HollyFrontier (NYSE:HFC) – Analysts at US Capital Advisors boosted their Q3 2018 EPS estimates for shares of HollyFrontier in a research report issued on Monday, April 16th. US Capital Advisors analyst C. Weiland now expects that the oil and gas company will post earnings of $1.39 per share for the quarter, up from their prior forecast of $1.25. US Capital Advisors also issued estimates for HollyFrontier’s Q4 2018 earnings at $0.82 EPS and FY2019 earnings at $3.80 EPS.
A number of other equities analysts also recently issued reports on the company. Howard Weil downgraded HollyFrontier from a “focus list” rating to an “outperform” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $51.00 price target for the company in a research note on Tuesday, February 13th. Jefferies Group initiated coverage on HollyFrontier in a research note on Wednesday, January 24th. They set an “underperform” rating and a $40.00 price target for the company. Macquarie upgraded HollyFrontier from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 16th. Finally, Credit Suisse Group began coverage on HollyFrontier in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. HollyFrontier presently has a consensus rating of “Hold” and an average target price of $46.12.
HFC stock opened at $58.03 on Tuesday. The stock has a market cap of $10,139.85, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.52 and a beta of 1.09. 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 has a 52-week low of $23.46 and a 52-week high of $58.87.
HollyFrontier (NYSE:HFC) last released 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 for the quarter, compared to analyst estimates of $3.85 billion. HollyFrontier had a net margin of 5.65% and a return on equity of 7.51%. HollyFrontier’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS.
Several large investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado raised its holdings in shares of HollyFrontier by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 36,474 shares of the oil and gas company’s stock worth $1,868,000 after purchasing an additional 1,129 shares during the period. Xact Kapitalforvaltning AB raised its holdings in shares of HollyFrontier by 11.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 17,035 shares of the oil and gas company’s stock worth $873,000 after purchasing an additional 1,712 shares during the period. Amalgamated Bank raised its holdings in shares of HollyFrontier by 5.9% in the 4th quarter. Amalgamated Bank now owns 35,807 shares of the oil and gas company’s stock worth $1,834,000 after purchasing an additional 2,010 shares during the period. Sandy Spring Bank bought a new stake in shares of HollyFrontier in the 4th quarter worth approximately $114,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of HollyFrontier by 6.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 38,140 shares of the oil and gas company’s stock worth $1,954,000 after purchasing an additional 2,400 shares during the period. 86.14% of the stock is currently owned by institutional investors.
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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.
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