Q2 2019 EPS Estimates for HollyFrontier Corp (HFC) Decreased by Analyst

HollyFrontier Corp (NYSE:HFC) – Analysts at Piper Jaffray Companies reduced their Q2 2019 earnings per share estimates for HollyFrontier in a report released on Wednesday, May 15th. Piper Jaffray Companies analyst B. Fernandez now anticipates that the oil and gas company will post earnings of $1.34 per share for the quarter, down from their prior estimate of $1.61. Piper Jaffray Companies also issued estimates for HollyFrontier’s Q3 2019 earnings at $1.38 EPS, Q4 2019 earnings at $0.66 EPS, FY2019 earnings at $3.92 EPS, Q4 2020 earnings at $1.28 EPS and FY2020 earnings at $5.36 EPS.

HollyFrontier (NYSE:HFC) last released its earnings results on Thursday, May 2nd. The oil and gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.18. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.69 billion. HollyFrontier had a return on equity of 16.86% and a net margin of 6.19%. HollyFrontier’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS.

Other equities analysts also recently issued reports about the company. Credit Suisse Group dropped their target price on HollyFrontier from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. ValuEngine downgraded HollyFrontier from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Morgan Stanley set a $54.00 target price on HollyFrontier and gave the company a “hold” rating in a research report on Friday. Bank of America raised HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 target price for the company in a research report on Monday, April 29th. Finally, Goldman Sachs Group downgraded HollyFrontier from a “neutral” rating to a “sell” rating and dropped their target price for the company from $53.00 to $45.00 in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $66.98.

NYSE HFC opened at $42.94 on Friday. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 0.99. HollyFrontier has a 1-year low of $42.19 and a 1-year high of $83.28.

Hedge funds and other institutional investors have recently modified their holdings of the business. CSat Investment Advisory L.P. lifted its stake in HollyFrontier by 126.6% in the fourth quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 295 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of HollyFrontier during the fourth quarter worth approximately $37,000. Quantamental Technologies LLC purchased a new stake in shares of HollyFrontier during the first quarter worth approximately $40,000. Clarus Wealth Advisors purchased a new stake in shares of HollyFrontier during the first quarter worth approximately $43,000. Finally, Pinnacle Financial Partners Inc. purchased a new stake in shares of HollyFrontier during the first quarter worth approximately $49,000. Institutional investors own 86.39% of the company’s stock.

In related news, Director Michael Jennings sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $55.27, for a total transaction of $497,430.00. Following the completion of the sale, the director now owns 18,899 shares in the company, valued at $1,044,547.73. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Franklin Myers bought 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of $42.78 per share, with a total value of $124,062.00. Following the purchase, the director now owns 22,489 shares of the company’s stock, valued at $962,079.42. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, May 17th. HollyFrontier’s dividend payout ratio is presently 20.50%.

HollyFrontier Company Profile

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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Earnings History and Estimates for HollyFrontier (NYSE:HFC)

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