Jefferies Financial Group Comments on HollyFrontier Corp’s Q3 2018 Earnings (HFC)

HollyFrontier Corp (NYSE:HFC) – Research analysts at Jefferies Financial Group issued their Q3 2018 EPS estimates for shares of HollyFrontier in a note issued to investors on Tuesday, October 16th. Jefferies Financial Group analyst C. Sighinolfi anticipates that the oil and gas company will post earnings of $1.78 per share for the quarter. Jefferies Financial Group has a “Hold” rating and a $62.00 price objective on the stock. Jefferies Financial Group also issued estimates for HollyFrontier’s Q4 2018 earnings at $1.99 EPS, FY2018 earnings at $5.97 EPS, FY2019 earnings at $7.90 EPS, FY2020 earnings at $5.23 EPS, FY2021 earnings at $4.76 EPS and FY2022 earnings at $4.47 EPS.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price target on shares of HollyFrontier in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday, July 19th. Morgan Stanley upped their price target on shares of HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, July 16th. ValuEngine lowered shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, US Capital Advisors lowered shares of HollyFrontier from an “overweight” rating to a “hold” rating in a research note on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $65.00.

Shares of HFC opened at $63.17 on Thursday. HollyFrontier has a 52 week low of $35.62 and a 52 week high of $83.28. The stock has a market capitalization of $11.77 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.27 and a beta of 1.16. The company has a current ratio of 2.38, a quick ratio of 1.21 and a debt-to-equity ratio of 0.37.

HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 EPS for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($0.18). HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the company posted $0.66 EPS. The firm’s quarterly revenue was up 29.3% on a year-over-year basis.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates boosted its holdings in HollyFrontier by 3.5% in the 2nd quarter. Raymond James & Associates now owns 256,077 shares of the oil and gas company’s stock valued at $17,523,000 after purchasing an additional 8,731 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in HollyFrontier by 13.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 47,774 shares of the oil and gas company’s stock valued at $3,269,000 after purchasing an additional 5,766 shares during the period. Millennium Management LLC boosted its holdings in HollyFrontier by 38.4% in the 2nd quarter. Millennium Management LLC now owns 2,148,646 shares of the oil and gas company’s stock valued at $147,032,000 after purchasing an additional 595,839 shares during the period. GSA Capital Partners LLP boosted its holdings in HollyFrontier by 354.6% in the 2nd quarter. GSA Capital Partners LLP now owns 105,471 shares of the oil and gas company’s stock valued at $7,217,000 after purchasing an additional 82,271 shares during the period. Finally, Morgan Stanley boosted its holdings in HollyFrontier by 31.8% in the 2nd quarter. Morgan Stanley now owns 1,959,745 shares of the oil and gas company’s stock valued at $134,107,000 after purchasing an additional 473,166 shares during the period. 87.95% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Shareholders of record on Thursday, August 23rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Wednesday, August 22nd. HollyFrontier’s dividend payout ratio is currently 56.90%.

About HollyFrontier

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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Earnings History and Estimates for HollyFrontier (NYSE:HFC)

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