HollyFrontier Corporation (NYSE:HFC) declared a quarterly dividend on Thursday, November 9th, Wall Street Journal reports. Investors of record on Tuesday, November 21st will be paid a dividend of 0.33 per share by the oil and gas company on Wednesday, December 13th. This represents a $1.32 annualized dividend and a yield of 3.08%. The ex-dividend date is Monday, November 20th.
HollyFrontier Corporation has increased its dividend payment by an average of 3.2% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. HollyFrontier Corporation has a dividend payout ratio of 63.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HollyFrontier Corporation to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 52.2%.
Shares of HollyFrontier Corporation (NYSE HFC) opened at $42.84 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. The company has a market cap of $7,418.88, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21. HollyFrontier Corporation has a one year low of $23.46 and a one year high of $43.27.
HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.18%. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. equities research analysts forecast that HollyFrontier Corporation will post 2.08 earnings per share for the current year.
Several research firms have commented on HFC. Macquarie reiterated an “underperform” rating on shares of HollyFrontier Corporation in a research note on Monday, October 23rd. Barclays PLC increased their price objective on shares of HollyFrontier Corporation from $47.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday. BidaskClub upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Goldman Sachs Group, Inc. (The) upgraded shares of HollyFrontier Corporation from a “sell” rating to a “neutral” rating and set a $26.00 price objective for the company in a research note on Thursday, November 2nd. Finally, Tudor Pickering upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.61.
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About HollyFrontier Corporation
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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