HollyFrontier Corp (NYSE:HFC) CFO Richard Lawrence Voliva III sold 7,000 shares of HollyFrontier stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $80.97, for a total value of $566,790.00. Following the completion of the transaction, the chief financial officer now owns 43,363 shares of the company’s stock, valued at $3,511,102.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE:HFC opened at $68.43 on Friday. The firm has a market capitalization of $11.82 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. HollyFrontier Corp has a 1 year low of $25.97 and a 1 year high of $83.28. 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 (NYSE:HFC) last announced its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.40. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $3.30 billion. HollyFrontier had a net margin of 7.31% and a return on equity of 10.21%. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.19) earnings per share. equities analysts anticipate that HollyFrontier Corp will post 5.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 14th. Stockholders of record on Wednesday, May 23rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Tuesday, May 22nd. HollyFrontier’s dividend payout ratio is currently 56.90%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Sandy Spring Bank acquired a new position in HollyFrontier in the fourth quarter worth about $114,000. NuWave Investment Management LLC acquired a new position in HollyFrontier in the fourth quarter worth about $133,000. Synovus Financial Corp acquired a new position in HollyFrontier in the first quarter worth about $151,000. Raymond James Trust N.A. acquired a new position in HollyFrontier in the fourth quarter worth about $210,000. Finally, Pinebridge Investments L.P. acquired a new position in HollyFrontier in the fourth quarter worth about $211,000. 83.31% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on HFC shares. Deutsche Bank upped their target price on HollyFrontier from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, May 3rd. Argus upped their price target on HollyFrontier from $53.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, March 29th. ValuEngine cut HollyFrontier from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 18th. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, May 9th. Finally, Tudor Pickering raised HollyFrontier from a “hold” rating to a “buy” rating in a report on Friday, May 18th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $56.94.
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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