Wall Street brokerages expect HollyFrontier Corporation (NYSE:HFC) to post earnings of $0.73 per share for the current quarter, Zacks reports. Three analysts have issued estimates for HollyFrontier Corporation’s earnings. The highest EPS estimate is $1.15 and the lowest is $0.55. HollyFrontier Corporation reported earnings per share of $0.38 in the same quarter last year, which indicates a positive year over year growth rate of 92.1%. The business is scheduled to announce its next earnings results on Thursday, November 2nd.
On average, analysts expect that HollyFrontier Corporation will report full-year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.11 to $1.90. For the next financial year, analysts forecast that the company will post earnings of $2.03 per share, with EPS estimates ranging from $1.04 to $3.08. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for HollyFrontier Corporation.
HollyFrontier Corporation (NYSE:HFC) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 27.4% compared to the same quarter last year.
A number of analysts have recently commented on HFC shares. BidaskClub upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $37.00 target price on shares of HollyFrontier Corporation in a research report on Thursday, June 15th. Scotiabank reaffirmed a “buy” rating and issued a $33.00 target price on shares of HollyFrontier Corporation in a research report on Friday. US Capital Advisors reaffirmed a “hold” rating on shares of HollyFrontier Corporation in a research report on Monday, May 22nd. Finally, Zacks Investment Research raised HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $31.15.
Several institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of HollyFrontier Corporation by 6.3% in the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 235 shares during the last quarter. Afam Capital Inc. boosted its stake in shares of HollyFrontier Corporation by 1.6% in the second quarter. Afam Capital Inc. now owns 192,604 shares of the oil and gas company’s stock valued at $5,291,000 after buying an additional 3,007 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of HollyFrontier Corporation by 7.1% in the second quarter. Public Employees Retirement System of Ohio now owns 78,995 shares of the oil and gas company’s stock valued at $2,170,000 after buying an additional 5,261 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of HollyFrontier Corporation by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 94,773 shares of the oil and gas company’s stock valued at $2,603,000 after buying an additional 790 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of HollyFrontier Corporation by 10.7% in the second quarter. California State Teachers Retirement System now owns 367,677 shares of the oil and gas company’s stock valued at $10,100,000 after buying an additional 35,524 shares during the period. 83.84% of the stock is currently owned by institutional investors.
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Shares of HollyFrontier Corporation (NYSE HFC) traded up 0.83% on Friday, reaching $32.98. The company’s stock had a trading volume of 2,125,937 shares. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $34.78. The company’s 50 day moving average is $29.67 and its 200-day moving average is $27.73. The stock has a market cap of $5.79 billion, a PE ratio of 41.85 and a beta of 1.21.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Monday, August 21st. HollyFrontier Corporation’s payout ratio is 167.09%.
HollyFrontier Corporation 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).
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