HollyFrontier Corp. (HFC) Trading 4.2% Higher
HollyFrontier Corp. (NYSE:HFC) traded 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. The stock had previously closed at $23.32.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of HollyFrontier Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Credit Suisse Group AG lowered their price target on shares of HollyFrontier Corp. from $60.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 11th. Wolfe Research cut shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. Morgan Stanley cut shares of HollyFrontier Corp. from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $41.00 to $26.00 in a research report on Friday, June 17th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of HollyFrontier Corp. in a research report on Saturday, April 9th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $40.06.
The stock has a market cap of $4.39 billion and a PE ratio of 8.66. The firm has a 50 day moving average price of $25.00 and a 200-day moving average price of $31.74.
HollyFrontier Corp. (NYSE:HFC) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.17. The company earned $2.02 billion during the quarter, compared to analysts’ expectations of $1.91 billion. The company’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. Equities research analysts predict that HollyFrontier Corp. will post $1.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, May 27th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend was Wednesday, May 25th.
A number of hedge funds have bought and sold shares of HFC. Dimensional Fund Advisors LP boosted its stake in HollyFrontier Corp. by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,586,490 shares of the company’s stock valued at $103,173,000 after buying an additional 44,874 shares during the period. BNP Paribas Arbitrage SA boosted its stake in HollyFrontier Corp. by 41.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 114,591 shares of the company’s stock valued at $4,571,000 after buying an additional 33,329 shares during the period. Jennison Associates LLC boosted its stake in HollyFrontier Corp. by 85.5% in the fourth quarter. Jennison Associates LLC now owns 53,444 shares of the company’s stock valued at $2,132,000 after buying an additional 24,635 shares during the period. Trexquant Investment LP boosted its stake in HollyFrontier Corp. by 86.3% in the fourth quarter. Trexquant Investment LP now owns 159,500 shares of the company’s stock valued at $6,362,000 after buying an additional 73,900 shares during the period. Finally, Marshall Wace LLP acquired a new stake in HollyFrontier Corp. during the fourth quarter valued at approximately $5,713,000.
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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