Barclays started coverage on shares of HollyFrontier (NYSE:HFC) in a report issued on Tuesday, Benzinga reports. The firm issued an equal weight rating and a $50.00 target price on the oil and gas company’s stock.
Several other research analysts have also commented on the stock. Wells Fargo & Co raised their price target on shares of HollyFrontier from $48.00 to $51.00 and gave the company a market perform rating in a report on Wednesday, September 25th. ValuEngine lowered shares of HollyFrontier from a buy rating to a hold rating in a report on Thursday, November 14th. Finally, Zacks Investment Research upgraded shares of HollyFrontier from a hold rating to a buy rating and set a $60.00 price target on the stock in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $53.47.
NYSE HFC opened at $46.92 on Tuesday. HollyFrontier has a one year low of $37.73 and a one year high of $58.88. The company’s 50 day moving average price is $50.10 and its 200 day moving average price is $50.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 2.07. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 0.94 and a beta of 1.41.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.25. HollyFrontier had a net margin of 4.89% and a return on equity of 17.42%. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the firm posted $1.98 earnings per share. HollyFrontier’s revenue for the quarter was down 7.3% compared to the same quarter last year. Sell-side analysts forecast that HollyFrontier will post 5.02 EPS for the current fiscal year.
In other news, CFO Richard Lawrence Voliva III sold 20,000 shares of HollyFrontier stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $50.88, for a total transaction of $1,017,600.00. Following the sale, the chief financial officer now owns 66,415 shares in the company, valued at $3,379,195.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas G. Creery sold 5,000 shares of HollyFrontier stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $57.50, for a total transaction of $287,500.00. Following the sale, the senior vice president now owns 90,004 shares in the company, valued at approximately $5,175,230. The disclosure for this sale can be found here. Insiders have sold 54,909 shares of company stock worth $2,844,988 in the last quarter. Insiders own 0.49% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its position in shares of HollyFrontier by 244.6% during the second quarter. Nuveen Asset Management LLC now owns 1,165,064 shares of the oil and gas company’s stock worth $53,919,000 after buying an additional 827,015 shares in the last quarter. North Point Portfolio Managers Corp OH acquired a new stake in shares of HollyFrontier during the third quarter worth approximately $209,000. Parametric Portfolio Associates LLC grew its position in shares of HollyFrontier by 5.9% during the third quarter. Parametric Portfolio Associates LLC now owns 955,971 shares of the oil and gas company’s stock worth $51,278,000 after buying an additional 53,097 shares in the last quarter. Man Group plc grew its position in shares of HollyFrontier by 2.9% during the third quarter. Man Group plc now owns 154,042 shares of the oil and gas company’s stock worth $8,263,000 after buying an additional 4,287 shares in the last quarter. Finally, Bartlett & Co. LLC grew its position in shares of HollyFrontier by 13,900.0% during the third quarter. Bartlett & Co. LLC now owns 980 shares of the oil and gas company’s stock worth $53,000 after buying an additional 973 shares in the last quarter. 84.80% of the stock is owned by institutional investors and hedge funds.
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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