HollyFrontier Corp (NYSE:HFC) – Stock analysts at Jefferies Financial Group lowered their FY2019 earnings estimates for shares of HollyFrontier in a report issued on Thursday, January 16th. Jefferies Financial Group analyst C. Sighinolfi now anticipates that the oil and gas company will post earnings per share of $4.86 for the year, down from their prior forecast of $5.18. Jefferies Financial Group also issued estimates for HollyFrontier’s Q1 2020 earnings at $0.51 EPS, Q2 2020 earnings at $1.39 EPS, Q3 2020 earnings at $1.80 EPS and FY2024 earnings at $5.09 EPS.
Several other analysts also recently issued reports on HFC. ValuEngine downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, November 6th. Wells Fargo & Co upped their price objective on shares of HollyFrontier from $48.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. Finally, Barclays assumed coverage on shares of HollyFrontier in a report on Tuesday, January 14th. They set an “equal weight” rating and a $50.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.47.
NYSE HFC opened at $46.92 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $50.10 and a 200 day simple moving average of $50.46. The company has a market cap of $7.57 billion, a P/E ratio of 9.37, a P/E/G ratio of 0.93 and a beta of 1.41. HollyFrontier has a 1 year low of $37.73 and a 1 year high of $58.88.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.25. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.20 billion. HollyFrontier had a net margin of 4.89% and a return on equity of 17.42%. HollyFrontier’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 EPS.
In related news, SVP Thomas G. Creery sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 90,004 shares in the company, valued at approximately $5,175,230. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO John W. Gann, Jr. sold 8,150 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $50.82, for a total transaction of $414,183.00. Following the transaction, the chief accounting officer now owns 23,597 shares of the company’s stock, valued at $1,199,199.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,909 shares of company stock valued at $2,844,988. Corporate insiders own 0.49% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in HFC. Cornerstone Advisors Inc. raised its stake in shares of HollyFrontier by 66.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 526 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 210 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of HollyFrontier by 1.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,562 shares of the oil and gas company’s stock valued at $953,000 after buying an additional 237 shares in the last quarter. Cypress Capital Group raised its stake in shares of HollyFrontier by 5.0% in the 3rd quarter. Cypress Capital Group now owns 5,104 shares of the oil and gas company’s stock valued at $274,000 after buying an additional 242 shares in the last quarter. PFG Advisors raised its stake in shares of HollyFrontier by 4.1% in the 3rd quarter. PFG Advisors now owns 7,172 shares of the oil and gas company’s stock valued at $375,000 after buying an additional 285 shares in the last quarter. Finally, BB&T Corp raised its stake in shares of HollyFrontier by 1.5% in the 3rd quarter. BB&T Corp now owns 21,303 shares of the oil and gas company’s stock valued at $1,143,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.
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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