyFrontier by 7.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 212,017 shares of the oil and gas company’s stock valued at $10,860,000 after purchasing an additional 14,100 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in HollyFrontier during the fourth quarter valued at approximately $5,745,000. Institutional investors own 86.07% of the company’s stock.

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HollyFrontier Company Profile

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for HollyFrontier (NYSE:HFC)

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