HollyFrontier Corp. (NYSE:HFC) was upgraded by equities researchers at Vetr from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday. The firm currently has a $23.33 target price on the stock. Vetr‘s price objective indicates a potential downside of 10.23% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Barclays PLC reiterated a “buy” rating and set a $32.00 price objective on shares of HollyFrontier Corp. in a research report on Friday, August 26th. Tudor Pickering upgraded shares of HollyFrontier Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Zacks Investment Research upgraded shares of HollyFrontier Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 20th. Piper Jaffray Cos. raised their price target on shares of HollyFrontier Corp. from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 22nd. Finally, Simmons restated a “neutral” rating and issued a $24.00 price target (up from $20.00) on shares of HollyFrontier Corp. in a report on Friday, August 5th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. HollyFrontier Corp. has a consensus rating of “Hold” and an average target price of $31.96.

Analyst Recommendations for HollyFrontier Corp. (NYSE:HFC)

Shares of HollyFrontier Corp. (NYSE:HFC) opened at 25.99 on Monday. The firm’s 50-day moving average is $24.47 and its 200 day moving average is $25.93. HollyFrontier Corp. has a 12 month low of $22.07 and a 12 month high of $51.13. The company’s market capitalization is $4.57 billion.

HollyFrontier Corp. (NYSE:HFC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. HollyFrontier Corp. had a negative net margin of 3.40% and a positive return on equity of 3.30%. The company earned $2.85 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the prior year, the company posted $1.82 earnings per share. HollyFrontier Corp.’s revenue for the quarter was down 20.6% compared to the same quarter last year. Equities research analysts predict that HollyFrontier Corp. will post $0.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 28th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, November 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 5.08%. HollyFrontier Corp.’s dividend payout ratio (DPR) is presently -65.02%.

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in HollyFrontier Corp. by 0.6% in the second quarter. Vanguard Group Inc. now owns 14,939,459 shares of the company’s stock valued at $355,111,000 after buying an additional 87,200 shares during the last quarter. BlackRock Fund Advisors increased its position in HollyFrontier Corp. by 5.6% in the second quarter. BlackRock Fund Advisors now owns 9,865,424 shares of the company’s stock valued at $234,501,000 after buying an additional 527,218 shares during the last quarter. State Street Corp increased its position in HollyFrontier Corp. by 5.1% in the second quarter. State Street Corp now owns 7,573,073 shares of the company’s stock valued at $180,013,000 after buying an additional 369,807 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in HollyFrontier Corp. by 5.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,505,937 shares of the company’s stock valued at $130,876,000 after buying an additional 262,357 shares during the last quarter. Finally, LSV Asset Management increased its position in HollyFrontier Corp. by 12.0% in the second quarter. LSV Asset Management now owns 3,708,653 shares of the company’s stock valued at $88,154,000 after buying an additional 397,895 shares during the last quarter. Institutional investors and hedge funds own 83.89% of the company’s stock.

HollyFrontier Corp. Company Profile

HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.

5 Day Chart for NYSE:HFC

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