Shares of HollyFrontier Corp (NYSE:HFC) have earned an average recommendation of “Hold” from the twenty-three ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $56.93.
A number of research analysts recently commented on HFC shares. Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Friday, May 18th. JPMorgan Chase & Co. upped their price objective on HollyFrontier from $46.00 to $48.00 and gave the company an “underweight” rating in a report on Monday, April 9th. Credit Suisse Group reiterated a “neutral” rating and issued a $53.00 price objective on shares of HollyFrontier in a report on Wednesday, March 7th. ValuEngine upgraded HollyFrontier from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 7th. Finally, Morgan Stanley upgraded HollyFrontier from an “underweight” rating to an “equal weight” rating and set a $60.00 price objective on the stock in a report on Friday, April 13th.
In other news, CEO George John Damiris sold 51,771 shares of the company’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $80.67, for a total transaction of $4,176,366.57. Following the sale, the chief executive officer now owns 181,476 shares of the company’s stock, valued at $14,639,668.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Lawrence Voliva III sold 7,000 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $80.97, for a total value of $566,790.00. Following the sale, the chief financial officer now directly owns 43,363 shares in the company, valued at approximately $3,511,102.11. The disclosure for this sale can be found here. Insiders have sold 222,592 shares of company stock worth $15,795,344 over the last 90 days. 0.57% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. increased its position in shares of HollyFrontier by 1.8% during the first quarter. Suntrust Banks Inc. now owns 58,217 shares of the oil and gas company’s stock worth $2,843,000 after acquiring an additional 1,004 shares during the period. Allianz Asset Management GmbH increased its position in shares of HollyFrontier by 3.6% during the first quarter. Allianz Asset Management GmbH now owns 147,666 shares of the oil and gas company’s stock worth $7,215,000 after acquiring an additional 5,076 shares during the period. WINTON GROUP Ltd increased its position in shares of HollyFrontier by 99.9% during the first quarter. WINTON GROUP Ltd now owns 182,369 shares of the oil and gas company’s stock worth $8,911,000 after acquiring an additional 91,119 shares during the period. CIBC World Markets Inc. purchased a new stake in shares of HollyFrontier during the first quarter worth $2,446,000. Finally, Xact Kapitalforvaltning AB increased its position in shares of HollyFrontier by 16.2% during the first quarter. Xact Kapitalforvaltning AB now owns 19,793 shares of the oil and gas company’s stock worth $967,000 after acquiring an additional 2,758 shares during the period. 83.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of HFC stock traded up $0.27 during trading hours on Tuesday, reaching $67.56. The company had a trading volume of 3,589,494 shares, compared to its average volume of 3,026,087. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.25 and a quick ratio of 1.16. The firm has a market capitalization of $12.57 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. HollyFrontier has a 12-month low of $25.97 and a 12-month high of $83.28.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Wednesday, May 2nd. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.40. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $3.30 billion. HollyFrontier had a return on equity of 10.21% and a net margin of 7.31%. The business’s revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share. equities research analysts expect that HollyFrontier will post 5.88 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Shareholders of record on Wednesday, May 23rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Tuesday, May 22nd. HollyFrontier’s dividend payout ratio (DPR) is 56.90%.
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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