HollyFrontier (HFC) Hits New 12-Month High at $45.93
HollyFrontier Corporation (NYSE:HFC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $45.93 and last traded at $44.31, with a volume of 3207700 shares. The stock had previously closed at $44.25.
HFC has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $38.00 target price on shares of HollyFrontier in a research report on Friday, September 8th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, October 17th. Argus upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, November 20th. Barclays restated an “overweight” rating and set a $40.00 target price (up from $39.00) on shares of HollyFrontier in a research report on Tuesday, October 10th. Finally, Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $39.20.
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 $7,854.97, a price-to-earnings ratio of 28.59, a PEG ratio of 1.99 and a beta of 1.31.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Monday, November 20th. HollyFrontier’s payout ratio is 69.47%.
In other HollyFrontier news, Director Michael Jennings sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. Following the completion of the transaction, the director now owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.
Several large investors have recently made changes to their positions in HFC. AT Bancorp bought a new position in shares of HollyFrontier in the 2nd quarter worth approximately $104,000. Toronto Dominion Bank raised its position in shares of HollyFrontier by 6.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 235 shares in the last quarter. Ffcm LLC raised its position in shares of HollyFrontier by 2,500.0% in the 2nd quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 4,450 shares in the last quarter. IFP Advisors Inc raised its position in shares of HollyFrontier by 304.6% in the 2nd quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 3,674 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new position in shares of HollyFrontier in the 3rd quarter worth approximately $163,000. 83.31% of the stock is owned by hedge funds and other institutional investors.
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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