TheStreet Upgrades HollyFrontier Corp (HFC) to B

HollyFrontier Corp (NYSE:HFC) was upgraded by TheStreet from a “c+” rating to a “b” rating in a research report issued on Wednesday.

Several other brokerages have also recently commented on HFC. Scotiabank reissued a “buy” rating and set a $39.00 price target on shares of HollyFrontier Corp in a research report on Wednesday. Goldman Sachs Group, Inc. (The) raised shares of HollyFrontier Corp from a “sell” rating to a “neutral” rating and set a $26.00 price target on the stock in a research report on Thursday. Barclays PLC assumed coverage on shares of HollyFrontier Corp in a research report on Thursday. They set an “overweight” rating and a $47.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of HollyFrontier Corp from $33.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Oppenheimer Holdings, Inc. boosted their price target on shares of HollyFrontier Corp to $47.00 and gave the stock a “neutral” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HollyFrontier Corp has a consensus rating of “Hold” and a consensus price target of $36.39.

Shares of HollyFrontier Corp (HFC) traded up $0.49 during trading hours on Wednesday, reaching $40.14. 2,279,376 shares of the company’s stock traded hands, compared to its average volume of 2,390,325. The company has a quick ratio of 0.90, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. HollyFrontier Corp has a 52-week low of $22.63 and a 52-week high of $41.34. The company has a market cap of $7.12 billion, a PE ratio of 25.97, a PEG ratio of 2.18 and a beta of 1.20.

HollyFrontier Corp (NYSE:HFC) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.89 by $0.25. HollyFrontier Corp had a net margin of 2.55% and a return on equity of 5.23%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. research analysts expect that HollyFrontier Corp will post 1.84 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in HFC. Principal Financial Group Inc. grew its stake in HollyFrontier Corp by 129.6% in the 2nd quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock valued at $115,495,000 after buying an additional 2,373,560 shares during the last quarter. American Century Companies Inc. grew its stake in HollyFrontier Corp by 148.2% in the 3rd quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock valued at $57,682,000 after buying an additional 957,494 shares during the last quarter. Kempen Capital Management N.V. acquired a new position in HollyFrontier Corp in the 2nd quarter valued at about $24,366,000. Cornerstone Capital Management Holdings LLC. grew its stake in HollyFrontier Corp by 741.1% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company’s stock valued at $27,582,000 after buying an additional 884,754 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in HollyFrontier Corp by 1,974.5% in the 2nd quarter. Janus Henderson Group PLC now owns 638,955 shares of the oil and gas company’s stock valued at $17,552,000 after buying an additional 608,155 shares during the last quarter. Institutional investors and hedge funds own 82.27% of the company’s stock.

HollyFrontier Corp 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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