HollyFrontier Corp. (HFC) Shares Up 2.1%
Shares of HollyFrontier Corp. (NYSE:HFC) shot up 2.1% on Tuesday . The stock traded as high as $26.00 and last traded at $25.22, with a volume of 2,676,006 shares trading hands. The stock had previously closed at $24.70.
A number of brokerages have commented on HFC. Deutsche Bank AG reiterated a “buy” rating on shares of HollyFrontier Corp. in a report on Saturday, April 9th. Barclays PLC dropped their price target on HollyFrontier Corp. from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, May 5th. Vetr lowered HollyFrontier Corp. from a “strong-buy” rating to a “buy” rating and set a $28.32 price target on the stock. in a research note on Wednesday. Credit Suisse Group AG dropped their price target on HollyFrontier Corp. from $60.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 11th. Finally, Simmons dropped their price target on HollyFrontier Corp. from $32.00 to $31.00 in a research note on Tuesday, April 12th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.58.
The stock has a market capitalization of $4.53 billion and a PE ratio of 8.937. The company’s 50-day moving average is $24.21 and its 200-day moving average is $30.34.
HollyFrontier Corp. (NYSE:HFC) last announced its earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.04. During the same quarter in the prior year, the business earned $1.88 EPS. The business earned $2.71 billion during the quarter, compared to the consensus estimate of $2.35 billion. The company’s revenue was down 26.7% on a year-over-year basis. On average, analysts predict that HollyFrontier Corp. will post $0.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Tuesday, August 23rd will be paid a $0.33 dividend. The ex-dividend date is Friday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.95%.
Other hedge funds have recently bought and sold shares of the company. Deere & Co. increased 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 last quarter. Aberdeen Asset Management PLC UK boosted its position in HollyFrontier Corp. by 13.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 34,332 shares of the company’s stock worth $1,593,000 after buying an additional 4,108 shares during the period. Jennison Associates LLC boosted its position 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 boosted its position 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 boosted its position 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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