HollyFrontier Corporation (HFC) Stock Rating Reaffirmed by Barclays PLC
HollyFrontier Corporation (NYSE:HFC)‘s stock had its “buy” rating restated by equities research analysts at Barclays PLC in a report issued on Wednesday. They presently have a $41.00 price target on the stock. Barclays PLC’s price objective would indicate a potential upside of 34.21% from the company’s previous close.
Several other brokerages have also recently issued reports on HFC. Piper Jaffray Companies decreased their target price on shares of HollyFrontier Corporation from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, September 16th. Zacks Investment Research raised shares of HollyFrontier Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 20th. Howard Weil cut shares of HollyFrontier Corporation from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $29.00 to $24.00 in a report on Wednesday, October 19th. Scotiabank cut shares of HollyFrontier Corporation from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $29.00 to $24.00 in a report on Friday, October 21st. Finally, Vetr cut shares of HollyFrontier Corporation from a “strong-buy” rating to a “sell” rating and set a $23.33 target price for the company. in a report on Monday, October 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.97.
HollyFrontier Corporation (NYSE:HFC) traded down 0.65% on Wednesday, hitting $30.35. 774,917 shares of the stock were exchanged. HollyFrontier Corporation has a 12 month low of $22.07 and a 12 month high of $39.17. The company has a 50-day moving average of $31.60 and a 200-day moving average of $26.67. The stock’s market cap is $5.34 billion.
HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. HollyFrontier Corporation had a negative net margin of 3.40% and a positive return on equity of 3.30%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. HollyFrontier Corporation’s quarterly revenue was down 20.6% on a year-over-year basis. On average, equities analysts predict that HollyFrontier Corporation will post $0.66 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Monday, November 28th were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.32%. HollyFrontier Corporation’s payout ratio is currently -65.02%.
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In related news, Director James H. Lee sold 2,730 shares of the company’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $31.72, for a total transaction of $86,595.60. Following the completion of the transaction, the director now owns 54,199 shares in the company, valued at $1,719,192.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Jennings sold 6,529 shares of the company’s stock in a transaction on Thursday, December 22nd. The stock was sold at an average price of $32.18, for a total transaction of $210,103.22. Following the transaction, the insider now owns 62,727 shares of the company’s stock, valued at approximately $2,018,554.86. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Genesee Valley Trust Co. raised its position in shares of HollyFrontier Corporation by 0.6% in the third quarter. Genesee Valley Trust Co. now owns 21,791 shares of the company’s stock worth $534,000 after buying an additional 129 shares in the last quarter. Chicago Equity Partners LLC raised its position in shares of HollyFrontier Corporation by 0.4% in the second quarter. Chicago Equity Partners LLC now owns 39,260 shares of the company’s stock worth $933,000 after buying an additional 140 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of HollyFrontier Corporation by 1.3% in the third quarter. Cullen Frost Bankers Inc. now owns 14,748 shares of the company’s stock worth $361,000 after buying an additional 186 shares in the last quarter. Advantus Capital Management Inc raised its position in shares of HollyFrontier Corporation by 0.9% in the third quarter. Advantus Capital Management Inc now owns 21,484 shares of the company’s stock worth $526,000 after buying an additional 193 shares in the last quarter. Finally, Stockman Asset Management raised its position in shares of HollyFrontier Corporation by 1.1% in the third quarter. Stockman Asset Management now owns 18,440 shares of the company’s stock worth $452,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.
HollyFrontier Corporation Company Profile
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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