HollyFrontier (HFC) Reaches New 52-Week High and Low After Analyst Upgrade

HollyFrontier (NYSE:HFC) shares reached a new 52-week high and low during mid-day trading on Thursday after Argus raised their price target on the stock to $85.00. Argus currently has a buy rating on the stock. HollyFrontier traded as low as $76.06 and last traded at $75.58, with a volume of 161208 shares traded. The stock had previously closed at $73.40.

HFC has been the subject of several other research reports. ValuEngine raised HollyFrontier from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank dropped their price objective on HollyFrontier from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, March 19th. Zacks Investment Research cut HollyFrontier from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Cowen lifted their price objective on HollyFrontier from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 21st. Finally, Barclays lifted their price objective on HollyFrontier from $61.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, May 3rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. HollyFrontier currently has an average rating of “Hold” and a consensus target price of $54.35.

In other HollyFrontier news, Director James H. Lee sold 9,000 shares of HollyFrontier stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $65.77, for a total value of $591,930.00. Following the completion of the sale, the director now owns 43,240 shares in the company, valued at approximately $2,843,894.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas G. Creery sold 20,000 shares of HollyFrontier stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $67.67, for a total value of $1,353,400.00. Following the completion of the sale, the senior vice president now owns 87,169 shares of the company’s stock, valued at approximately $5,898,726.23. The disclosure for this sale can be found here. Insiders sold a total of 163,821 shares of company stock valued at $11,052,187 in the last 90 days. 0.51% of the stock is owned by company insiders.



Institutional investors and hedge funds have recently bought and sold shares of the business. SNS Financial Group LLC purchased a new stake in HollyFrontier in the 4th quarter valued at about $220,000. Oakbrook Investments LLC purchased a new stake in HollyFrontier in the 4th quarter valued at about $384,000. Capital Analysts LLC grew its holdings in HollyFrontier by 43,903.6% in the 4th quarter. Capital Analysts LLC now owns 24,202 shares of the oil and gas company’s stock valued at $1,110,000 after buying an additional 24,147 shares during the period. MetLife Investment Advisors LLC purchased a new stake in HollyFrontier in the 4th quarter valued at about $5,745,000. Finally, Bessemer Group Inc. grew its holdings in HollyFrontier by 9.4% in the 4th quarter. Bessemer Group Inc. now owns 70,983 shares of the oil and gas company’s stock valued at $3,636,000 after buying an additional 6,098 shares during the period. Institutional investors own 83.75% of the company’s stock.

The company has a quick ratio of 1.16, a current ratio of 2.25 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $12.88 billion, a PE ratio of 32.65, a PEG ratio of 1.68 and a beta of 1.07.

HollyFrontier (NYSE:HFC) last issued its earnings results on Wednesday, May 2nd. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.40. HollyFrontier had a return on equity of 10.21% and a net margin of 7.31%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter in the previous year, the business earned ($0.19) EPS. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. analysts expect that HollyFrontier will post 4.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Wednesday, May 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, May 22nd. HollyFrontier’s payout ratio is currently 56.90%.

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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