Morgan Stanley upgraded shares of HollyFrontier (NYSE:HFC) from an underweight rating to an equal weight rating in a report published on Friday, Marketbeat Ratings reports. Morgan Stanley currently has $60.00 price target on the oil and gas company’s stock.

A number of other research analysts have also recently issued reports on the stock. Howard Weil cut shares of HollyFrontier from a focus list rating to an outperform rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of HollyFrontier from a hold rating to a strong-buy rating and set a $51.00 target price for the company in a research note on Tuesday, February 13th. Jefferies Group initiated coverage on shares of HollyFrontier in a research note on Wednesday, January 24th. They issued an underperform rating and a $40.00 target price for the company. Macquarie upgraded shares of HollyFrontier from an underperform rating to a neutral rating in a research note on Tuesday, January 16th. Finally, Credit Suisse Group initiated coverage on shares of HollyFrontier in a research note on Wednesday, January 3rd. They issued a neutral rating and a $51.00 target price for the company. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. HollyFrontier has a consensus rating of Hold and a consensus target price of $46.12.

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HFC stock opened at $57.17 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.01 and a current ratio of 2.15. The stock has a market cap of $9,880.90, a P/E ratio of 24.64, a PEG ratio of 1.54 and a beta of 1.09. HollyFrontier has a twelve month low of $23.46 and a twelve month high of $57.39.

HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). HollyFrontier had a net margin of 5.65% and a return on equity of 7.51%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the firm posted ($0.06) EPS. The business’s revenue was up 35.1% on a year-over-year basis. sell-side analysts predict that HollyFrontier will post 3.62 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado raised its position in HollyFrontier by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 36,474 shares of the oil and gas company’s stock worth $1,868,000 after purchasing an additional 1,129 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in HollyFrontier by 11.2% during the 4th quarter. Xact Kapitalforvaltning AB now owns 17,035 shares of the oil and gas company’s stock worth $873,000 after acquiring an additional 1,712 shares during the period. Amalgamated Bank grew its holdings in HollyFrontier by 5.9% during the 4th quarter. Amalgamated Bank now owns 35,807 shares of the oil and gas company’s stock worth $1,834,000 after acquiring an additional 2,010 shares during the period. Sandy Spring Bank acquired a new stake in HollyFrontier during the 4th quarter worth $114,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in HollyFrontier by 6.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 38,140 shares of the oil and gas company’s stock worth $1,954,000 after acquiring an additional 2,400 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

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About HollyFrontier

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

Analyst Recommendations for HollyFrontier (NYSE:HFC)

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