HollyFrontier (NYSE:HFC) Coverage Initiated by Analysts at Barclays

Equities researchers at Barclays started coverage on shares of HollyFrontier (NYSE:HFC) in a research note issued to investors on Tuesday, The Fly reports. The firm set an “equal weight” rating and a $50.00 price target on the oil and gas company’s stock. Barclays‘s price target would suggest a potential upside of 3.46% from the company’s current price.

Several other research firms also recently issued reports on HFC. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, November 6th. ValuEngine downgraded HollyFrontier from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Co lifted their price target on HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.47.

Shares of HollyFrontier stock opened at $48.33 on Tuesday. The company has a market capitalization of $7.86 billion, a PE ratio of 7.50, a PEG ratio of 0.95 and a beta of 1.41. HollyFrontier has a 12 month low of $37.73 and a 12 month high of $58.88. The company has a current ratio of 2.07, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $50.53 and its 200 day simple moving average is $50.43.

HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.25. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the business posted $1.98 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Analysts predict that HollyFrontier will post 5.02 EPS for the current fiscal year.

In other news, CAO John W. Gann, Jr. sold 7,052 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $52.58, for a total value of $370,794.16. Following the completion of the transaction, the chief accounting officer now owns 26,136 shares in the company, valued at approximately $1,374,230.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas G. Creery sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $57.50, for a total value of $287,500.00. Following the completion of the transaction, the senior vice president now owns 90,004 shares of the company’s stock, valued at approximately $5,175,230. The disclosure for this sale can be found here. Insiders sold a total of 54,909 shares of company stock valued at $2,844,988 in the last 90 days. 0.49% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC grew its holdings in HollyFrontier by 244.6% during the second quarter. Nuveen Asset Management LLC now owns 1,165,064 shares of the oil and gas company’s stock worth $53,919,000 after purchasing an additional 827,015 shares during the period. North Point Portfolio Managers Corp OH bought a new position in HollyFrontier during the third quarter worth about $209,000. Parametric Portfolio Associates LLC grew its holdings in HollyFrontier by 5.9% during the third quarter. Parametric Portfolio Associates LLC now owns 955,971 shares of the oil and gas company’s stock worth $51,278,000 after purchasing an additional 53,097 shares during the period. Man Group plc grew its holdings in HollyFrontier by 2.9% during the third quarter. Man Group plc now owns 154,042 shares of the oil and gas company’s stock worth $8,263,000 after purchasing an additional 4,287 shares during the period. Finally, Bartlett & Co. LLC grew its holdings in HollyFrontier by 13,900.0% during the third quarter. Bartlett & Co. LLC now owns 980 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 973 shares during the period. Institutional investors and hedge funds own 84.80% 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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The Fly

Analyst Recommendations for HollyFrontier (NYSE:HFC)

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