HollyFrontier Corp. (NYSE:HFC)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $22.07 and last traded at $22.78, with a volume of 2,289,911 shares traded. The stock had previously closed at $23.15.

Several equities analysts recently weighed in on HFC shares. Simmons cut their price target on shares of HollyFrontier Corp. from $32.00 to $31.00 in a report on Tuesday, April 12th. Deutsche Bank AG reiterated a “buy” rating on shares of HollyFrontier Corp. in a report on Saturday, April 9th. Zacks Investment Research upgraded shares of HollyFrontier Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 20th. Raymond James Financial Inc. downgraded shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, March 28th. Finally, Wolfe Research downgraded shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, June 20th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. HollyFrontier Corp. has a consensus rating of “Hold” and an average price target of $42.25.

The stock has a market cap of $3.92 billion and a P/E ratio of 7.74. The firm’s 50-day moving average price is $25.57 and its 200 day moving average price is $32.33.

HollyFrontier Corp. (NYSE:HFC) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.17. The business earned $2.02 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue was down 32.9% compared to the same quarter last year. Equities research analysts forecast that HollyFrontier Corp. will post $1.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, May 27th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date was Wednesday, May 25th.

Several large investors recently added to or reduced their stakes in the company. TD Asset Management Inc. boosted its stake in HollyFrontier Corp. by 15.0% in the fourth quarter. TD Asset Management Inc. now owns 26,785 shares of the company’s stock valued at $1,068,000 after buying an additional 3,500 shares during the period. ProShare Advisors LLC boosted its stake in HollyFrontier Corp. by 8.2% in the fourth quarter. ProShare Advisors LLC now owns 38,700 shares of the company’s stock valued at $1,544,000 after buying an additional 2,949 shares during the period. Deere & Co. boosted its stake in HollyFrontier Corp. by 9.5% in the fourth quarter. Deere & Co. now owns 39,681 shares of the company’s stock valued at $1,583,000 after buying an additional 3,434 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in HollyFrontier Corp. by 13.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 34,332 shares of the company’s stock valued at $1,593,000 after buying an additional 4,108 shares during the period. Finally, Strs Ohio boosted its stake in HollyFrontier Corp. by 31.7% in the fourth quarter. Strs Ohio now owns 42,389 shares of the company’s stock valued at $1,690,000 after buying an additional 10,211 shares during the period.

HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.

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