Barclays PLC Increases HollyFrontier Corporation (HFC) Price Target to $57.00
HollyFrontier Corporation (NYSE:HFC) had its price objective increased by stock analysts at Barclays PLC from $47.00 to $57.00 in a report issued on Tuesday. The firm currently has an “overweight” rating on the oil and gas company’s stock. Barclays PLC’s price target points to a potential upside of 30.26% from the stock’s current price.
A number of other research analysts have also recently commented on the company. Royal Bank Of Canada upped their price target on HollyFrontier Corporation from $42.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. TheStreet raised HollyFrontier Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, November 1st. ValuEngine raised HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Oppenheimer Holdings, Inc. upped their price target on HollyFrontier Corporation to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Company upped their price target on HollyFrontier Corporation from $33.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.61.
Shares of HollyFrontier Corporation (NYSE:HFC) traded up $0.87 during midday trading on Tuesday, hitting $43.76. The stock had a trading volume of 1,025,900 shares, compared to its average volume of 2,810,797. HollyFrontier Corporation has a 1 year low of $23.46 and a 1 year high of $43.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. The stock has a market cap of $7,594.38, a PE ratio of 27.64, a PEG ratio of 2.06 and a beta of 1.21.
HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. research analysts forecast that HollyFrontier Corporation will post 2.08 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in HFC. Teachers Advisors LLC increased its stake in HollyFrontier Corporation by 2.2% in the 1st quarter. Teachers Advisors LLC now owns 410,968 shares of the oil and gas company’s stock worth $11,647,000 after acquiring an additional 9,031 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in HollyFrontier Corporation by 28.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 15,323 shares of the oil and gas company’s stock worth $421,000 after acquiring an additional 3,424 shares during the last quarter. Capstone Asset Management Co. increased its stake in HollyFrontier Corporation by 5.5% in the 2nd quarter. Capstone Asset Management Co. now owns 24,957 shares of the oil and gas company’s stock worth $686,000 after acquiring an additional 1,310 shares during the last quarter. Bank of Montreal Can increased its position in shares of HollyFrontier Corporation by 401.7% during the 2nd quarter. Bank of Montreal Can now owns 539,055 shares of the oil and gas company’s stock valued at $14,808,000 after purchasing an additional 431,599 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in shares of HollyFrontier Corporation by 1,407.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 15,281 shares of the oil and gas company’s stock valued at $420,000 after purchasing an additional 14,267 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.
HollyFrontier Corporation Company Profile
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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