Royal Bank Of Canada reissued their buy rating on shares of HollyFrontier Corporation (NYSE:HFC) in a research report report published on Wednesday, October 18th. The firm currently has a $42.00 target price on the oil and gas company’s stock.
Other analysts have also issued reports about the company. Scotiabank set a $29.00 target price on HollyFrontier Corporation and gave the stock a hold rating in a report on Monday, June 26th. Zacks Investment Research raised HollyFrontier Corporation from a sell rating to a hold rating in a research note on Tuesday, August 1st. BidaskClub lowered HollyFrontier Corporation from a buy rating to a hold rating in a research note on Wednesday, July 19th. Simmons reaffirmed a neutral rating and issued a $25.00 price objective (down from $27.00) on shares of HollyFrontier Corporation in a research note on Wednesday, July 12th. Finally, Barclays PLC reaffirmed an overweight rating and issued a $39.00 price objective (up from $37.00) on shares of HollyFrontier Corporation in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. HollyFrontier Corporation currently has an average rating of Hold and an average target price of $34.62.
Shares of HollyFrontier Corporation (NYSE HFC) traded up 0.47% during trading on Wednesday, reaching $36.27. 1,952,194 shares of the company were exchanged. The stock has a market capitalization of $6.36 billion, a P/E ratio of 46.03 and a beta of 1.23. The stock has a 50-day moving average of $35.15 and a 200 day moving average of $29.56. HollyFrontier Corporation has a 52-week low of $22.63 and a 52-week high of $37.00.
HollyFrontier Corporation (NYSE:HFC) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.20. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. HollyFrontier Corporation’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities analysts anticipate that HollyFrontier Corporation will post $1.76 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in HollyFrontier Corporation by 1.7% during the second quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock worth $435,236,000 after purchasing an additional 260,132 shares during the period. State Street Corp grew its stake in HollyFrontier Corporation by 3.9% during the second quarter. State Street Corp now owns 8,194,765 shares of the oil and gas company’s stock worth $225,091,000 after purchasing an additional 311,196 shares during the period. Dimensional Fund Advisors LP grew its stake in HollyFrontier Corporation by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,412,302 shares of the oil and gas company’s stock worth $148,687,000 after purchasing an additional 116,502 shares during the period. Principal Financial Group Inc. grew its stake in HollyFrontier Corporation by 129.6% during the second quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock worth $115,495,000 after purchasing an additional 2,373,560 shares during the period. Finally, Alliancebernstein L.P. grew its stake in HollyFrontier Corporation by 8.7% during the second quarter. Alliancebernstein L.P. now owns 3,776,442 shares of the oil and gas company’s stock worth $103,739,000 after purchasing an additional 300,657 shares during the period. 82.17% of the stock is owned by institutional investors and hedge funds.
HollyFrontier Corporation Company Profile
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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