HollyFrontier Corp (NYSE:HFC) – Investment analysts at US Capital Advisors lifted their Q2 2019 earnings per share estimates for shares of HollyFrontier in a note issued to investors on Thursday, July 18th, Zacks Investment Research reports. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings of $1.82 per share for the quarter, up from their prior estimate of $1.68. US Capital Advisors also issued estimates for HollyFrontier’s Q4 2019 earnings at $1.13 EPS, Q3 2020 earnings at $2.06 EPS and Q4 2020 earnings at $1.50 EPS.
Several other analysts have also recently issued reports on the company. ValuEngine upgraded HollyFrontier from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Bank of America upgraded HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 target price for the company in a research report on Monday, April 29th. Morgan Stanley set a $54.00 target price on HollyFrontier and gave the stock a “hold” rating in a research report on Friday, May 17th. Finally, Goldman Sachs Group lowered HollyFrontier from a “neutral” rating to a “sell” rating and dropped their price target for the company from $53.00 to $45.00 in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. HollyFrontier has a consensus rating of “Hold” and a consensus price target of $62.41.
Shares of NYSE:HFC traded down $1.06 during trading on Friday, hitting $51.13. 2,561,052 shares of the company’s stock were exchanged, compared to its average volume of 1,657,571. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.99 and a current ratio of 1.99. HollyFrontier has a 52-week low of $37.73 and a 52-week high of $76.56. The firm has a 50-day moving average of $46.48. The firm has a market capitalization of $8.91 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45.
HollyFrontier (NYSE:HFC) last released its earnings results on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.51. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter last year, the business posted $1.45 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis.
In other news, Director Franklin Myers purchased 2,900 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of $42.78 per share, with a total value of $124,062.00. Following the completion of the purchase, the director now owns 22,489 shares in the company, valued at $962,079.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of HFC. American International Group Inc. lifted its stake in shares of HollyFrontier by 7.3% in the 4th quarter. American International Group Inc. now owns 97,707 shares of the oil and gas company’s stock valued at $4,995,000 after purchasing an additional 6,669 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in shares of HollyFrontier by 3.2% in the 4th quarter. Brandywine Global Investment Management LLC now owns 153,700 shares of the oil and gas company’s stock valued at $7,858,000 after purchasing an additional 4,824 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of HollyFrontier by 19.0% in the 4th quarter. Bank of America Corp DE now owns 560,078 shares of the oil and gas company’s stock valued at $28,630,000 after purchasing an additional 89,402 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of HollyFrontier by 80.0% in the 4th quarter. Squarepoint Ops LLC now owns 141,264 shares of the oil and gas company’s stock valued at $7,221,000 after purchasing an additional 62,800 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of HollyFrontier by 35.7% in the 4th quarter. MML Investors Services LLC now owns 9,031 shares of the oil and gas company’s stock valued at $462,000 after purchasing an additional 2,376 shares during the last quarter. 85.92% of the stock is owned by institutional investors and hedge funds.
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.