Wall Street analysts expect that HollyFrontier Corp (NYSE:HFC) will post sales of $3.27 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for HollyFrontier’s earnings, with estimates ranging from $2.79 billion to $3.60 billion. HollyFrontier reported sales of $3.08 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The business is expected to report its next earnings results on Wednesday, May 2nd.
On average, analysts expect that HollyFrontier will report full-year sales of $3.27 billion for the current year, with estimates ranging from $14.46 billion to $15.25 billion. For the next financial year, analysts anticipate that the business will report sales of $14.87 billion per share, with estimates ranging from $14.06 billion to $16.03 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover HollyFrontier.
HollyFrontier (NYSE:HFC) last released its earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.12). The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.85 billion. HollyFrontier had a net margin of 5.65% and a return on equity of 7.51%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS.
HollyFrontier (HFC) traded up $0.15 during midday trading on Thursday, hitting $46.14. The stock had a trading volume of 1,517,477 shares, compared to its average volume of 2,520,000. The company has a market cap of $8,180.00, a P/E ratio of 16.60, a P/E/G ratio of 1.29 and a beta of 1.17. The company has a current ratio of 2.15, a quick ratio of 1.01 and a debt-to-equity ratio of 0.42. HollyFrontier has a 52-week low of $23.46 and a 52-week high of $53.21.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Tuesday, February 27th. HollyFrontier’s dividend payout ratio is 47.48%.
In other HollyFrontier news, Director James H. Lee sold 5,149 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total value of $242,878.33. Following the completion of the sale, the director now directly owns 52,240 shares in the company, valued at approximately $2,464,160.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP James M. Stump sold 30,000 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total value of $1,536,300.00. Following the completion of the sale, the senior vice president now owns 41,849 shares of the company’s stock, valued at $2,143,087.29. The disclosure for this sale can be found here. Insiders sold a total of 65,149 shares of company stock valued at $3,315,478 over the last quarter. Company insiders own 0.51% of the company’s stock.
Several hedge funds have recently modified their holdings of HFC. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of HollyFrontier in the 4th quarter worth $56,969,000. Acadian Asset Management LLC lifted its holdings in shares of HollyFrontier by 414.4% in the 4th quarter. Acadian Asset Management LLC now owns 1,266,003 shares of the oil and gas company’s stock worth $64,844,000 after buying an additional 1,019,905 shares during the period. American Century Companies Inc. lifted its holdings in shares of HollyFrontier by 148.2% in the 3rd quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock worth $57,682,000 after buying an additional 957,494 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of HollyFrontier during the 4th quarter worth $36,755,000. Finally, APG Asset Management N.V. lifted its stake in shares of HollyFrontier by 48.4% during the 4th quarter. APG Asset Management N.V. now owns 2,065,017 shares of the oil and gas company’s stock worth $88,083,000 after purchasing an additional 673,300 shares during the last quarter. Institutional investors and hedge funds own 86.08% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “$3.27 Billion in Sales Expected for HollyFrontier Corp (HFC) This Quarter” was first published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.themarketsdaily.com/2018/03/14/3-27-billion-in-sales-expected-for-hollyfrontier-corp-hfc-this-quarter.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.