HollyFrontier Corp (NYSE:HFC) – Stock analysts at US Capital Advisors dropped their Q2 2019 EPS estimates for shares of HollyFrontier in a note issued to investors on Monday, April 15th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings per share of $1.56 for the quarter, down from their prior estimate of $1.82. US Capital Advisors also issued estimates for HollyFrontier’s Q3 2019 earnings at $1.58 EPS, Q1 2020 earnings at $0.98 EPS, Q3 2020 earnings at $1.76 EPS and FY2020 earnings at $5.50 EPS.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, February 20th. The oil and gas company reported $2.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.26. The firm had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.41 billion. HollyFrontier had a return on equity of 17.85% and a net margin of 6.20%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS.

Several other brokerages have also recently issued reports on HFC. Piper Jaffray Companies restated a “neutral” rating on shares of HollyFrontier in a research report on Thursday, January 10th. Barclays restated a “buy” rating and issued a $83.00 price target on shares of HollyFrontier in a research report on Thursday, February 21st. Jefferies Financial Group restated a “hold” rating on shares of HollyFrontier in a research report on Thursday, December 20th. Royal Bank of Canada restated a “buy” rating and issued a $66.00 price target on shares of HollyFrontier in a research report on Friday, February 22nd. Finally, ValuEngine cut HollyFrontier from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.38.

Shares of HFC stock opened at $48.49 on Tuesday. The stock has a market capitalization of $8.58 billion, a P/E ratio of 7.53, a P/E/G ratio of 1.02 and a beta of 1.17. HollyFrontier has a 52-week low of $46.75 and a 52-week high of $83.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 2.82.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in HollyFrontier by 0.4% in the 4th quarter. BlackRock Inc. now owns 16,317,339 shares of the oil and gas company’s stock valued at $834,142,000 after buying an additional 69,070 shares in the last quarter. AQR Capital Management LLC lifted its stake in HollyFrontier by 43.8% in the 3rd quarter. AQR Capital Management LLC now owns 9,453,335 shares of the oil and gas company’s stock valued at $660,788,000 after buying an additional 2,880,492 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in HollyFrontier by 3,730.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,828,019 shares of the oil and gas company’s stock valued at $75,000 after buying an additional 3,728,093 shares in the last quarter. APG Asset Management N.V. lifted its stake in HollyFrontier by 5.9% in the 4th quarter. APG Asset Management N.V. now owns 2,918,377 shares of the oil and gas company’s stock valued at $130,506,000 after buying an additional 161,400 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in HollyFrontier by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,855,274 shares of the oil and gas company’s stock valued at $145,962,000 after buying an additional 302,365 shares in the last quarter. 87.15% of the stock is currently owned by institutional investors.

In other HollyFrontier news, Director Michael Jennings sold 9,000 shares of HollyFrontier stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $55.27, for a total value of $497,430.00. Following the sale, the director now owns 18,899 shares of the company’s stock, valued at approximately $1,044,547.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

HollyFrontier Company Profile

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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Earnings History and Estimates for HollyFrontier (NYSE:HFC)

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