Shares of HollyFrontier Corp (NYSE:HFC) have received a consensus rating of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $62.41.
Several equities analysts recently commented on the company. Morgan Stanley set a $54.00 target price on HollyFrontier and gave the company a “hold” rating in a research note on Friday, May 17th. ValuEngine lowered HollyFrontier from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, Bank of America upgraded HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 target price for the company in a research note on Monday, April 29th.
In other news, Director Franklin Myers purchased 2,500 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $49.72 per share, with a total value of $124,300.00. Following the completion of the transaction, the director now owns 24,989 shares in the company, valued at $1,242,453.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.
HollyFrontier stock traded down $1.99 during trading on Friday, hitting $43.63. The company’s stock had a trading volume of 1,955,655 shares, compared to its average volume of 2,212,052. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 0.92 and a beta of 1.45. The stock’s fifty day moving average is $47.90 and its 200 day moving average is $47.80. HollyFrontier has a 1-year low of $37.73 and a 1-year high of $76.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.08.
HollyFrontier (NYSE:HFC) last released its earnings results on Thursday, August 1st. The oil and gas company reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.51. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.31 billion. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share. On average, research analysts anticipate that HollyFrontier will post 4.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, August 21st. HollyFrontier’s dividend payout ratio (DPR) 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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