HollyFrontier (NYSE:HFC) had its price target cut by stock analysts at JPMorgan Chase & Co. from $55.00 to $50.00 in a note issued to investors on Tuesday, BenzingaRatingsTable reports. The brokerage currently has an “underweight” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 1.85% from the company’s previous close.
Other analysts have also recently issued reports about the stock. ValuEngine raised shares of HollyFrontier from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley set a $54.00 price objective on shares of HollyFrontier and gave the stock a “hold” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.19.
NYSE HFC traded down $0.32 on Tuesday, reaching $50.94. The company’s stock had a trading volume of 47,347 shares, compared to its average volume of 2,143,259. The firm has a market cap of $8.29 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The business has a 50-day moving average price of $47.33 and a 200 day moving average price of $46.85. HollyFrontier has a 52 week low of $37.73 and a 52 week high of $72.78. The company has a current ratio of 2.08, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.
HollyFrontier (NYSE:HFC) last posted its earnings results on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.51. The business had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.31 billion. HollyFrontier had a net margin of 5.25% and a return on equity of 18.51%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Analysts anticipate that HollyFrontier will post 4.78 earnings per share for the current fiscal year.
In related news, Director Franklin Myers bought 2,500 shares of HollyFrontier stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $49.72 per share, for a total transaction of $124,300.00. Following the completion of the transaction, the director now owns 24,989 shares of the company’s stock, valued at $1,242,453.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Amica Retiree Medical Trust acquired a new position in shares of HollyFrontier during the second quarter worth approximately $31,000. CSat Investment Advisory L.P. lifted its holdings in HollyFrontier by 45.6% in the first quarter. CSat Investment Advisory L.P. now owns 769 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 241 shares during the period. AdvisorNet Financial Inc acquired a new position in HollyFrontier in the second quarter valued at approximately $39,000. NuWave Investment Management LLC lifted its holdings in HollyFrontier by 69.7% in the second quarter. NuWave Investment Management LLC now owns 847 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 348 shares during the period. Finally, Rational Advisors LLC lifted its holdings in HollyFrontier by 69.7% in the second quarter. Rational Advisors LLC now owns 847 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 348 shares during the period. Institutional investors own 84.39% 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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