Shares of HollyFrontier Corp (NYSE:HFC) have received an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $62.41.
A number of equities research analysts recently weighed in on the company. Morgan Stanley set a $54.00 price objective on HollyFrontier and gave the stock a “hold” rating in a research note on Friday, May 17th. ValuEngine cut HollyFrontier from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th.
HFC opened at $43.15 on Friday. HollyFrontier has a 12-month low of $37.73 and a 12-month high of $76.56. The company has a current ratio of 2.08, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $47.73 and its 200-day simple moving average is $47.56. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.89 and a beta of 1.45.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.51. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that HollyFrontier will post 4.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, August 21st. HollyFrontier’s dividend payout ratio (DPR) is currently 20.50%.
In related news, Director Franklin Myers acquired 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, for a total transaction of $124,300.00. Following the purchase, the director now directly owns 24,989 shares of the company’s stock, valued at approximately $1,242,453.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in HollyFrontier by 17.5% in the first quarter. AQR Capital Management LLC now owns 11,776,317 shares of the oil and gas company’s stock valued at $580,219,000 after buying an additional 1,753,888 shares during the last quarter. Northern Trust Corp raised its stake in HollyFrontier by 1.4% in the second quarter. Northern Trust Corp now owns 2,872,017 shares of the oil and gas company’s stock valued at $132,917,000 after buying an additional 39,797 shares during the last quarter. AJO LP raised its stake in HollyFrontier by 13.4% in the first quarter. AJO LP now owns 1,862,805 shares of the oil and gas company’s stock valued at $91,780,000 after buying an additional 220,651 shares during the last quarter. LSV Asset Management increased its holdings in shares of HollyFrontier by 21.8% in the second quarter. LSV Asset Management now owns 1,796,657 shares of the oil and gas company’s stock valued at $83,149,000 after purchasing an additional 321,600 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in shares of HollyFrontier by 13.0% in the first quarter. Great West Life Assurance Co. Can now owns 1,482,086 shares of the oil and gas company’s stock valued at $72,800,000 after purchasing an additional 170,562 shares during the period. Institutional investors own 86.32% 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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