HollyFrontier (HFC) Upgraded at Macquarie

Macquarie upgraded shares of HollyFrontier (NYSE:HFC) from an underperform rating to a neutral rating in a report released on Tuesday morning, Marketbeat Ratings reports.

Several other equities research analysts also recently commented on HFC. Howard Weil upped their price objective on shares of HollyFrontier from $33.00 to $39.00 and gave the company a focus list rating in a report on Thursday, September 28th. Scotiabank raised shares of HollyFrontier from an outperform rating to a focus stock rating and upped their price objective for the company from $33.00 to $39.00 in a report on Saturday, September 30th. ValuEngine raised shares of HollyFrontier from a hold rating to a buy rating in a report on Sunday, December 31st. Cowen reiterated a hold rating and set a $30.00 price target on shares of HollyFrontier in a research report on Tuesday, October 17th. Finally, Barclays reiterated a buy rating and set a $65.00 price target on shares of HollyFrontier in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $42.93.

HollyFrontier (HFC) traded up $0.02 during midday trading on Tuesday, reaching $50.94. 1,800,000 shares of the company’s stock traded hands, compared to its average volume of 2,170,000. The stock has a market capitalization of $9,030.00, a P/E ratio of 26.81, a PEG ratio of 1.50 and a beta of 1.30. HollyFrontier has a 1-year low of $23.46 and a 1-year high of $53.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00.

HollyFrontier (NYSE:HFC) last released 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 business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The company’s revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. equities research analysts expect that HollyFrontier will post 2.35 EPS for the current fiscal year.

In related news, CAO John W. Gann, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Saturday, November 10th. The shares were sold at an average price of $41.96, for a total value of $83,920.00. Following the transaction, the chief accounting officer now directly owns 35,705 shares in the company, valued at $1,498,181.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James H. Lee sold 5,149 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total transaction of $242,878.33. Following the completion of the transaction, the director now owns 52,240 shares in the company, valued at $2,464,160.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,649 shares of company stock worth $4,062,308. Company insiders own 0.51% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank increased its position in shares of HollyFrontier by 6.3% in the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 235 shares during the last quarter. FNY Managed Accounts LLC bought a new position in shares of HollyFrontier in the third quarter worth approximately $163,000. Country Club Trust Company n.a. bought a new position in shares of HollyFrontier in the fourth quarter worth approximately $266,000. ZWJ Investment Counsel Inc. bought a new position in shares of HollyFrontier in the third quarter worth approximately $216,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of HollyFrontier in the third quarter worth approximately $220,000. Institutional investors own 83.21% of the company’s stock.

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HollyFrontier Company Profile

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).

Analyst Recommendations for HollyFrontier (NYSE:HFC)

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