Shares of HollyFrontier Corp (NYSE:HFC) have received an average recommendation of “Hold” from the seventeen analysts that are covering the firm. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $33.04.
Several research analysts have recently issued reports on the company. Barclays PLC increased their price target on HollyFrontier Corp from $58.00 to $63.00 and gave the stock a “hold” rating in a research note on Monday. Scotiabank set a $29.00 price target on HollyFrontier Corp and gave the stock a “hold” rating in a research note on Monday, March 27th. Tudor Pickering cut HollyFrontier Corp from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Goldman Sachs Group Inc started coverage on HollyFrontier Corp in a research note on Monday, February 13th. They set a “sell” rating and a $26.00 target price for the company. Finally, Credit Suisse Group AG decreased their target price on HollyFrontier Corp from $38.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, January 26th.
In other news, Director Michael Jennings sold 13,000 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $28.40, for a total transaction of $369,200.00. Following the completion of the sale, the director now directly owns 49,727 shares of the company’s stock, valued at approximately $1,412,246.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. Assetmark Inc. increased its stake in HollyFrontier Corp by 5.6% in the third quarter. Assetmark Inc. now owns 5,021 shares of the oil and gas company’s stock worth $123,000 after buying an additional 265 shares during the period. TLP Group LLC bought a new position in shares of HollyFrontier Corp during the third quarter worth approximately $134,000. Trust Co raised its position in shares of HollyFrontier Corp by 7.0% in the second quarter. Trust Co now owns 8,590 shares of the oil and gas company’s stock worth $204,000 after buying an additional 565 shares in the last quarter. Cigna Investments Inc. New bought a new position in shares of HollyFrontier Corp during the fourth quarter worth approximately $206,000. Finally, GSA Capital Partners LLP bought a new position in shares of HollyFrontier Corp during the fourth quarter worth approximately $213,000. 80.52% of the stock is owned by institutional investors.
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HollyFrontier Corp (NYSE:HFC) traded up 3.84% during mid-day trading on Friday, reaching $27.88. 3,683,790 shares of the company’s stock traded hands. The stock’s market capitalization is $4.91 billion. The stock’s 50 day moving average is $27.51 and its 200-day moving average is $28.33. HollyFrontier Corp has a 52 week low of $22.07 and a 52 week high of $37.98.
HollyFrontier Corp (NYSE:HFC) last released its quarterly earnings results on Wednesday, February 22nd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. HollyFrontier Corp had a positive return on equity of 3.30% and a negative net margin of 3.40%. The company earned $2.96 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts anticipate that HollyFrontier Corp will post $1.59 EPS for the current year.
About HollyFrontier Corp
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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