HollyFrontier Corp. (NYSE:HFC) has been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the stock. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $30.96.

Several equities research analysts have recently weighed in on HFC shares. Zacks Investment Research raised shares of HollyFrontier Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 20th. Piper Jaffray Cos. upped their price target on shares of HollyFrontier Corp. from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, August 22nd. Barclays PLC reaffirmed an “overweight” rating and issued a $35.00 price target (up previously from $32.00) on shares of HollyFrontier Corp. in a research report on Monday, October 10th. Vetr raised shares of HollyFrontier Corp. from a “hold” rating to a “buy” rating and set a $27.50 price target for the company in a research report on Monday, August 22nd. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $37.00 price target (up previously from $35.00) on shares of HollyFrontier Corp. in a research report on Tuesday, November 1st.

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Shares of HollyFrontier Corp. (NYSE:HFC) opened at 28.09 on Friday. HollyFrontier Corp. has a 52-week low of $22.07 and a 52-week high of $50.44. The firm has a 50-day moving average of $25.31 and a 200-day moving average of $25.52. The company’s market cap is $4.94 billion.

HollyFrontier Corp. (NYSE:HFC) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.38 earnings per share for the quarter, topping the 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 firm earned $2.85 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The company’s revenue was down 20.6% compared to the same quarter last year. Equities research analysts forecast that HollyFrontier Corp. will post $0.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 28th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.70%. HollyFrontier Corp.’s payout ratio is currently -65.02%.

Several hedge funds have recently added to or reduced their stakes in HFC. First National Bank of Mount Dora Trust Investment Services raised its stake in HollyFrontier Corp. by 0.4% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 32,830 shares of the company’s stock worth $780,000 after buying an additional 133 shares during the last quarter. Highland Capital Management LLC raised its stake in HollyFrontier Corp. by 3.1% in the second quarter. Highland Capital Management LLC now owns 221,781 shares of the company’s stock worth $5,272,000 after buying an additional 6,579 shares during the last quarter. Capital Analysts LLC raised its stake in HollyFrontier Corp. by 90,743.6% in the second quarter. Capital Analysts LLC now owns 49,964 shares of the company’s stock worth $6,416,000 after buying an additional 49,909 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in HollyFrontier Corp. by 85.2% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 92,300 shares of the company’s stock worth $2,194,000 after buying an additional 42,450 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in HollyFrontier Corp. by 2.8% in the second quarter. Capstone Asset Management Co. now owns 18,741 shares of the company’s stock worth $445,000 after buying an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 82.05% 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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