HollyFrontier (HFC) Now Covered by Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of HollyFrontier (NYSE:HFC) in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage issued an equal weight rating and a $65.00 price objective on the oil and gas company’s stock.

Other equities analysts have also issued research reports about the company. Tudor Pickering lowered HollyFrontier from a buy rating to a hold rating in a research note on Friday, February 8th. ValuEngine raised HollyFrontier from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Jefferies Financial Group reissued a hold rating on shares of HollyFrontier in a research note on Thursday, December 20th. Cowen set a $76.00 target price on HollyFrontier and gave the stock a hold rating in a research note on Monday, December 3rd. Finally, Piper Jaffray Companies reissued a neutral rating on shares of HollyFrontier in a research note on Thursday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $72.31.

Shares of HollyFrontier stock opened at $54.77 on Tuesday. HollyFrontier has a 52 week low of $42.42 and a 52 week high of $83.28. The firm has a market capitalization of $9.52 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. The company has a current ratio of 2.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37.

In related news, Director Robert J. Kostelnik sold 1,500 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $61.62, for a total transaction of $92,430.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HFC. State of Alaska Department of Revenue increased its holdings in HollyFrontier by 5.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 27,853 shares of the oil and gas company’s stock worth $1,946,000 after purchasing an additional 1,523 shares during the period. DNB Asset Management AS increased its holdings in HollyFrontier by 20.5% during the 3rd quarter. DNB Asset Management AS now owns 21,200 shares of the oil and gas company’s stock worth $1,482,000 after purchasing an additional 3,600 shares during the period. Bank of Montreal Can increased its holdings in HollyFrontier by 7.9% during the 3rd quarter. Bank of Montreal Can now owns 200,187 shares of the oil and gas company’s stock worth $13,993,000 after purchasing an additional 14,715 shares during the period. Scout Investments Inc. increased its holdings in HollyFrontier by 16.4% during the 3rd quarter. Scout Investments Inc. now owns 195,004 shares of the oil and gas company’s stock worth $13,631,000 after purchasing an additional 27,522 shares during the period. Finally, First Hawaiian Bank purchased a new stake in HollyFrontier during the 3rd quarter worth about $147,000. Institutional investors own 86.79% of the company’s stock.

About HollyFrontier

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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