HollyFrontier Corp. (NYSE:HFC) shares were down 2.7% on Friday . The company traded as low as $24.27 and last traded at $24.31, with a volume of 2,090,311 shares changing hands. The stock had previously closed at $24.98.

A number of research analysts recently weighed in 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 price objective 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 price objective 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 price objective for the company from $53.00 to $30.00 in a research note on Tuesday, July 12th. 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.06.

The company’s 50-day moving average is $24.92 and its 200 day moving average is $31.62. The stock has a market capitalization of $4.22 billion and a PE ratio of 8.33.

HollyFrontier Corp. (NYSE:HFC) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.17. During the same quarter last year, the firm earned $1.16 EPS. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.91 billion. HollyFrontier Corp.’s revenue for the quarter was down 32.9% on a year-over-year basis. On average, analysts predict that HollyFrontier Corp. will post $1.22 EPS for the current 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 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 5.50%.

A number of institutional investors recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in HollyFrontier Corp. by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 14,809,691 shares of the company’s stock valued at $590,758,000 after buying an additional 163,161 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 last quarter. Morgan Stanley boosted its position in HollyFrontier Corp. by 48.1% in the fourth quarter. Morgan Stanley now owns 2,481,850 shares of the company’s stock valued at $99,002,000 after buying an additional 806,426 shares during the last quarter. Edge Asset Management Inc. boosted its position in HollyFrontier Corp. by 43.5% in the fourth quarter. Edge Asset Management Inc. now owns 1,388,915 shares of the company’s stock valued at $55,404,000 after buying an additional 420,723 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in HollyFrontier Corp. by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,122,637 shares of the company’s stock valued at $44,781,000 after buying an additional 51,930 shares during 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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