HollyFrontier Corporation (NYSE:HFC)‘s stock had its “overweight” rating restated by equities research analysts at Barclays PLC in a report released on Tuesday. They currently have a $40.00 target price on the oil and gas company’s stock, up from their prior target price of $39.00. Barclays PLC’s price objective suggests a potential upside of 10.13% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of HollyFrontier Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Tudor Pickering upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Monday. Howard Weil boosted their target price on shares of HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a report on Thursday, September 28th. Royal Bank Of Canada upped their price target on shares of HollyFrontier Corporation from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, Scotiabank reiterated a “buy” rating and set a $33.00 price target on shares of HollyFrontier Corporation in a report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.15.
HollyFrontier Corporation (HFC) traded up 0.17% during trading on Tuesday, reaching $36.38. The company had a trading volume of 1,304,605 shares. The firm’s 50 day moving average price is $33.87 and its 200 day moving average price is $28.93. HollyFrontier Corporation has a 12-month low of $22.63 and a 12-month high of $37.00. The firm has a market capitalization of $6.38 billion, a PE ratio of 46.17 and a beta of 1.23.
HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.20. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. Equities research analysts forecast that HollyFrontier Corporation will post $1.65 EPS for the current year.
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A number of hedge funds have recently modified their holdings of HFC. AT Bancorp acquired a new stake in shares of HollyFrontier Corporation during the second quarter valued at about $104,000. Toronto Dominion Bank grew its holdings 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 in the last quarter. Ffcm LLC grew its holdings in shares of HollyFrontier Corporation by 2,500.0% in the second quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 4,450 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of HollyFrontier Corporation by 304.6% in the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 3,674 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of HollyFrontier Corporation by 18.1% in the first quarter. Van ECK Associates Corp now owns 7,001 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 1,073 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.
About HollyFrontier Corporation
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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