HollyFrontier (NYSE:HFC) had its price target boosted by Morgan Stanley from $75.00 to $82.00 in a research report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has a hold rating on the oil and gas company’s stock.

HFC has been the subject of a number of other reports. Zacks Investment Research lowered shares of HollyFrontier from a buy rating to a hold rating in a report on Friday, May 11th. Barclays raised their price target on shares of HollyFrontier from $61.00 to $80.00 and gave the company an overweight rating in a report on Thursday, May 3rd. Deutsche Bank lowered their price target on shares of HollyFrontier from $59.00 to $56.00 and set a buy rating for the company in a report on Monday, March 19th. ValuEngine lowered shares of HollyFrontier from a strong-buy rating to a buy rating in a report on Monday, June 11th. Finally, Credit Suisse Group raised their price target on shares of HollyFrontier from $70.00 to $85.00 and gave the company an outperform rating in a report on Monday, June 4th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. HollyFrontier presently has a consensus rating of Hold and a consensus target price of $60.31.

HollyFrontier opened at $71.60 on Monday, MarketBeat Ratings reports. HollyFrontier has a 52-week low of $26.99 and a 52-week high of $83.28. The firm has a market capitalization of $12.46 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. The company has a quick ratio of 1.16, a current ratio of 2.25 and a debt-to-equity ratio of 0.39.

HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.40. HollyFrontier had a net margin of 7.31% and a return on equity of 10.21%. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the prior year, the business earned ($0.19) earnings per share. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. research analysts anticipate that HollyFrontier will post 5.85 EPS for the current fiscal year.

In other HollyFrontier news, SVP Thomas G. Creery sold 20,000 shares of the firm’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $67.67, for a total transaction of $1,353,400.00. Following the completion of the transaction, the senior vice president now directly owns 87,169 shares of the company’s stock, valued at approximately $5,898,726.23. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John W. Gann, Jr. sold 8,500 shares of the firm’s stock in a transaction on Friday, May 4th. The stock was sold at an average price of $66.39, for a total transaction of $564,315.00. Following the transaction, the vice president now directly owns 25,205 shares of the company’s stock, valued at $1,673,359.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 222,592 shares of company stock valued at $15,795,344. Company insiders own 0.51% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. World Asset Management Inc grew its holdings in HollyFrontier by 5.6% during the 2nd quarter. World Asset Management Inc now owns 14,311 shares of the oil and gas company’s stock worth $979,000 after acquiring an additional 756 shares in the last quarter. Westpac Banking Corp grew its holdings in HollyFrontier by 51.8% during the 2nd quarter. Westpac Banking Corp now owns 27,617 shares of the oil and gas company’s stock worth $1,890,000 after acquiring an additional 9,427 shares in the last quarter. Pendal Group Ltd grew its holdings in HollyFrontier by 119.6% during the 2nd quarter. Pendal Group Ltd now owns 190,553 shares of the oil and gas company’s stock worth $13,040,000 after acquiring an additional 103,771 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in HollyFrontier during the 2nd quarter worth $2,096,000. Finally, Smithfield Trust Co. grew its holdings in HollyFrontier by 2,619.0% during the 2nd quarter. Smithfield Trust Co. now owns 2,855 shares of the oil and gas company’s stock worth $195,000 after acquiring an additional 2,750 shares in the last quarter. 83.35% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for HollyFrontier (NYSE:HFC)

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