HollyFrontier (HFC) Receiving Somewhat Favorable Media Coverage, Report Shows
Media coverage about HollyFrontier (NYSE:HFC) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HollyFrontier earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.2282831173203 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Volatility Factor under Trader’s Radar – HollyFrontier Corporation, (NYSE: HFC) – Stock Watch (stocksnewstimes.com)
- Reviewing the Current Circumstance for Intuit Inc. (INTU), HollyFrontier Corporation (HFC) – Market Movers (financialqz.com)
- ETFs with exposure to HollyFrontier Corp. : December 1, 2017 (finance.yahoo.com)
- HollyFrontier Corporation (HFC): Institutional Holdings and Trading Data – Market Movers (financialqz.com)
- Michael Jennings Sells 4,500 Shares of HollyFrontier Corporation (HFC) Stock (americanbankingnews.com)
A number of brokerages have commented on HFC. Tudor Pickering downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a report on Wednesday. Argus upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Monday, November 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $38.00 target price on shares of HollyFrontier in a report on Friday, November 17th. Barclays boosted their target price on shares of HollyFrontier from $47.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. Finally, TheStreet upgraded shares of HollyFrontier from a “c+” rating to a “b” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.59.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The company’s revenue was up 30.6% on a year-over-year basis. equities analysts expect that HollyFrontier will post 2.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.98%. HollyFrontier’s payout ratio is 69.47%.
In other news, Director Michael Jennings sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. Following the sale, the director now owns 49,717 shares in the company, valued at $2,212,406.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is currently owned by insiders.
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HollyFrontier 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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