US Capital Advisors Weighs in on HollyFrontier Corp’s Q2 2019 Earnings (HFC)

HollyFrontier Corp (NYSE:HFC) – Stock analysts at US Capital Advisors dropped their Q2 2019 EPS estimates for shares of HollyFrontier in a note issued to investors on Monday, April 15th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings per share of $1.56 for the quarter, down from their prior estimate of $1.82. US Capital Advisors also issued estimates for HollyFrontier’s Q3 2019 earnings at $1.58 EPS, Q1 2020 earnings at $0.98 EPS, Q3 2020 earnings at $1.76 EPS and FY2020 earnings at $5.50 EPS.

HollyFrontier (NYSE:HFC) last issued its earnings results on Wednesday, February 20th. The oil and gas company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.26. HollyFrontier had a return on equity of 17.85% and a net margin of 6.20%. The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year.

A number of other brokerages also recently commented on HFC. Barclays restated a “buy” rating and issued a $83.00 target price on shares of HollyFrontier in a research note on Thursday, February 21st. Royal Bank of Canada restated a “buy” rating and issued a $66.00 target price on shares of HollyFrontier in a research note on Friday, February 22nd. Zacks Investment Research downgraded HollyFrontier from a “hold” rating to a “strong sell” rating in a research note on Monday, February 4th. Morgan Stanley assumed coverage on HollyFrontier in a research note on Tuesday, February 12th. They issued an “equal weight” rating and a $65.00 target price on the stock. Finally, Tudor Pickering downgraded HollyFrontier from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. HollyFrontier presently has an average rating of “Hold” and an average target price of $68.57.

Shares of HFC opened at $48.00 on Tuesday. HollyFrontier has a 52 week low of $46.75 and a 52 week high of $83.28. The company has a current ratio of 2.82, a quick ratio of 1.66 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $8.58 billion, a PE ratio of 7.45, a P/E/G ratio of 1.02 and a beta of 1.17.

Hedge funds have recently modified their holdings of the business. Pitcairn Co. boosted its position in HollyFrontier by 132.5% during the fourth quarter. Pitcairn Co. now owns 17,271 shares of the oil and gas company’s stock worth $883,000 after purchasing an additional 9,842 shares in the last quarter. CSat Investment Advisory L.P. boosted its position in HollyFrontier by 126.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 295 shares in the last quarter. Jackson Hole Capital Partners LLC purchased a new position in HollyFrontier during the fourth quarter worth approximately $294,000. State of Alaska Department of Revenue boosted its position in HollyFrontier by 6.4% during the fourth quarter. State of Alaska Department of Revenue now owns 29,631 shares of the oil and gas company’s stock worth $1,514,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Korea Investment CORP boosted its position in HollyFrontier by 2.8% during the fourth quarter. Korea Investment CORP now owns 469,751 shares of the oil and gas company’s stock worth $24,014,000 after purchasing an additional 12,900 shares in the last quarter. Institutional investors own 87.15% of the company’s stock.

In other HollyFrontier news, Director Michael Jennings sold 9,000 shares of the stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $55.27, for a total transaction of $497,430.00. Following the transaction, the director now owns 18,899 shares in the company, valued at $1,044,547.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

HollyFrontier Company Profile

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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Earnings History and Estimates for HollyFrontier (NYSE:HFC)

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