HollyFrontier Corp Plans Quarterly Dividend of $0.30 (HFC)
HollyFrontier Corp (NYSE:HFC) declared a quarterly dividend on Wednesday, February 20th. Shareholders of record on Friday, March 15th will be given a dividend of $0.30 per share on Tuesday, April 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 2.23%.
Several analysts have also recently commented on the stock. Analysts at Wells Fargo downgraded shares of HollyFrontier Corp from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They noted that the move was a valuation call. On the ratings front, analysts at Deutsche Bank raised their price target on shares of HollyFrontier Corp from $45.00 to $68.00 in a research note to investors on Monday, February 11th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of HollyFrontier Corp in a research note to investors on Friday, February 1st.
Ten research analysts have rated the stock with a buy rating, three have assigned an overweight rating, and five have assigned a hold rating to the company’s stock. HollyFrontier Corp currently has an average rating of “overweight” and an average target price of $56.00.
Shares of HollyFrontier Corp (HFC) traded down 4.62% during mid-day trading on Wednesday, hitting $53.72. HollyFrontier Corp (HFC) has a one year low of $28.05 and a one year high of $57.07. The stock’s 50-day moving average is currently $49.36. The company has a market cap of $10.883 billion and a P/E ratio of 7.53.
HollyFrontier Corporation, formerly Holly Corporation, is an independent petroleum refiner that produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.
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