BidaskClub upgraded shares of HollyFrontier Corporation (NYSE:HFC) from a hold rating to a buy rating in a research note published on Friday, June 30th.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of HollyFrontier Corporation from a hold rating to a sell rating in a report on Monday, June 5th. Barclays PLC reissued an overweight rating and issued a $37.00 price objective (down previously from $39.00) on shares of HollyFrontier Corporation in a report on Friday, April 14th. Scotiabank set a $29.00 target price on shares of HollyFrontier Corporation and gave the stock a hold rating in a research note on Thursday, May 4th. Piper Jaffray Companies reaffirmed a neutral rating on shares of HollyFrontier Corporation in a research note on Thursday, May 25th. Finally, Credit Suisse Group cut shares of HollyFrontier Corporation from an outperform rating to a neutral rating and increased their price target for the stock from $30.00 to $33.00 in a research report on Thursday, May 4th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. HollyFrontier Corporation currently has an average rating of Hold and an average target price of $32.41.
HollyFrontier Corporation (NYSE HFC) traded down 1.81% on Friday, hitting $28.25. 2,028,103 shares of the stock were exchanged. The company has a 50-day moving average of $27.08 and a 200 day moving average of $27.70. HollyFrontier Corporation has a 12 month low of $22.63 and a 12 month high of $34.78. The firm’s market cap is $4.96 billion.
HollyFrontier Corporation (NYSE:HFC) last released its earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.08. HollyFrontier Corporation had a positive return on equity of 1.37% and a negative net margin of 2.82%. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company earned $0.12 EPS. HollyFrontier Corporation’s quarterly revenue was up 52.6% compared to the same quarter last year. Equities research analysts expect that HollyFrontier Corporation will post $1.11 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in HFC. BlackRock Inc. boosted its position in HollyFrontier Corporation by 7,017.5% in the first quarter. BlackRock Inc. now owns 21,293,640 shares of the oil and gas company’s stock valued at $603,462,000 after buying an additional 20,994,466 shares in the last quarter. Vanguard Group Inc. boosted its position in HollyFrontier Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 15,583,886 shares of the oil and gas company’s stock valued at $441,649,000 after buying an additional 634,370 shares in the last quarter. State Street Corp boosted its position in HollyFrontier Corporation by 4.1% in the first quarter. State Street Corp now owns 7,883,569 shares of the oil and gas company’s stock valued at $223,408,000 after buying an additional 308,388 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in HollyFrontier Corporation by 57.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,295,800 shares of the oil and gas company’s stock valued at $150,077,000 after buying an additional 1,926,908 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in HollyFrontier Corporation by 130.5% in the first quarter. Alliancebernstein L.P. now owns 3,475,785 shares of the oil and gas company’s stock valued at $98,504,000 after buying an additional 1,967,907 shares in the last quarter. 84.59% of the stock is owned by institutional investors.
About HollyFrontier Corporation
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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