HollyFrontier Corp. (HFC) Stock Price Down 2.2%
HollyFrontier Corp. (NYSE:HFC)’s share price was down 2.2% during trading on Thursday . The company traded as low as $25.62 and last traded at $25.72, with a volume of 1,937,857 shares traded. The stock had previously closed at $26.31.
A number of equities analysts have commented on HFC shares. Vetr cut shares of HollyFrontier Corp. from a “strong-buy” rating to a “buy” rating and set a $28.32 price objective for the company. in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of HollyFrontier Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 7th. Deutsche Bank AG cut shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $53.00 to $30.00 in a research report on Tuesday, July 12th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $32.00 price objective on shares of HollyFrontier Corp. in a research report on Thursday, July 14th. Finally, Wolfe Research cut shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. HollyFrontier Corp. presently has a consensus rating of “Hold” and an average price target of $36.59.
The firm’s market capitalization is $4.51 billion. The company has a 50-day moving average of $25.39 and a 200 day moving average of $29.60.
HollyFrontier Corp. (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.04. The business earned $2.71 billion during the quarter, compared to analyst estimates of $2.35 billion. HollyFrontier Corp.’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 earnings per share. On average, analysts forecast that HollyFrontier Corp. will post $0.73 EPS for the current year.
The business also recently declared 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 of this dividend is Friday, August 19th. This represents a $1.32 dividend on an annualized basis and a yield of 5.14%.
A number of institutional investors recently made changes to their positions in the company. Jennison Associates LLC boosted its position in shares of 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. BNP Paribas Arbitrage SA boosted its position in shares of 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. Bank of Montreal Can boosted its position in shares of HollyFrontier Corp. by 386.2% in the fourth quarter. Bank of Montreal Can now owns 314,254 shares of the company’s stock worth $12,536,000 after buying an additional 249,618 shares during the period. Finally, BlackRock Advisors LLC boosted its position in shares of HollyFrontier Corp. by 149.2% in the fourth quarter. BlackRock Advisors LLC now owns 391,116 shares of the company’s stock worth $15,601,000 after buying an additional 234,163 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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