HollyFrontier Corporation (HFC) Lifted to Buy at ValuEngine

HollyFrontier Corporation (NYSE:HFC) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.

HFC has been the topic of a number of other research reports. Zacks Investment Research upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, October 17th. BidaskClub downgraded HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. J P Morgan Chase & Co downgraded HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $33.00 to $34.00 in a research report on Friday, October 6th. Howard Weil increased their price objective on HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a research report on Thursday, September 28th. Finally, Cowen and Company reiterated a “hold” rating and issued a $30.00 price objective on shares of HollyFrontier Corporation in a research report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. HollyFrontier Corporation has an average rating of “Hold” and an average price target of $36.39.

HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. HollyFrontier Corporation had a return on equity of 5.23% and a net margin of 2.55%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the business posted $0.42 earnings per share. The firm’s revenue was up 30.6% compared to the same quarter last year.

WARNING: “HollyFrontier Corporation (HFC) Lifted to Buy at ValuEngine” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/11/02/hollyfrontier-corporation-hfc-lifted-to-buy-at-valuengine.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of HollyFrontier Corporation by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 2,760,488 shares of the oil and gas company’s stock worth $75,829,000 after buying an additional 11,604 shares during the period. Comerica Bank increased its holdings in shares of HollyFrontier Corporation by 0.6% in the second quarter. Comerica Bank now owns 153,411 shares of the oil and gas company’s stock worth $4,230,000 after buying an additional 964 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of HollyFrontier Corporation by 2.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 507,510 shares of the oil and gas company’s stock worth $13,941,000 after buying an additional 12,343 shares during the period. Schroder Investment Management Group increased its holdings in shares of HollyFrontier Corporation by 5.4% in the second quarter. Schroder Investment Management Group now owns 3,601,605 shares of the oil and gas company’s stock worth $100,845,000 after buying an additional 184,984 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of HollyFrontier Corporation by 1.7% in 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 buying an additional 260,132 shares during the period. Hedge funds and other institutional investors own 82.27% of the company’s stock.

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).

Analyst Recommendations for HollyFrontier Corporation (NYSE:HFC)

What are top analysts saying about HollyFrontier Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for HollyFrontier Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit