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.
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.
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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