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.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.66 by $0.32. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.42 billion. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. HollyFrontier’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. On average, sell-side analysts expect that HollyFrontier will post 5.72 earnings per share for the current fiscal year.

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.

About HollyFrontier

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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Analyst Recommendations for HollyFrontier (NYSE:HFC)

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