HollyFrontier Corporation (NYSE:HFC) had its price target raised by Oppenheimer Holdings, Inc. to $47.00 in a research note released on Thursday morning. They currently have a neutral rating on the oil and gas company’s stock.
Several other research firms also recently issued reports on HFC. Wells Fargo & Company boosted their price objective on HollyFrontier Corporation from $33.00 to $40.00 and gave the stock a market perform rating in a report on Thursday. Barclays PLC began coverage on HollyFrontier Corporation in a research note on Thursday. They issued an overweight rating and a $47.00 price target for the company. Goldman Sachs Group, Inc. (The) raised HollyFrontier Corporation from a sell rating to a neutral rating and set a $26.00 target price for the company in a research report on Thursday. Scotiabank reiterated a buy rating and set a $39.00 price target on shares of HollyFrontier Corporation in a report on Wednesday, November 1st. Finally, Macquarie restated an underperform rating on shares of HollyFrontier Corporation in a research note on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. HollyFrontier Corporation presently has an average rating of Hold and a consensus price target of $36.89.
Shares of HollyFrontier Corporation (NYSE HFC) traded up $2.01 on Thursday, hitting $42.15. 1,525,050 shares of the stock traded hands, compared to its average volume of 2,520,000. HollyFrontier Corporation has a 52 week low of $22.63 and a 52 week high of $42.18. The firm has a market capitalization of $7,470.00, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.
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 for the quarter, beating analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.18%. The business 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 business earned $0.42 earnings per share. The company’s revenue was up 30.6% on a year-over-year basis. equities analysts expect that HollyFrontier Corporation will post 1.94 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HFC. Principal Financial Group Inc. raised its position in shares of 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. American Century Companies Inc. raised its position in shares of HollyFrontier Corporation by 148.2% during the third quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock worth $57,682,000 after purchasing an additional 957,494 shares during the period. Kempen Capital Management N.V. acquired a new stake in shares of HollyFrontier Corporation during the second quarter worth about $24,366,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of HollyFrontier Corporation by 741.1% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company’s stock worth $27,582,000 after purchasing an additional 884,754 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of HollyFrontier Corporation by 1,974.5% during the second quarter. Janus Henderson Group PLC now owns 638,955 shares of the oil and gas company’s stock worth $17,552,000 after purchasing an additional 608,155 shares during the period. 81.50% of the stock is currently owned by institutional investors.
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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