HollyFrontier (NYSE:HFC)‘s stock had its “market perform” rating reiterated by Cowen in a research report issued on Friday, December 8th, Marketbeat Ratings reports. They currently have a $38.00 price objective on the oil and gas company’s stock, up from their previous price objective of $35.00. Cowen’s price objective indicates a potential downside of 25.93% from the company’s current price.
HFC has been the topic of a number of other research reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $38.00 price target on shares of HollyFrontier in a research report on Friday, November 17th. Macquarie reaffirmed an “underperform” rating on shares of HollyFrontier in a research report on Monday, October 23rd. Barclays raised their price target on HollyFrontier from $47.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Argus raised HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Monday, November 20th. Finally, Goldman Sachs Group raised HollyFrontier from a “sell” rating to a “neutral” rating and set a $26.00 target price on the stock in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.67.
Shares of HollyFrontier (HFC) traded up $0.08 on Friday, reaching $51.30. The company’s stock had a trading volume of 2,449,500 shares, compared to its average volume of 2,370,000. The company has a market capitalization of $9,090.00, a PE ratio of 27.00, a P/E/G ratio of 2.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. HollyFrontier has a 12-month low of $23.46 and a 12-month high of $52.06.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. HollyFrontier’s revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. equities analysts expect that HollyFrontier will post 2.38 earnings per share for the current fiscal year.
In other HollyFrontier news, Director James H. Lee sold 5,149 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total value of $242,878.33. Following the completion of the transaction, the director now directly owns 52,240 shares in the company, valued at $2,464,160.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James M. Stump sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $51.21, for a total value of $1,536,300.00. Following the completion of the transaction, the senior vice president now owns 41,849 shares of the company’s stock, valued at $2,143,087.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,649 shares of company stock valued at $3,515,728. Corporate insiders own 0.51% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HFC. Toronto Dominion Bank boosted its stake in shares of HollyFrontier by 6.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 235 shares during the period. Ffcm LLC boosted its stake in shares of HollyFrontier by 2,500.0% during the 2nd quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 4,450 shares during the period. IFP Advisors Inc boosted its stake in shares of HollyFrontier by 304.6% during the 2nd quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 3,674 shares during the period. FNY Managed Accounts LLC bought a new position in shares of HollyFrontier during the 3rd quarter worth approximately $163,000. Finally, GLG Partners LP bought a new stake in HollyFrontier in the 2nd quarter valued at $202,000. Institutional investors own 83.21% of the company’s stock.
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HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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