HollyFrontier Corp. (NYSE:HFC) shares were down 3.2% during mid-day trading on Thursday . The stock traded as low as $22.17 and last traded at $22.22, with a volume of 3,467,702 shares changing hands. The stock had previously closed at $22.95.

Several research firms have weighed in on HFC. Simmons cut their price objective on HollyFrontier Corp. from $32.00 to $31.00 in a research report on Tuesday, April 12th. Deutsche Bank AG reissued a “buy” rating on shares of HollyFrontier Corp. in a research report on Saturday, April 9th. Zacks Investment Research raised HollyFrontier Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Raymond James Financial Inc. cut HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, March 28th. Finally, Wolfe Research cut HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. Four 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. The stock currently has a consensus rating of “Hold” and an average price target of $42.25.

The stock has a market capitalization of $3.99 billion and a PE ratio of 7.88. The stock has a 50-day moving average price of $25.43 and a 200-day moving average price of $32.19.

HollyFrontier Corp. (NYSE:HFC) last released its earnings results on Wednesday, May 4th. The company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.17. The company earned $2.02 billion during the quarter, compared to the consensus estimate of $1.91 billion. The business’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. On average, equities analysts anticipate that HollyFrontier Corp. will post $1.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, May 27th were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, May 25th. This represents a $1.32 annualized dividend and a yield of 5.81%.

A number of institutional investors recently added to or reduced their stakes in HFC. Russell Frank Co increased its position in HollyFrontier Corp. by 25.0% in the fourth quarter. Russell Frank Co now owns 480,462 shares of the company’s stock valued at $19,129,000 after buying an additional 96,164 shares during the period. Strs Ohio increased its position 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. Great West Life Assurance Co. Can increased its position in HollyFrontier Corp. by 17.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 181,714 shares of the company’s stock valued at $7,253,000 after buying an additional 26,689 shares during the period. Korea Investment CORP increased its position in HollyFrontier Corp. by 12.6% in the fourth quarter. Korea Investment CORP now owns 60,600 shares of the company’s stock valued at $2,417,000 after buying an additional 6,800 shares during the period. Finally, Rhumbline Advisers increased its position in HollyFrontier Corp. by 0.3% in the fourth quarter. Rhumbline Advisers now owns 282,200 shares of the company’s stock valued at $11,257,000 after buying an additional 801 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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