Somewhat Favorable Media Coverage Somewhat Unlikely to Impact HollyFrontier (HFC) Share Price
News coverage about HollyFrontier (NYSE:HFC) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. HollyFrontier earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 45.9475051119729 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Anatomy of Success: HollyFrontier (HFC) (zacks.com)
- Marathon Petroleum’s Short Interest in Q3 2018 (finance.yahoo.com)
- Your first trade for Wednesday, Sept 5 (finance.yahoo.com)
- Analyzing Marathon Petroleum’s Moving Averages (finance.yahoo.com)
- Stock Performance in Focus: HollyFrontier Corporation (HFC) (nysewired.com)
Several research analysts have commented on HFC shares. Royal Bank of Canada restated a “buy” rating and set a $70.00 price objective on shares of HollyFrontier in a report on Friday, August 3rd. ValuEngine downgraded HollyFrontier from a “strong-buy” rating to a “buy” rating in a report on Monday, June 11th. Argus raised their price objective on HollyFrontier to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 24th. Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Friday, May 18th. Finally, Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Thursday, July 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $62.18.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($0.18). HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. The company’s revenue was up 29.3% compared to the same quarter last year. equities research analysts forecast that HollyFrontier will post 5.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, August 23rd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.86%. HollyFrontier’s dividend payout ratio is presently 56.90%.
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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