HollyFrontier (NYSE:HFC) Sees Unusually-High Trading Volume

Shares of HollyFrontier Corp (NYSE:HFC) saw unusually-high trading volume on Monday . Approximately 2,295,346 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 2,025,063 shares.The stock last traded at $52.72 and had previously closed at $51.55.

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their target price on HollyFrontier from $55.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. ValuEngine downgraded HollyFrontier from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Wells Fargo & Co boosted their price target on shares of HollyFrontier from $48.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. Finally, Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.77.

The company has a market cap of $8.32 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45. The company’s fifty day moving average is $54.11 and its 200 day moving average is $48.62. The company has a current ratio of 2.07, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.25. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.20 billion. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. HollyFrontier’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period last year, the company earned $1.98 EPS. Analysts anticipate that HollyFrontier Corp will post 5.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, November 26th. This is a boost from HollyFrontier’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 2.74%. HollyFrontier’s dividend payout ratio (DPR) is presently 21.74%.

In related news, CAO John W. Gann, Jr. sold 7,052 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $52.58, for a total transaction of $370,794.16. Following the transaction, the chief accounting officer now owns 26,136 shares in the company, valued at $1,374,230.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Thomas G. Creery sold 5,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $57.50, for a total transaction of $287,500.00. Following the transaction, the senior vice president now owns 90,004 shares in the company, valued at approximately $5,175,230. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. bought a new stake in shares of HollyFrontier during the 3rd quarter valued at $25,000. Cornerstone Advisors Inc. increased its stake in shares of HollyFrontier by 66.5% during the third quarter. Cornerstone Advisors Inc. now owns 526 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 210 shares in the last quarter. Amica Retiree Medical Trust purchased a new position in shares of HollyFrontier during the second quarter valued at approximately $31,000. Bridger Capital Management LLC purchased a new position in shares of HollyFrontier during the third quarter valued at approximately $34,000. Finally, Rational Advisors LLC boosted its position in shares of HollyFrontier by 69.7% in the 2nd quarter. Rational Advisors LLC now owns 847 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 348 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

HollyFrontier Company Profile (NYSE:HFC)

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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