HollyFrontier (NYSE:HFC) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $55.00 to $50.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has an “underweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 1.85% from the company’s previous close.

Several other analysts have also recently weighed in on HFC. Morgan Stanley set a $54.00 price objective on shares of HollyFrontier and gave the stock a “hold” rating in a research note on Friday, May 17th. ValuEngine upgraded shares of HollyFrontier from a “sell” rating to a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. HollyFrontier has a consensus rating of “Hold” and an average target price of $59.19.

HollyFrontier stock traded down $0.32 during midday trading on Tuesday, hitting $50.94. The company’s stock had a trading volume of 47,347 shares, compared to its average volume of 2,143,259. HollyFrontier has a 1-year low of $37.73 and a 1-year high of $72.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.08 and a quick ratio of 1.10. The company has a 50-day moving average price of $47.33 and a two-hundred day moving average price of $46.85. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.03 and a beta of 1.46.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.51. HollyFrontier had a net margin of 5.25% and a return on equity of 18.51%. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the company earned $1.45 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Sell-side analysts forecast that HollyFrontier will post 4.78 EPS for the current year.

In other news, Director Franklin Myers bought 2,500 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $49.72 per share, with a total value of $124,300.00. Following the acquisition, the director now directly owns 24,989 shares in the company, valued at $1,242,453.08. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in HollyFrontier by 17.5% in the 1st quarter. AQR Capital Management LLC now owns 11,776,317 shares of the oil and gas company’s stock valued at $580,219,000 after buying an additional 1,753,888 shares during the period. Northern Trust Corp increased its holdings in HollyFrontier by 1.4% in the 2nd quarter. Northern Trust Corp now owns 2,872,017 shares of the oil and gas company’s stock valued at $132,917,000 after buying an additional 39,797 shares during the period. AJO LP increased its holdings in HollyFrontier by 13.4% in the 1st quarter. AJO LP now owns 1,862,805 shares of the oil and gas company’s stock valued at $91,780,000 after buying an additional 220,651 shares during the period. LSV Asset Management increased its holdings in HollyFrontier by 21.8% in the 2nd quarter. LSV Asset Management now owns 1,796,657 shares of the oil and gas company’s stock valued at $83,149,000 after buying an additional 321,600 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in HollyFrontier by 13.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,482,086 shares of the oil and gas company’s stock valued at $72,800,000 after buying an additional 170,562 shares during the period. 84.39% of the stock is currently owned by hedge funds and other 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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