HollyFrontier Corporation (HFC) Declares Quarterly Dividend of $0.33
HollyFrontier Corporation (NYSE:HFC) announced a quarterly dividend on Thursday, November 9th, Wall Street Journal reports. Stockholders of record on Tuesday, November 21st will be given a dividend of 0.33 per share by the oil and gas company on Wednesday, December 13th. This represents a $1.32 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Monday, November 20th.
HollyFrontier Corporation has raised its dividend payment by an average of 3.2% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. HollyFrontier Corporation has a dividend payout ratio of 63.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect HollyFrontier Corporation to earn $2.36 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 55.9%.
Shares of HollyFrontier Corporation (HFC) opened at $42.20 on Friday. HollyFrontier Corporation has a 12-month low of $23.46 and a 12-month high of $42.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. The firm has a market capitalization of $7,502.20, a P/E ratio of 27.30, a PEG ratio of 2.03 and a beta of 1.21.
HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.25. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the business earned $0.42 earnings per share. HollyFrontier Corporation’s revenue for the quarter was up 30.6% compared to the same quarter last year. sell-side analysts anticipate that HollyFrontier Corporation will post 2.08 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on HFC shares. TheStreet raised HollyFrontier Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of HollyFrontier Corporation in a research report on Friday, September 8th. Scotiabank reaffirmed a “buy” rating and issued a $33.00 target price on shares of HollyFrontier Corporation in a research report on Friday, September 8th. BidaskClub raised HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Tudor Pickering raised HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $36.89.
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HollyFrontier Corporation Company Profile
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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