HollyFrontier Corporation (NYSE:HFC) traded up NaN during trading on Wednesday following a better than expected earnings announcement. The company traded as high as $39.77 and last traded at $0.00. 5,262,921 shares were traded during trading, an increase of Infinity from the average session volume of 0 shares. The oil and gas company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.26. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue was up 30.6% on a year-over-year basis.
Several research analysts have recently issued reports on the stock. Barclays PLC restated an “overweight” rating and issued a $39.00 target price (up previously from $37.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. BidaskClub cut shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Howard Weil raised their target price on shares of HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a report on Thursday, September 28th. Finally, Scotiabank upgraded shares of HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.62.
Large investors have recently added to or reduced their stakes in the stock. Vantage Financial Partners Ltd. Inc. purchased a new position in HollyFrontier Corporation during the second quarter valued at $204,000. AT Bancorp purchased a new position in HollyFrontier Corporation during the second quarter valued at $104,000. Toronto Dominion Bank lifted its position in HollyFrontier Corporation by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 235 shares during the period. Ffcm LLC lifted its position in HollyFrontier Corporation by 2,500.0% during the second quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 4,450 shares during the period. Finally, IFP Advisors Inc lifted its position in HollyFrontier Corporation by 304.6% during the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 3,674 shares during the period. Institutional investors and hedge funds own 82.27% of the company’s stock.
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).
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.