HollyFrontier’s (HFC) “Neutral” Rating Reiterated at Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their neutral rating on shares of HollyFrontier (NYSE:HFC) in a research note released on Thursday morning, MarketBeat.com reports.

Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of HollyFrontier from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Jefferies Financial Group restated a hold rating on shares of HollyFrontier in a research note on Thursday, December 20th. Cowen set a $76.00 price target on shares of HollyFrontier and gave the stock a hold rating in a research note on Monday, December 3rd. US Capital Advisors upgraded shares of HollyFrontier from a hold rating to an overweight rating in a research note on Monday, October 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of HollyFrontier from $77.00 to $79.00 and gave the stock an underweight rating in a research note on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $74.62.

Shares of NYSE:HFC opened at $53.52 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.50 and a quick ratio of 1.30. The firm has a market capitalization of $9.17 billion, a P/E ratio of 23.07, a P/E/G ratio of 0.83 and a beta of 1.19. HollyFrontier has a 12-month low of $42.42 and a 12-month high of $83.28.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.32. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.42 billion. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Equities research analysts predict that HollyFrontier will post 6.03 earnings per share for the current year.

In other HollyFrontier news, Director Robert J. Kostelnik sold 1,500 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $61.62, for a total transaction of $92,430.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.57% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in HollyFrontier by 43.8% during the third quarter. AQR Capital Management LLC now owns 9,453,335 shares of the oil and gas company’s stock valued at $660,788,000 after purchasing an additional 2,880,492 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of HollyFrontier by 51.9% during the third quarter. Janus Henderson Group PLC now owns 2,663,824 shares of the oil and gas company’s stock valued at $186,201,000 after acquiring an additional 909,900 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of HollyFrontier by 6.3% during the third quarter. Bank of New York Mellon Corp now owns 2,552,909 shares of the oil and gas company’s stock valued at $178,448,000 after acquiring an additional 152,230 shares during the period. Northern Trust Corp boosted its holdings in shares of HollyFrontier by 4.2% during the second quarter. Northern Trust Corp now owns 2,459,478 shares of the oil and gas company’s stock valued at $168,301,000 after acquiring an additional 98,605 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of HollyFrontier by 38.4% during the second quarter. Millennium Management LLC now owns 2,148,646 shares of the oil and gas company’s stock valued at $147,032,000 after acquiring an additional 595,839 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.

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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Analyst Recommendations for HollyFrontier (NYSE:HFC)

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