HollyFrontier Corp (HFC) CAO Sells $83,920.00 in Stock

HollyFrontier Corp (NYSE:HFC) CAO John W. Gann, Jr. sold 2,000 shares of the stock in a transaction dated Saturday, November 10th. The shares were sold at an average price of $41.96, for a total value of $83,920.00. Following the completion of the transaction, the chief accounting officer now owns 35,705 shares in the company, valued at approximately $1,498,181.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of HollyFrontier Corp (NYSE:HFC) opened at $52.40 on Thursday. HollyFrontier Corp has a 1 year low of $23.46 and a 1 year high of $53.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. The firm has a market capitalization of $9,262.52, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31.

HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. equities analysts predict that HollyFrontier Corp will post 2.35 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of HFC. Toronto Dominion Bank lifted its position in HollyFrontier by 6.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 235 shares during the period. FNY Managed Accounts LLC acquired a new stake in HollyFrontier during the 3rd quarter worth approximately $163,000. GLG Partners LP acquired a new stake in HollyFrontier during the 2nd quarter worth approximately $202,000. ZWJ Investment Counsel Inc. acquired a new stake in HollyFrontier during the 3rd quarter worth approximately $216,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in HollyFrontier during the 3rd quarter worth approximately $220,000. 83.21% of the stock is owned by institutional investors.

A number of research firms recently issued reports on HFC. Barclays restated a “buy” rating and set a $65.00 price target on shares of HollyFrontier in a research note on Wednesday, January 10th. Tudor Pickering downgraded HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Argus upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Monday, November 20th. Cowen restated a “market perform” rating and set a $38.00 price target (up previously from $35.00) on shares of HollyFrontier in a research note on Friday, December 8th. Finally, Macquarie upgraded HollyFrontier from an “underperform” rating to a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.71.

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HollyFrontier 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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