HollyFrontier (HFC) Upgraded at US Capital Advisors

HollyFrontier (NYSE:HFC) was upgraded by analysts at US Capital Advisors from a “hold” rating to an “overweight” rating in a report released on Monday. US Capital Advisors also issued estimates for HollyFrontier’s Q3 2018 earnings at $1.60 EPS and FY2018 earnings at $4.91 EPS.

Several other analysts have also recently commented on HFC. ValuEngine cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Royal Bank of Canada reissued a “buy” rating and set a $70.00 price target on shares of HollyFrontier in a research note on Friday, August 3rd. Jefferies Financial Group raised shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price target on the stock in a research note on Tuesday. Mizuho began coverage on shares of HollyFrontier in a research note on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price target on the stock. Finally, Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $65.00.

Shares of HollyFrontier stock opened at $67.27 on Monday. The company has a current ratio of 2.38, a quick ratio of 1.21 and a debt-to-equity ratio of 0.37. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.29 and a beta of 1.16. HollyFrontier has a 1-year low of $35.49 and a 1-year high of $83.28.

HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.18). HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company earned $0.66 earnings per share. HollyFrontier’s revenue for the quarter was up 29.3% compared to the same quarter last year. As a group, equities analysts anticipate that HollyFrontier will post 5.44 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in HFC. Millennium Management LLC lifted its holdings in HollyFrontier by 94.5% in the first quarter. Millennium Management LLC now owns 1,552,807 shares of the oil and gas company’s stock valued at $75,870,000 after buying an additional 754,562 shares during the period. BlueMountain Capital Management LLC acquired a new stake in HollyFrontier in the second quarter worth $49,174,000. Renaissance Technologies LLC raised its holdings in HollyFrontier by 76.9% in the second quarter. Renaissance Technologies LLC now owns 1,605,232 shares of the oil and gas company’s stock worth $109,846,000 after purchasing an additional 697,650 shares during the period. Natixis raised its holdings in HollyFrontier by 2,488.2% in the second quarter. Natixis now owns 506,950 shares of the oil and gas company’s stock worth $34,691,000 after purchasing an additional 487,363 shares during the period. Finally, Morgan Stanley raised its holdings in HollyFrontier by 31.8% in the second quarter. Morgan Stanley now owns 1,959,745 shares of the oil and gas company’s stock worth $134,107,000 after purchasing an additional 473,166 shares during the period. Institutional investors and hedge funds own 87.87% 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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Analyst Recommendations for HollyFrontier (NYSE:HFC)

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