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.

WARNING: This story was published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.com-unik.info/2018/12/04/hollyfrontier-hfc-shares-down-5-8.html.

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.

See Also: The Role of a Fiduciary and Individual Investors

Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit