HollyFrontier Corp. (HFC) Shares Down 1.6%
Shares of HollyFrontier Corp. (NYSE:HFC) were down 1.6% during trading on Thursday . The stock traded as low as $26.96 and last traded at $27.03, with a volume of 1,812,469 shares changing hands. The stock had previously closed at $27.48.
Several analysts have recently commented on HFC shares. Zacks Investment Research lowered HollyFrontier Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 10th. Morgan Stanley lowered HollyFrontier Corp. from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $41.00 to $26.00 in a report on Friday, June 17th. TheStreet lowered HollyFrontier Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Wolfe Research lowered HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, June 20th. Finally, Deutsche Bank AG lowered HollyFrontier Corp. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $53.00 to $30.00 in a research note on Tuesday, July 12th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $37.24.
The stock has a 50 day moving average of $25.13 and a 200-day moving average of $29.77. The stock’s market cap is $4.76 billion.
HollyFrontier Corp. (NYSE:HFC) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.04. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the company earned $1.88 EPS. HollyFrontier Corp.’s quarterly revenue was down 26.7% compared to the same quarter last year. On average, equities analysts anticipate that HollyFrontier Corp. will post $0.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders 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 annualized dividend and a yield of 4.87%.
A number of institutional investors recently added to or reduced their stakes in the stock. Jennison Associates LLC increased 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 valued at $2,132,000 after buying an additional 24,635 shares in the last quarter. BNP Paribas Arbitrage SA increased 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 valued at $4,571,000 after buying an additional 33,329 shares in the last quarter. Marshall Wace LLP bought a new position in HollyFrontier Corp. during the fourth quarter valued at about $5,713,000. Airain ltd bought a new position in HollyFrontier Corp. during the fourth quarter valued at about $7,249,000. Finally, Bank of Montreal Can increased its position 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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