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.
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.
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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