HollyFrontier (HFC) Upgraded at ValuEngine

HollyFrontier (NYSE:HFC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other analysts have also weighed in on the company. Cowen reissued a “hold” rating and issued a $30.00 target price on shares of HollyFrontier in a report on Tuesday, October 17th. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, October 17th. JPMorgan Chase & Co. lowered HollyFrontier from a “neutral” rating to an “underweight” rating and upped their target price for the company from $33.00 to $34.00 in a report on Friday, October 6th. Royal Bank of Canada upped their target price on HollyFrontier from $42.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $38.00 target price on shares of HollyFrontier in a report on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.67.

HollyFrontier (HFC) opened at $51.22 on Friday. HollyFrontier has a twelve month low of $23.46 and a twelve month high of $52.00. The firm has a market capitalization of $9,130.00, a price-to-earnings ratio of 26.96, a P/E/G ratio of 2.15 and a beta of 1.30. 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 (NYSE:HFC) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. HollyFrontier’s quarterly revenue was up 30.6% on a year-over-year basis. analysts expect that HollyFrontier will post 2.38 EPS for the current fiscal year.

In other news, Director Michael Jennings sold 4,500 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $44.50, for a total value of $200,250.00. Following the sale, the director now directly owns 49,717 shares in the company, valued at $2,212,406.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Lee sold 5,149 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total value of $242,878.33. Following the completion of the sale, the director now owns 52,240 shares in the company, valued at $2,464,160.80. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of HFC. Russell Investments Group Ltd. lifted its position in shares of HollyFrontier by 15.6% in the second quarter. Russell Investments Group Ltd. now owns 77,152 shares of the oil and gas company’s stock valued at $2,120,000 after acquiring an additional 10,423 shares in the last quarter. Sei Investments Co. lifted its position in shares of HollyFrontier by 12.5% in the second quarter. Sei Investments Co. now owns 7,558 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 839 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of HollyFrontier by 17.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 924,264 shares of the oil and gas company’s stock valued at $25,390,000 after acquiring an additional 135,085 shares in the last quarter. GAM Holding AG lifted its position in shares of HollyFrontier by 64.2% in the second quarter. GAM Holding AG now owns 13,622 shares of the oil and gas company’s stock valued at $374,000 after acquiring an additional 5,326 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of HollyFrontier by 8.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 60,853 shares of the oil and gas company’s stock valued at $1,672,000 after acquiring an additional 4,711 shares in the last quarter. Institutional investors and hedge funds own 83.21% of the company’s stock.

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About HollyFrontier

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 (NYSE:HFC)

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