HollyFrontier Corp. (HFC) Shares Gap Up to $26.45
Shares of HollyFrontier Corp. (NYSE:HFC) gapped up prior to trading on Monday . The stock had previously closed at $26.33, but opened at $26.45. HollyFrontier Corp. shares last traded at $27.34, with a volume of 2,150,370 shares.
A number of brokerages recently issued reports on HFC. Simmons reissued a “neutral” rating and set a $24.00 price objective (up from $20.00) on shares of HollyFrontier Corp. in a research report on Friday. TheStreet downgraded HollyFrontier Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Vetr downgraded HollyFrontier Corp. from a “strong-buy” rating to a “buy” rating and set a $28.32 price objective for the company. in a research report on Wednesday, August 3rd. Credit Suisse Group AG reissued a “hold” rating and set a $32.00 price objective on shares of HollyFrontier Corp. in a research report on Thursday, July 14th. Finally, Deutsche Bank AG downgraded HollyFrontier Corp. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $53.00 to $30.00 in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $37.29.
The firm has a 50 day moving average of $24.37 and a 200-day moving average of $30.19. The firm’s market capitalization is $4.82 billion.
HollyFrontier Corp. (NYSE:HFC) last released its earnings results on Wednesday, August 3rd. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company earned $2.71 billion during the quarter, compared to analysts’ expectations of $2.35 billion. The company’s revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS. On average, equities analysts forecast that HollyFrontier Corp. will post $0.92 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Tuesday, August 23rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, August 19th. This represents a $1.32 annualized dividend and a yield of 4.81%.
A number of large investors have recently made changes to their positions in HFC. Aberdeen Asset Management PLC UK raised its stake in shares of HollyFrontier Corp. by 13.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 34,332 shares of the company’s stock valued at $1,593,000 after buying an additional 4,108 shares in the last quarter. Deere & Co. raised its stake in HollyFrontier Corp. by 9.5% in the fourth quarter. Deere & Co. now owns 39,681 shares of the company’s stock worth $1,583,000 after buying an additional 3,434 shares during the period. Jennison Associates LLC raised 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 worth $2,132,000 after buying an additional 24,635 shares during the period. Andra AP fonden raised its stake in HollyFrontier Corp. by 21.8% in the fourth quarter. Andra AP fonden now owns 75,900 shares of the company’s stock worth $3,028,000 after buying an additional 13,600 shares during the period. Finally, BNP Paribas Arbitrage SA raised 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 worth $4,571,000 after buying an additional 33,329 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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