HollyFrontier (HFC) Shares Down 5.8%

HollyFrontier Corp (NYSE:HFC) dropped 5.8% on Monday . The stock traded as low as $57.65 and last traded at $58.85. Approximately 4,044,389 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 2,675,894 shares. The stock had previously closed at $62.47.

HFC has been the topic of several recent research reports. Cowen set a $76.00 price target on HollyFrontier and gave the stock a “hold” rating in a research note on Monday. US Capital Advisors cut HollyFrontier from an “overweight” rating to a “hold” rating in a research note on Friday, September 7th. Jefferies Financial Group raised HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price target on the stock in a research note on Tuesday, October 16th. ValuEngine cut HollyFrontier from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Finally, JPMorgan Chase & Co. upped their price target on HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.62.

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.50 and a quick ratio of 1.30. The firm has a market capitalization of $10.82 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.

HollyFrontier (NYSE:HFC) last released its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.32. HollyFrontier had a return on equity of 13.94% and a net margin of 8.51%. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities analysts anticipate that HollyFrontier Corp will post 5.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is 56.90%.

A number of institutional investors have recently added to or reduced their stakes in HFC. Premia Global Advisors LLC bought a new stake in HollyFrontier in the second quarter worth $101,000. Honkamp Krueger Financial Services Inc. bought a new stake in HollyFrontier in the third quarter worth $116,000. Mainstay Capital Management LLC ADV bought a new stake in HollyFrontier in the second quarter worth $137,000. First Hawaiian Bank bought a new stake in HollyFrontier in the third quarter worth $147,000. Finally, Advisors Preferred LLC bought a new stake in HollyFrontier in the second quarter worth $175,000. 85.66% of the stock is currently owned by institutional investors and hedge funds.

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HollyFrontier Company Profile (NYSE:HFC)

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

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