Today, HollyFrontier Corp. (HFC) Receives Consensus Rating of “Hold” from Analysts

Today, HollyFrontier Corp. (HFC) Receives Consensus Rating of “Hold” from Analysts

HollyFrontier Corp. (NYSE:HFC) has received a consensus rating of “Hold” from the twenty-one research firms that are currently covering the stock. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $30.96.

Several analysts have recently weighed in on the stock. TheStreet lowered shares of HollyFrontier Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Morgan Stanley restated a “sell” rating and set a $26.00 price target on shares of HollyFrontier Corp. in a research note on Thursday, September 1st. Vetr lowered shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and set a $27.67 price target for the company. in a research note on Monday, August 15th. Howard Weil lowered shares of HollyFrontier Corp. from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $29.00 to $24.00 in a research note on Wednesday, October 19th. Finally, Barclays PLC restated a “buy” rating and set a $32.00 price target on shares of HollyFrontier Corp. in a research note on Friday, August 26th.

A number of large investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new stake in shares of HollyFrontier Corp. during the third quarter worth about $110,000. Assetmark Inc. purchased a new stake in shares of HollyFrontier Corp. during the second quarter worth about $113,000. TLP Group LLC purchased a new stake in shares of HollyFrontier Corp. during the third quarter worth about $134,000. Bellwether Investment Group LLC purchased a new stake in shares of HollyFrontier Corp. during the second quarter worth about $139,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of HollyFrontier Corp. by 143.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,869 shares of the company’s stock worth $164,000 after buying an additional 4,049 shares in the last quarter. Institutional investors and hedge funds own 82.05% of the company’s stock.

Shares of HollyFrontier Corp. (NYSE:HFC) traded down 1.27% during trading on Friday, hitting $28.09. 1,216,878 shares of the stock traded hands. The stock’s market cap is $4.94 billion. The stock has a 50 day moving average price of $25.25 and a 200-day moving average price of $25.52. HollyFrontier Corp. has a 1-year low of $22.07 and a 1-year high of $50.44.

HollyFrontier Corp. (NYSE:HFC) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The company earned $2.85 billion during the quarter, compared to analyst estimates of $2.60 billion. HollyFrontier Corp. had a negative net margin of 3.40% and a positive return on equity of 3.30%. HollyFrontier Corp.’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.82 EPS. Equities analysts forecast that HollyFrontier Corp. will post $0.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 28th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Wednesday, November 23rd. HollyFrontier Corp.’s dividend payout ratio is currently -65.02%.

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