HollyFrontier (NYSE:HFC) SVP Thomas G. Creery sold 20,000 shares of HollyFrontier stock in a transaction on 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 transaction, the senior vice president now owns 87,169 shares of the company’s stock, valued at approximately $5,898,726.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
HollyFrontier opened at $72.43 on Friday, MarketBeat.com reports. The firm has a market cap of $12.17 billion, a P/E ratio of 21.09, a PEG ratio of 1.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.25 and a quick ratio of 1.16. HollyFrontier has a one year low of $67.78 and a one year high of $68.98.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.40. The company had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $3.30 billion. HollyFrontier had a return on equity of 10.21% and a net margin of 7.31%. HollyFrontier’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.19) earnings per share. research analysts anticipate that HollyFrontier will post 4.57 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of HFC. Amundi Pioneer Asset Management Inc. purchased a new stake in HollyFrontier during the fourth quarter valued at $56,969,000. Acadian Asset Management LLC grew its holdings in HollyFrontier by 414.4% during the fourth quarter. Acadian Asset Management LLC now owns 1,266,003 shares of the oil and gas company’s stock valued at $64,844,000 after purchasing an additional 1,019,905 shares during the period. Prudential Financial Inc. grew its holdings in HollyFrontier by 693.4% during the first quarter. Prudential Financial Inc. now owns 895,834 shares of the oil and gas company’s stock valued at $43,770,000 after purchasing an additional 782,918 shares during the period. Mackay Shields LLC bought a new stake in HollyFrontier during the first quarter valued at about $38,079,000. Finally, Millennium Management LLC grew its holdings in HollyFrontier by 94.5% during the first quarter. Millennium Management LLC now owns 1,552,807 shares of the oil and gas company’s stock valued at $75,870,000 after purchasing an additional 754,562 shares during the period. Institutional investors own 85.74% of the company’s stock.
HFC has been the subject of a number of recent research reports. ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank decreased their price target on HollyFrontier from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, March 19th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Friday, January 19th. Cowen boosted their price target on HollyFrontier from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 21st. Finally, Barclays boosted their price target on HollyFrontier from $61.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, May 3rd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. HollyFrontier has a consensus rating of “Hold” and an average target price of $52.65.
HollyFrontier Company Profile
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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