HollyFrontier Corp. (NYSE:HFC) shares saw unusually-strong trading volume on Thursday . Approximately 5,464,481 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 4,954,198 shares.The stock last traded at $25.32 and had previously closed at $24.41.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of HollyFrontier Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 10th. Morgan Stanley lowered shares of HollyFrontier Corp. from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $41.00 to $26.00 in a report on Friday, June 17th. Wolfe Research lowered shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, June 20th. Goldman Sachs Group Inc. lowered shares of HollyFrontier Corp. from a “neutral” rating to a “sell” rating and decreased their target price for the company from $37.00 to $34.00 in a report 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 decreased their target price for the company from $53.00 to $30.00 in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.06.

The stock has a 50-day moving average price of $24.92 and a 200 day moving average price of $31.62. The stock has a market cap of $4.22 billion and a PE ratio of 8.33.

HollyFrontier Corp. (NYSE:HFC) last announced its quarterly 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 firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was down 32.9% on a year-over-year basis. Analysts forecast that HollyFrontier Corp. will post $1.25 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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date was Wednesday, May 25th.

A number of large investors recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in shares of HollyFrontier Corp. by 0.3% in the fourth quarter. Rhumbline Advisers now owns 282,200 shares of the company’s stock worth $11,257,000 after buying an additional 801 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of HollyFrontier Corp. by 15.0% in the fourth quarter. TD Asset Management Inc. now owns 26,785 shares of the company’s stock worth $1,068,000 after buying an additional 3,500 shares in the last quarter. California Public Employees Retirement System increased 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. Engineers Gate Manager LP increased its stake in shares of HollyFrontier Corp. by 9.0% in the fourth quarter. Engineers Gate Manager LP now owns 55,722 shares of the company’s stock worth $2,223,000 after buying an additional 4,616 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of HollyFrontier Corp. by 8.2% in the fourth quarter. ProShare Advisors LLC now owns 38,700 shares of the company’s stock worth $1,544,000 after buying an additional 2,949 shares in the last quarter.

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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