Piper Jaffray Companies reaffirmed their neutral rating on shares of HollyFrontier (NYSE:HFC) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports.
Several other research firms have also recently commented on HFC. JPMorgan Chase & Co. raised their target price 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. ValuEngine cut shares of HollyFrontier from a hold rating to a sell rating in a research note on Tuesday, November 13th. Jefferies Financial Group restated a hold rating on shares of HollyFrontier in a research note on Thursday, December 20th. Cowen set a $76.00 target price on shares of HollyFrontier and gave the stock a hold rating in a research note on Monday, December 3rd. Finally, US Capital Advisors upgraded shares of HollyFrontier from a hold rating to an overweight rating in a research note on Monday, October 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $74.62.
HFC stock opened at $53.52 on Thursday. HollyFrontier has a one year low of $42.42 and a one year high of $83.28. The firm has a market capitalization of $9.17 billion, a PE ratio of 23.07, a PEG ratio of 0.83 and a beta of 1.19. The company has a quick ratio of 1.30, a current ratio of 2.50 and a debt-to-equity ratio of 0.37.
HollyFrontier (NYSE:HFC) last released its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.32. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the business earned $1.14 EPS. The business’s revenue was up 28.3% on a year-over-year basis. As a group, research analysts expect that HollyFrontier will post 6.03 EPS for the current year.
In related news, Director Robert J. Kostelnik sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $61.62, for a total value of $92,430.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of HFC. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of HollyFrontier in the third quarter worth approximately $116,000. Mainstay Capital Management LLC ADV acquired a new stake in shares of HollyFrontier in the second quarter worth approximately $137,000. First Hawaiian Bank acquired a new stake in shares of HollyFrontier in the third quarter worth approximately $147,000. Mutual Advisors LLC acquired a new stake in shares of HollyFrontier in the third quarter worth approximately $201,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in shares of HollyFrontier in the third quarter worth approximately $204,000. Institutional investors and hedge funds own 84.88% 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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