HollyFrontier (NYSE:HFC) Receives “Hold” Rating from Piper Jaffray Companies

HollyFrontier (NYSE:HFC)‘s stock had its “hold” rating restated by Piper Jaffray Companies in a research report issued to clients and investors on Friday, November 17th. They presently have a $38.00 price objective on the oil and gas company’s stock. Piper Jaffray Companies’ target price indicates a potential downside of 15.74% from the stock’s current price.

A number of other analysts also recently issued reports on HFC. Zacks Investment Research upgraded HollyFrontier from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Scotiabank upgraded HollyFrontier from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada lifted their target price on HollyFrontier from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Barclays raised their price target on HollyFrontier from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.20.

HollyFrontier (NYSE:HFC) traded down $0.80 during midday trading on Friday, hitting $45.10. The stock had a trading volume of 1,990,111 shares, compared to its average volume of 2,802,256. The company has a market cap of $7,854.97, a P/E ratio of 28.59, a P/E/G ratio of 1.99 and a beta of 1.31. HollyFrontier has a 52-week low of $23.46 and a 52-week high of $46.16. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.25. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. HollyFrontier’s revenue was up 30.6% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. equities analysts expect that HollyFrontier will post 2.23 EPS for the current fiscal year.

In other HollyFrontier news, Director Michael Jennings sold 4,500 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $44.50, for a total value of $200,250.00. Following the completion of the sale, the director now owns 49,717 shares of the company’s stock, valued at $2,212,406.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.51% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wedbush Securities Inc. boosted its holdings in HollyFrontier by 0.7% in the second quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock worth $299,000 after acquiring an additional 71 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in HollyFrontier by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 100 shares in the last quarter. World Asset Management Inc boosted its holdings in HollyFrontier by 1.1% in the second quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock worth $434,000 after acquiring an additional 173 shares in the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of HollyFrontier during the second quarter worth about $204,000. Finally, Toronto Dominion Bank lifted its holdings in shares of HollyFrontier by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 235 shares during the period. 83.31% of the stock is owned by institutional investors and hedge funds.

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HollyFrontier Company Profile

HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).

Analyst Recommendations for HollyFrontier (NYSE:HFC)

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