HollyFrontier (HFC) Downgraded to “Sell” at ValuEngine
HollyFrontier (NYSE:HFC) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
HFC has been the subject of several other research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $70.00 price objective on shares of HollyFrontier in a research note on Friday, August 3rd. US Capital Advisors raised shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Jefferies Financial Group raised shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price objective for the company in a research note on Tuesday, October 16th. Morgan Stanley boosted their price objective on shares of HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, July 16th. Finally, Mizuho initiated coverage on shares of HollyFrontier in a research note on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price objective for the company. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $71.38.
Shares of HFC traded down $2.63 during trading hours on Tuesday, hitting $60.81. The company’s stock had a trading volume of 3,513,200 shares, compared to its average volume of 2,707,716. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 1.07 and a beta of 1.07. The company has a quick ratio of 1.30, a current ratio of 2.50 and a debt-to-equity ratio of 0.37. HollyFrontier has a 52-week low of $41.70 and a 52-week high of $83.28.
Institutional investors have recently made changes to their positions in the business. Premia Global Advisors LLC bought a new stake in HollyFrontier during the second quarter valued at approximately $101,000. Honkamp Krueger Financial Services Inc. bought a new stake in HollyFrontier during the third quarter valued at approximately $116,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in HollyFrontier by 375.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 1,500 shares during the last quarter. Mainstay Capital Management LLC ADV bought a new stake in HollyFrontier during the second quarter valued at approximately $137,000. Finally, First Hawaiian Bank bought a new stake in HollyFrontier during the third quarter valued at approximately $147,000. Institutional investors and hedge funds own 89.79% of the company’s stock.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.
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