Insider Buying: HollyFrontier Corp (HFC) Director Purchases 2,900 Shares of Stock

HollyFrontier Corp (NYSE:HFC) Director Franklin Myers acquired 2,900 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was bought at an average price of $42.78 per share, with a total value of $124,062.00. Following the acquisition, the director now directly owns 22,489 shares in the company, valued at $962,079.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE:HFC traded down $0.16 during mid-day trading on Thursday, hitting $43.56. The stock had a trading volume of 2,073,618 shares, compared to its average volume of 2,227,943. HollyFrontier Corp has a twelve month low of $42.19 and a twelve month high of $83.28. The company has a market capitalization of $7.31 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.99 and a current ratio of 1.99.

HollyFrontier (NYSE:HFC) last issued its earnings results on Thursday, May 2nd. The oil and gas company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.18. HollyFrontier had a net margin of 6.19% and a return on equity of 16.86%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the business posted $0.77 EPS. HollyFrontier’s revenue was down 5.6% on a year-over-year basis. As a group, equities analysts forecast that HollyFrontier Corp will post 4.54 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. CSat Investment Advisory L.P. lifted its position in HollyFrontier by 126.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 295 shares during the last quarter. We Are One Seven LLC bought a new position in shares of HollyFrontier during the fourth quarter worth approximately $37,000. Quantamental Technologies LLC bought a new position in shares of HollyFrontier during the first quarter worth approximately $40,000. Clarus Wealth Advisors bought a new position in shares of HollyFrontier during the first quarter worth approximately $43,000. Finally, Pinnacle Financial Partners Inc. bought a new position in shares of HollyFrontier during the first quarter worth approximately $49,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

Several equities analysts have recently weighed in on HFC shares. Piper Jaffray Companies restated a “neutral” rating on shares of HollyFrontier in a report on Thursday, January 10th. Barclays restated a “buy” rating and issued a $83.00 price objective on shares of HollyFrontier in a report on Thursday, February 21st. ValuEngine cut HollyFrontier from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 30th. Royal Bank of Canada reiterated a “buy” rating and issued a $66.00 target price on shares of HollyFrontier in a research note on Friday, February 22nd. Finally, Tudor Pickering downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $67.82.

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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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