Shares of HollyFrontier (NYSE:HFC) reached a new 52-week high and low during trading on Wednesday . The company traded as low as $58.60 and last traded at $58.47, with a volume of 729617 shares. The stock had previously closed at $57.76.
A number of analysts have commented on the company. Barclays reissued a “buy” rating and issued a $65.00 target price on shares of HollyFrontier in a report on Wednesday, January 10th. Argus lifted their target price on HollyFrontier from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, March 29th. Zacks Investment Research lowered HollyFrontier from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. JPMorgan Chase reissued an “underweight” rating and issued a $46.00 target price (down previously from $48.00) on shares of HollyFrontier in a report on Tuesday, March 13th. Finally, ValuEngine lowered HollyFrontier from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.12.
The company has a market capitalization of $10,292.39, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.50 and a beta of 1.09. The company has a quick ratio of 1.01, a current ratio of 2.15 and a debt-to-equity ratio of 0.42.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.12). The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.85 billion. HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.06) earnings per share. analysts forecast that HollyFrontier will post 3.87 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in HFC. Amundi Pioneer Asset Management Inc. purchased a new position in HollyFrontier during the fourth quarter valued at $56,969,000. Acadian Asset Management LLC lifted its position 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 in the last quarter. Hennessy Advisors Inc. purchased a new position in HollyFrontier during the fourth quarter valued at $36,755,000. APG Asset Management N.V. lifted its position in HollyFrontier by 48.4% during the fourth quarter. APG Asset Management N.V. now owns 2,065,017 shares of the oil and gas company’s stock valued at $88,083,000 after purchasing an additional 673,300 shares in the last quarter. Finally, BlackRock Inc. lifted its position in HollyFrontier by 2.7% during the fourth quarter. BlackRock Inc. now owns 21,620,652 shares of the oil and gas company’s stock valued at $1,107,409,000 after purchasing an additional 565,625 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.
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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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