HollyFrontier Corp (NYSE:HFC) Receives Consensus Rating of “Hold” from Analysts

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HollyFrontier Corp (NYSE:HFC) has received an average rating of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $59.19.

Several research analysts have recently issued reports on HFC shares. JPMorgan Chase & Co. lowered their price objective on HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. ValuEngine raised HollyFrontier from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th.

In other news, Director Franklin Myers bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $49.72 per share, with a total value of $124,300.00. Following the transaction, the director now directly owns 24,989 shares in the company, valued at $1,242,453.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hancock Whitney Corp lifted its position in HollyFrontier by 1.2% during the 2nd quarter. Hancock Whitney Corp now owns 107,217 shares of the oil and gas company’s stock worth $4,962,000 after acquiring an additional 1,268 shares during the period. Luminus Management LLC lifted its position in HollyFrontier by 130.6% during the 2nd quarter. Luminus Management LLC now owns 538,587 shares of the oil and gas company’s stock worth $24,926,000 after acquiring an additional 305,000 shares during the period. UBS Group AG lifted its position in HollyFrontier by 14.3% during the 2nd quarter. UBS Group AG now owns 365,932 shares of the oil and gas company’s stock worth $16,936,000 after acquiring an additional 45,642 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in HollyFrontier by 1.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,562 shares of the oil and gas company’s stock worth $953,000 after acquiring an additional 237 shares during the period. Finally, Eaton Vance Management lifted its position in HollyFrontier by 3.7% during the 2nd quarter. Eaton Vance Management now owns 27,102 shares of the oil and gas company’s stock worth $1,256,000 after acquiring an additional 971 shares during the period. 84.20% of the stock is owned by hedge funds and other institutional investors.

NYSE HFC traded down $0.27 during trading hours on Thursday, hitting $52.78. 1,496,143 shares of the company were exchanged, compared to its average volume of 2,139,237. The company has a 50 day moving average of $47.68 and a two-hundred day moving average of $46.81. The company has a quick ratio of 1.10, a current ratio of 2.08 and a debt-to-equity ratio of 0.43. HollyFrontier has a 52-week low of $37.73 and a 52-week high of $72.30. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 1.12 and a beta of 1.46.

HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.51. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.31 billion. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS. On average, equities research analysts predict that HollyFrontier will post 4.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.32 annualized dividend and a dividend yield of 2.50%. HollyFrontier’s dividend payout ratio is currently 20.50%.

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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Analyst Recommendations for HollyFrontier (NYSE:HFC)

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