HollyFrontier (HFC) Reaches New 12-Month High and Low at $69.49

HollyFrontier (NYSE:HFC) hit a new 52-week high and low on Wednesday . The stock traded as low as $69.49 and last traded at $69.04, with a volume of 105108 shares traded. The stock had previously closed at $68.73.

HFC has been the topic of several research reports. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Friday, January 19th. Jefferies Group initiated coverage on shares of HollyFrontier in a research report on Wednesday, January 24th. They issued an “underperform” rating and a $40.00 price target on the stock. Royal Bank of Canada restated a “buy” rating and issued a $58.00 price target on shares of HollyFrontier in a research report on Tuesday, January 30th. ValuEngine upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Barclays restated a “buy” rating and issued a $61.00 price target on shares of HollyFrontier in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.65.

The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.16 and a current ratio of 2.25. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07.

HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.40. HollyFrontier had a net margin of 7.31% and a return on equity of 10.21%. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter in the previous year, the business posted ($0.19) earnings per share. The business’s revenue was up 34.0% compared to the same quarter last year. equities analysts expect that HollyFrontier will post 4.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Wednesday, May 23rd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, May 22nd. HollyFrontier’s payout ratio is presently 56.90%.

In other news, Director Franklin Myers sold 30,000 shares of the company’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $67.43, for a total value of $2,022,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas G. Creery sold 20,000 shares of the company’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $67.67, for a total transaction of $1,353,400.00. Following the completion of the transaction, the senior vice president now owns 87,169 shares in the company, valued at $5,898,726.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,821 shares of company stock worth $9,374,537. Company insiders own 0.51% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SNS Financial Group LLC bought a new position in shares of HollyFrontier in the fourth quarter worth about $220,000. Oakbrook Investments LLC purchased a new stake in HollyFrontier in the fourth quarter worth about $384,000. Capital Analysts LLC lifted its stake in HollyFrontier by 43,903.6% in the fourth quarter. Capital Analysts LLC now owns 24,202 shares of the oil and gas company’s stock worth $1,110,000 after acquiring an additional 24,147 shares during the period. MetLife Investment Advisors LLC purchased a new stake in HollyFrontier in the fourth quarter worth about $5,745,000. Finally, Bessemer Group Inc. lifted its stake in HollyFrontier by 9.4% in the fourth quarter. Bessemer Group Inc. now owns 70,983 shares of the oil and gas company’s stock worth $3,636,000 after acquiring an additional 6,098 shares during the period. Hedge funds and other institutional investors own 85.74% 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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