HollyFrontier Corp (NYSE:HFC) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 6,270,000 shares, a decrease of 6.1% from the June 15th total of 6,680,000 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily volume of 2,420,000 shares, the days-to-cover ratio is presently 2.6 days.
HFC has been the subject of several analyst reports. Tudor Pickering raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, June 2nd. Cowen downgraded HollyFrontier from a “market perform” rating to an “underperform” rating and set a $22.00 target price on the stock. in a report on Tuesday, June 30th. JPMorgan Chase & Co. increased their price target on HollyFrontier from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Royal Bank of Canada cut their price objective on HollyFrontier from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Finally, Mizuho upgraded HollyFrontier from a “neutral” rating to a “buy” rating and lowered their target price for the company from $75.00 to $42.00 in a research note on Monday, May 4th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.00.
Several hedge funds have recently bought and sold shares of HFC. Americana Partners LLC acquired a new stake in shares of HollyFrontier during the fourth quarter worth $25,000. Parallel Advisors LLC boosted its holdings in HollyFrontier by 603.3% during the first quarter. Parallel Advisors LLC now owns 1,055 shares of the oil and gas company’s stock worth $25,000 after buying an additional 905 shares during the last quarter. Ameritas Investment Company LLC acquired a new position in shares of HollyFrontier during the 1st quarter worth about $25,000. CWM Advisors LLC acquired a new position in shares of HollyFrontier during the 1st quarter worth about $28,000. Finally, Verus Capital Partners LLC acquired a new stake in shares of HollyFrontier in the 4th quarter valued at approximately $38,000. 82.65% of the stock is currently owned by institutional investors.
Shares of NYSE:HFC opened at $27.56 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. HollyFrontier has a 1-year low of $18.48 and a 1-year high of $58.88. The stock has a market capitalization of $4.24 billion, a P/E ratio of 5.38 and a beta of 1.73. The business has a 50-day moving average price of $31.02 and a two-hundred day moving average price of $34.49.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.41 by $0.12. HollyFrontier had a net margin of 1.26% and a return on equity of 12.69%. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the previous year, the company earned $0.54 EPS. HollyFrontier’s revenue was down 12.7% on a year-over-year basis. As a group, equities analysts predict that HollyFrontier will post -0.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Friday, May 22nd. HollyFrontier’s payout ratio is 28.57%.
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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