Barclays reissued their buy rating on shares of HollyFrontier (NYSE:HFC) in a research report released on Thursday. They currently have a $83.00 price target on the oil and gas company’s stock.
Other equities research analysts have also issued research reports about the company. Morgan Stanley initiated coverage on HollyFrontier in a report on Tuesday, February 12th. They issued an equal weight rating and a $65.00 price objective on the stock. ValuEngine upgraded HollyFrontier from a sell rating to a hold rating in a report on Wednesday, January 2nd. Jefferies Financial Group reiterated a hold rating on shares of HollyFrontier in a report on Thursday, December 20th. Cowen set a $76.00 price target on HollyFrontier and gave the company a hold rating in a report on Monday, December 3rd. Finally, Tudor Pickering cut shares of HollyFrontier from a buy rating to a hold rating in a research note on Friday, February 8th. Two research 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. The stock presently has an average rating of Hold and an average target price of $72.54.
HFC traded up $0.26 during trading on Thursday, reaching $55.51. The company’s stock had a trading volume of 19,878 shares, compared to its average volume of 1,885,551. HollyFrontier has a 52-week low of $42.42 and a 52-week high of $83.28. The firm has a market capitalization of $9.72 billion, a PE ratio of 8.65, a P/E/G ratio of 1.08 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.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 27th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, February 26th. This represents a $1.32 annualized dividend and a dividend yield of 2.38%. HollyFrontier’s dividend payout ratio is presently 20.50%.
In related news, Director Robert J. Kostelnik sold 1,500 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $61.62, for a total transaction of $92,430.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in HollyFrontier by 7.9% in 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 last quarter. First Hawaiian Bank bought a new position in shares of HollyFrontier in the third quarter valued at approximately $147,000. Aperio Group LLC boosted its holdings in shares of HollyFrontier by 29.9% in the third quarter. Aperio Group LLC now owns 102,175 shares of the oil and gas company’s stock valued at $7,142,000 after acquiring an additional 23,490 shares in the last quarter. Oakbrook Investments LLC boosted its holdings in shares of HollyFrontier by 35.2% in the third quarter. Oakbrook Investments LLC now owns 9,495 shares of the oil and gas company’s stock valued at $664,000 after acquiring an additional 2,470 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of HollyFrontier by 19.2% in the third quarter. Strs Ohio now owns 7,141 shares of the oil and gas company’s stock valued at $499,000 after acquiring an additional 1,152 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other institutional investors.
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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