Shares of HollyFrontier Corp (NYSE:HFC) have been assigned an average rating of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $73.77.
Several brokerages recently issued reports on HFC. JPMorgan Chase & Co. lifted their price objective on HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 14th. ValuEngine downgraded HollyFrontier from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Mizuho began coverage on HollyFrontier in a research report on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price objective for the company. US Capital Advisors downgraded HollyFrontier from an “overweight” rating to a “hold” rating in a research report on Friday, September 7th. Finally, Jefferies Financial Group upgraded HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price objective for the company in a research report on Tuesday, October 16th.
Institutional investors and hedge funds have recently modified their holdings of the business. Premia Global Advisors LLC acquired a new position in HollyFrontier in the 2nd quarter valued at $101,000. Honkamp Krueger Financial Services Inc. acquired a new position in HollyFrontier in the 3rd quarter valued at $116,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in HollyFrontier by 375.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $130,000 after acquiring an additional 1,500 shares during the last quarter. Mainstay Capital Management LLC ADV acquired a new position in HollyFrontier in the 2nd quarter valued at $137,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of HollyFrontier during the 2nd quarter valued at $145,000. Institutional investors own 87.22% of the company’s stock.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.32. HollyFrontier had a return on equity of 13.94% and a net margin of 8.51%. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, research analysts expect that HollyFrontier will post 5.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.32 annualized dividend and a yield of 2.31%. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.
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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