HollyFrontier Corp. (HFC) Trading Down 1.6%
HollyFrontier Corp. (NYSE:HFC)’s share price dropped 1.6% during trading on Thursday . The company traded as low as $26.96 and last traded at $27.03, with a volume of 1,812,469 shares. The stock had previously closed at $27.48.
HFC has been the topic of a number of recent research reports. Vetr lowered shares of HollyFrontier Corp. from a “strong-buy” rating to a “buy” rating and set a $28.32 price target on the stock. in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of HollyFrontier Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 7th. Deutsche Bank AG lowered shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and cut their price target for the stock from $53.00 to $30.00 in a report on Tuesday, July 12th. Credit Suisse Group AG reiterated a “hold” rating and set a $32.00 price target on shares of HollyFrontier Corp. in a report on Thursday, July 14th. Finally, Wolfe Research lowered shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, June 20th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $37.24.
The company has a 50 day moving average of $24.94 and a 200-day moving average of $29.85. The firm’s market capitalization is $4.80 billion.
HollyFrontier Corp. (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm earned $1.88 earnings per share. The firm’s revenue for the quarter was down 26.7% compared to the same quarter last year. On average, analysts anticipate that HollyFrontier Corp. will post $0.73 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 given a dividend of $0.33 per share. The ex-dividend date is Friday, August 19th. This represents a $1.32 annualized dividend and a yield of 4.84%.
Several large investors recently bought and sold shares of the company. Airain ltd bought a new stake in HollyFrontier Corp. during the fourth quarter valued at approximately $7,249,000. Gyroscope Capital Management Group LLC bought a new stake in HollyFrontier Corp. during the fourth quarter valued at approximately $2,490,000. Marshall Wace LLP bought a new stake in HollyFrontier Corp. during the fourth quarter valued at approximately $5,713,000. BlackRock Advisors LLC boosted its stake in HollyFrontier Corp. by 149.2% in the fourth quarter. BlackRock Advisors LLC now owns 391,116 shares of the company’s stock valued at $15,601,000 after buying an additional 234,163 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in HollyFrontier Corp. by 386.2% in the fourth quarter. Bank of Montreal Can now owns 314,254 shares of the company’s stock valued at $12,536,000 after buying an additional 249,618 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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