Barclays PLC Reaffirms Buy Rating for HollyFrontier Corporation (HFC)

HollyFrontier Corporation (NYSE:HFC)‘s stock had its “buy” rating restated by stock analysts at Barclays PLC in a report issued on Wednesday. They presently have a $41.00 price objective on the stock. Barclays PLC’s price objective suggests a potential upside of 33.51% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank AG upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $38.00 in a research note on Wednesday, January 4th. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 20th. RBC Capital Markets reiterated an “outperform” rating and issued a $37.00 price target (up from $35.00) on shares of HollyFrontier Corporation in a research note on Tuesday, November 1st. TheStreet upgraded shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, December 1st. Finally, Vetr upgraded shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating and set a $23.33 price target on the stock in a research note on Monday, November 7th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.97.

Analyst Recommendations for HollyFrontier Corporation (NYSE:HFC)

Shares of HollyFrontier Corporation (NYSE:HFC) traded up 1.11% on Wednesday, hitting $31.05. 2,269,131 shares of the stock were exchanged. The firm’s market capitalization is $5.46 billion. HollyFrontier Corporation has a one year low of $22.07 and a one year high of $39.17. The company has a 50-day moving average price of $31.49 and a 200-day moving average price of $26.61.

HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. HollyFrontier Corporation had a negative net margin of 3.40% and a positive return on equity of 3.30%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the business posted $1.82 earnings per share. The firm’s quarterly revenue was down 20.6% on a year-over-year basis. Equities research analysts expect that HollyFrontier Corporation will post $0.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Monday, November 28th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Wednesday, November 23rd. HollyFrontier Corporation’s payout ratio is -65.02%.

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In related news, insider Michael Jennings sold 20,000 shares of HollyFrontier Corporation stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $30.05, for a total transaction of $601,000.00. Following the completion of the sale, the insider now owns 102,318 shares of the company’s stock, valued at approximately $3,074,655.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Lee sold 2,730 shares of HollyFrontier Corporation stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $31.72, for a total transaction of $86,595.60. Following the sale, the director now directly owns 54,199 shares of the company’s stock, valued at approximately $1,719,192.28. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Capstone Asset Management Co. increased its stake in shares of HollyFrontier Corporation by 2.8% in the second quarter. Capstone Asset Management Co. now owns 18,741 shares of the company’s stock valued at $445,000 after buying an additional 510 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of HollyFrontier Corporation by 66.9% in the second quarter. LS Investment Advisors LLC now owns 16,282 shares of the company’s stock valued at $387,000 after buying an additional 6,525 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of HollyFrontier Corporation by 139.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,701,297 shares of the company’s stock valued at $40,439,000 after buying an additional 991,853 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of HollyFrontier Corporation by 99.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 198,723 shares of the company’s stock valued at $4,724,000 after buying an additional 98,856 shares during the last quarter. Finally, United Bank VA increased its stake in shares of HollyFrontier Corporation by 14.8% in the second quarter. United Bank VA now owns 46,278 shares of the company’s stock valued at $1,100,000 after buying an additional 5,952 shares during the last quarter. 83.47% of the stock is owned by institutional investors and hedge funds.

HollyFrontier Corporation Company Profile

HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.

5 Day Chart for NYSE:HFC

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