BidaskClub upgraded shares of HollyFrontier Corporation (NYSE:HFC) from a hold rating to a buy rating in a research note published on Saturday, August 5th.
Other equities analysts have also recently issued research reports about the company. US Capital Advisors reissued a hold rating on shares of HollyFrontier Corporation in a research report on Monday, May 22nd. Zacks Investment Research raised HollyFrontier Corporation from a sell rating to a hold rating in a research report on Tuesday, August 1st. Simmons reaffirmed a neutral rating and issued a $25.00 price target (down previously from $27.00) on shares of HollyFrontier Corporation in a report on Wednesday, July 12th. Scotiabank set a $29.00 price target on HollyFrontier Corporation and gave the company a hold rating in a report on Monday, June 26th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $37.00 price target on shares of HollyFrontier Corporation in a report on Thursday, June 15th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $30.32.
HollyFrontier Corporation (NYSE:HFC) traded up 0.88% during midday trading on Friday, reaching $27.66. The company’s stock had a trading volume of 1,821,234 shares. HollyFrontier Corporation has a 52 week low of $22.63 and a 52 week high of $34.78. The firm has a market capitalization of $4.85 billion, a PE ratio of 35.10 and a beta of 1.24. The stock has a 50 day moving average of $28.19 and a 200 day moving average of $27.61.
HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm’s revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts predict that HollyFrontier Corporation will post $1.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be paid a $0.33 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.32 annualized dividend and a dividend yield of 4.77%. HollyFrontier Corporation’s dividend payout ratio is currently 167.09%.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in HollyFrontier Corporation by 7,017.5% in the first quarter. BlackRock Inc. now owns 21,293,640 shares of the oil and gas company’s stock valued at $603,462,000 after buying an additional 20,994,466 shares in the last quarter. Vanguard Group Inc. raised its stake in HollyFrontier Corporation by 1.7% in the second quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock worth $435,236,000 after buying an additional 260,132 shares during the period. State Street Corp raised its stake in HollyFrontier Corporation by 3.9% in the second quarter. State Street Corp now owns 8,194,765 shares of the oil and gas company’s stock worth $225,091,000 after buying an additional 311,196 shares during the period. Dimensional Fund Advisors LP raised its stake in HollyFrontier Corporation by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,412,302 shares of the oil and gas company’s stock worth $148,687,000 after buying an additional 116,502 shares during the period. Finally, Principal Financial Group Inc. raised its stake in HollyFrontier Corporation by 129.6% in the second quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock worth $115,495,000 after buying an additional 2,373,560 shares during the period. Institutional investors own 86.90% of the company’s stock.
About HollyFrontier Corporation
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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