HollyFrontier Corp. (NYSE:HFC) shares were up 4.2% during mid-day trading on Wednesday . The company traded as high as $24.65 and last traded at $24.30, with a volume of 4,455,028 shares changing hands. The stock had previously closed at $23.32.

A number of research analysts have issued reports on HFC shares. Zacks Investment Research lowered shares of HollyFrontier Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 10th. Morgan Stanley lowered shares of HollyFrontier Corp. from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $41.00 to $26.00 in a research note on Friday, June 17th. Wolfe Research lowered shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, June 20th. Goldman Sachs Group Inc. lowered shares of HollyFrontier Corp. from a “neutral” rating to a “sell” rating and reduced their target price for the company from $37.00 to $34.00 in a research note on Wednesday, March 23rd. They noted that the move was a valuation call. Finally, Deutsche Bank AG lowered shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and reduced their target price for the company from $53.00 to $30.00 in a research note on Tuesday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. HollyFrontier Corp. has an average rating of “Hold” and a consensus target price of $40.56.

The stock’s 50 day moving average price is $25.17 and its 200-day moving average price is $31.85. The stock has a market cap of $4.28 billion and a price-to-earnings ratio of 8.4509.

HollyFrontier Corp. (NYSE:HFC) last announced its earnings results on Wednesday, May 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.17. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business earned $1.16 EPS. The firm’s quarterly revenue was down 32.9% compared to the same quarter last year. Equities research analysts forecast that HollyFrontier Corp. will post $1.51 EPS for the current fiscal year.

The company 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date was Wednesday, May 25th.

Other large investors recently modified their holdings of the company. California Public Employees Retirement System raised its stake in shares of HollyFrontier Corp. by 6.0% in the fourth quarter. California Public Employees Retirement System now owns 642,900 shares of the company’s stock worth $25,645,000 after buying an additional 36,500 shares in the last quarter. Morgan Stanley raised its stake in shares of HollyFrontier Corp. by 48.1% in the fourth quarter. Morgan Stanley now owns 2,481,850 shares of the company’s stock worth $99,002,000 after buying an additional 806,426 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of HollyFrontier Corp. by 0.3% in the fourth quarter. OppenheimerFunds Inc. now owns 1,764,505 shares of the company’s stock worth $70,386,000 after buying an additional 5,027 shares in the last quarter. Trexquant Investment LP raised its stake in shares of HollyFrontier Corp. by 86.3% in the fourth quarter. Trexquant Investment LP now owns 159,500 shares of the company’s stock worth $6,362,000 after buying an additional 73,900 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of HollyFrontier Corp. during the fourth quarter worth approximately $2,027,000.

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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