HollyFrontier Corp (NYSE:HFC) – Stock analysts at Jefferies Financial Group cut their FY2019 EPS estimates for HollyFrontier in a report released on Thursday, January 16th, Zacks Investment Research reports. Jefferies Financial Group analyst C. Sighinolfi now forecasts that the oil and gas company will post earnings per share of $4.86 for the year, down from their previous estimate of $5.18. Jefferies Financial Group also issued estimates for HollyFrontier’s Q1 2020 earnings at $0.51 EPS, Q2 2020 earnings at $1.39 EPS, Q3 2020 earnings at $1.80 EPS and FY2024 earnings at $5.09 EPS.
Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, November 6th. ValuEngine downgraded HollyFrontier from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Royal Bank of Canada reiterated a “buy” rating and set a $59.00 target price on shares of HollyFrontier in a report on Monday, January 20th. Finally, Barclays began coverage on HollyFrontier in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $50.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. HollyFrontier currently has an average rating of “Hold” and an average price target of $53.19.
Shares of HollyFrontier stock traded up $0.08 during trading hours on Friday, hitting $43.52. The company’s stock had a trading volume of 1,142,472 shares, compared to its average volume of 2,343,999. The business has a fifty day moving average of $47.78 and a 200 day moving average of $50.29. The company has a quick ratio of 1.11, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. HollyFrontier has a 1-year low of $37.73 and a 1-year high of $58.88. The company has a market capitalization of $7.02 billion, a PE ratio of 8.69, a P/E/G ratio of 0.92 and a beta of 1.43.
In other HollyFrontier news, SVP Thomas G. Creery sold 5,000 shares of HollyFrontier stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $51.00, for a total transaction of $255,000.00. Following the sale, the senior vice president now directly owns 116,081 shares in the company, valued at approximately $5,920,131. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO John W. Gann, Jr. sold 7,052 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $52.58, for a total value of $370,794.16. Following the completion of the transaction, the chief accounting officer now directly owns 26,136 shares in the company, valued at $1,374,230.88. The disclosure for this sale can be found here. Insiders have sold 49,909 shares of company stock valued at $2,557,488 over the last 90 days. Insiders own 0.49% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its position in shares of HollyFrontier by 66.5% during the third quarter. Cornerstone Advisors Inc. now owns 526 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 210 shares during the last quarter. Cadence Capital Management LLC raised its stake in HollyFrontier by 4.0% during the fourth quarter. Cadence Capital Management LLC now owns 6,099 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 234 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in HollyFrontier by 1.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,562 shares of the oil and gas company’s stock valued at $953,000 after buying an additional 237 shares in the last quarter. Cypress Capital Group lifted its holdings in HollyFrontier by 5.0% during the 3rd quarter. Cypress Capital Group now owns 5,104 shares of the oil and gas company’s stock worth $274,000 after buying an additional 242 shares during the last quarter. Finally, PFG Advisors lifted its holdings in HollyFrontier by 4.1% during the 3rd quarter. PFG Advisors now owns 7,172 shares of the oil and gas company’s stock worth $375,000 after buying an additional 285 shares during the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.
HollyFrontier Company Profile
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.