HollyFrontier (HFC) Expected to Post Q3 2018 Earnings of $1.39 Per Share

HollyFrontier (NYSE:HFC) – US Capital Advisors raised their Q3 2018 earnings estimates for shares of HollyFrontier in a report issued on Monday, April 16th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will earn $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.

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A number of other research firms have also weighed in on HFC. Cowen upped their price objective on HollyFrontier from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 21st. Argus upped their price objective on HollyFrontier from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, March 29th. Royal Bank of Canada reissued a “buy” rating and set a $58.00 price target on shares of HollyFrontier in a research note on Tuesday, January 30th. Morgan Stanley raised HollyFrontier from an “underweight” rating to an “equal weight” rating and set a $60.00 price target for the company in a research note on Friday, April 13th. Finally, Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Friday, January 19th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus price target of $46.12.

NYSE HFC opened at $57.76 on Tuesday. The stock has a market capitalization of $9,880.90, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.54 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 twelve month low of $23.46 and a twelve month high of $57.92.

HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.85 billion. HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The business’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the company earned ($0.06) EPS.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of HollyFrontier by 2.7% in the 4th quarter. BlackRock Inc. now owns 21,620,652 shares of the oil and gas company’s stock valued at $1,107,409,000 after purchasing an additional 565,625 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of HollyFrontier by 2.3% in the 4th quarter. Schroder Investment Management Group now owns 3,978,708 shares of the oil and gas company’s stock valued at $203,789,000 after purchasing an additional 88,912 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of HollyFrontier by 1.5% in the 4th quarter. Alliancebernstein L.P. now owns 3,599,830 shares of the oil and gas company’s stock valued at $184,383,000 after purchasing an additional 52,890 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of HollyFrontier by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,952,567 shares of the oil and gas company’s stock valued at $151,230,000 after purchasing an additional 162,312 shares during the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of HollyFrontier by 48.4% in the 4th quarter. APG Asset Management N.V. now owns 2,065,017 shares of the oil and gas company’s stock valued at $88,083,000 after purchasing an additional 673,300 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

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About HollyFrontier

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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