HollyFrontier (HFC) Hits New 12-Month High and Low at $75.04

Shares of HollyFrontier (NYSE:HFC) hit a new 52-week high and low during trading on Monday . The stock traded as low as $75.04 and last traded at $74.65, with a volume of 115573 shares traded. The stock had previously closed at $73.70.

HFC has been the subject of several recent analyst reports. ValuEngine raised HollyFrontier from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Deutsche Bank raised their target price on HollyFrontier from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, May 3rd. Credit Suisse Group increased their price objective on HollyFrontier from $57.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 4th. Cowen increased their price objective on HollyFrontier from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, February 21st. Finally, Argus increased their price objective on HollyFrontier from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, March 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. HollyFrontier has a consensus rating of “Hold” and a consensus price target of $52.65.

The company has a quick ratio of 1.16, a current ratio of 2.25 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 1.74 and a beta of 1.07.

HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, May 2nd. The oil and gas company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.40. HollyFrontier had a return on equity of 10.21% and a net margin of 7.31%. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same period last year, the company earned ($0.19) earnings per share. The business’s revenue was up 34.0% compared to the same quarter last year. equities analysts forecast that HollyFrontier will post 4.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Wednesday, May 23rd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, May 22nd. This represents a $1.32 annualized dividend and a yield of 1.76%. HollyFrontier’s dividend payout ratio (DPR) is currently 56.90%.

In other HollyFrontier news, CEO George John Damiris sold 47,500 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $65.92, for a total transaction of $3,131,200.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Jennings sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $72.41, for a total value of $724,100.00. Following the transaction, the director now owns 25,917 shares in the company, valued at $1,876,649.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 150,821 shares of company stock worth $10,098,637. Corporate insiders own 0.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HFC. Amundi Pioneer Asset Management Inc. bought a new position in HollyFrontier during the fourth quarter valued at about $56,969,000. Prudential Financial Inc. increased its stake in shares of HollyFrontier by 693.4% in the first quarter. Prudential Financial Inc. now owns 895,834 shares of the oil and gas company’s stock worth $43,770,000 after purchasing an additional 782,918 shares during the period. Mackay Shields LLC bought a new position in shares of HollyFrontier in the first quarter worth about $38,079,000. Millennium Management LLC increased its stake in shares of HollyFrontier by 94.5% in the first quarter. Millennium Management LLC now owns 1,552,807 shares of the oil and gas company’s stock worth $75,870,000 after purchasing an additional 754,562 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in shares of HollyFrontier in the fourth quarter worth about $36,755,000. Institutional investors own 83.75% of the company’s stock.

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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