ValuEngine lowered shares of HollyFrontier (NYSE:HFC) from a strong-buy rating to a buy rating in a report issued on Wednesday.
A number of other equities analysts have also weighed in on the company. Howard Weil lowered HollyFrontier from a focus list rating to an outperform rating in a research note on Friday, December 22nd. Zacks Investment Research raised HollyFrontier from a hold rating to a strong-buy rating and set a $51.00 price objective on the stock 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 objective on the stock. Macquarie raised HollyFrontier from an underperform rating to a neutral rating in a research note on Tuesday, January 16th. Finally, Credit Suisse Group initiated coverage on HollyFrontier in a research note on Wednesday, January 3rd. They set a neutral rating and a $51.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $46.12.
Shares of HFC opened at $58.26 on Wednesday. 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 one year low of $23.46 and a one year high of $58.87. The company has a market cap of $10,333.17, a P/E ratio of 25.22, a PEG ratio of 1.51 and a beta of 1.09.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.12). The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.85 billion. HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. equities analysts predict that HollyFrontier will post 3.87 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. SNS Financial Group LLC acquired a new position in shares of HollyFrontier in the 4th quarter valued at $220,000. Oakbrook Investments LLC acquired a new position in shares of HollyFrontier in the 4th quarter valued at $384,000. Capital Analysts LLC lifted its stake in shares of HollyFrontier by 43,903.6% in the 4th quarter. Capital Analysts LLC now owns 24,202 shares of the oil and gas company’s stock valued at $1,110,000 after purchasing an additional 24,147 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of HollyFrontier in the 4th quarter valued at $5,745,000. Finally, Bessemer Group Inc. lifted its stake in shares of HollyFrontier by 9.4% in the 4th quarter. Bessemer Group Inc. now owns 70,983 shares of the oil and gas company’s stock valued at $3,636,000 after purchasing an additional 6,098 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
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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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