HollyFrontier (HFC) Rating Increased to Neutral at Macquarie
Macquarie upgraded shares of HollyFrontier (NYSE:HFC) from an underperform rating to a neutral rating in a report published on Tuesday morning, Marketbeat Ratings reports.
Several other analysts also recently weighed in on HFC. Howard Weil lifted their price objective on shares of HollyFrontier from $33.00 to $39.00 and gave the company a focus list rating in a research report on Thursday, September 28th. Scotiabank upgraded shares of HollyFrontier from an outperform rating to a focus stock rating and lifted their price objective for the company from $33.00 to $39.00 in a research report on Saturday, September 30th. JPMorgan Chase & Co. downgraded shares of HollyFrontier from a neutral rating to an underweight rating and lifted their price objective for the company from $33.00 to $34.00 in a research report on Friday, October 6th. Tudor Pickering upgraded shares of HollyFrontier from a hold rating to a buy rating in a research report on Monday, October 9th. Finally, Barclays reiterated an overweight rating and issued a $40.00 price objective (up from $39.00) on shares of HollyFrontier in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $42.93.
HollyFrontier (HFC) traded up $0.03 during midday trading on Tuesday, hitting $50.94. 1,793,435 shares of the stock traded hands, compared to its average volume of 2,170,000. HollyFrontier has a 1-year low of $23.46 and a 1-year high of $53.21. 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 cap of $9,030.00, a price-to-earnings ratio of 26.81, a PEG ratio of 1.58 and a beta of 1.30.
In other HollyFrontier news, CAO John W. Gann, Jr. sold 2,000 shares of the business’s stock in a transaction dated Saturday, November 10th. The shares were sold at an average price of $41.96, for a total transaction of $83,920.00. Following the sale, the chief accounting officer now directly owns 35,705 shares in the company, valued at approximately $1,498,181.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 82,649 shares of company stock worth $4,062,308 over the last 90 days. 0.51% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in HFC. State of Alaska Department of Revenue bought a new stake in shares of HollyFrontier in the 4th quarter worth approximately $542,000. Oakbrook Investments LLC bought a new stake in shares of HollyFrontier in the 4th quarter worth approximately $384,000. Acadian Asset Management LLC raised its holdings in shares of HollyFrontier by 414.4% in the 4th quarter. Acadian Asset Management LLC now owns 1,266,003 shares of the oil and gas company’s stock worth $64,844,000 after purchasing an additional 1,019,905 shares in the last quarter. Alpha Windward LLC bought a new stake in shares of HollyFrontier in the 4th quarter worth approximately $627,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of HollyFrontier by 1.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 995,329 shares of the oil and gas company’s stock worth $50,981,000 after purchasing an additional 10,541 shares in the last quarter. Institutional investors own 83.21% of the company’s stock.
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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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