HollyFrontier Corporation (NYSE:HFC) Downgraded by BidaskClub to “Hold”

HollyFrontier Corporation (NYSE:HFC) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other analysts have also commented on the company. Barclays PLC reaffirmed an “overweight” rating and set a $39.00 price objective (up previously from $37.00) on shares of HollyFrontier Corporation in a research note on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $38.00 price objective (up previously from $36.00) on shares of HollyFrontier Corporation in a research note on Wednesday. Scotiabank raised HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Simmons reaffirmed a “neutral” rating and set a $25.00 price objective (down previously from $27.00) on shares of HollyFrontier Corporation in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.32.

Shares of HollyFrontier Corporation (NYSE HFC) opened at 28.43 on Friday. HollyFrontier Corporation has a one year low of $22.63 and a one year high of $34.78. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 36.08 and a beta of 1.24. The company has a 50-day moving average of $28.06 and a 200 day moving average of $27.68.

HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.20. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. Equities research analysts forecast that HollyFrontier Corporation will post $1.23 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in HFC. First Mercantile Trust Co. increased its position in HollyFrontier Corporation by 5,539.1% in the first quarter. First Mercantile Trust Co. now owns 6,485 shares of the oil and gas company’s stock worth $184,000 after buying an additional 6,370 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in HollyFrontier Corporation by 5.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,472 shares of the oil and gas company’s stock worth $118,000 after buying an additional 236 shares during the period. Nationwide Fund Advisors increased its position in HollyFrontier Corporation by 3.7% in the first quarter. Nationwide Fund Advisors now owns 567,424 shares of the oil and gas company’s stock worth $16,081,000 after buying an additional 19,991 shares during the period. Candriam Luxembourg S.C.A. increased its position in HollyFrontier Corporation by 12.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 45,687 shares of the oil and gas company’s stock worth $1,295,000 after buying an additional 5,237 shares during the period. Finally, Douglas Lane & Associates LLC increased its position in HollyFrontier Corporation by 1.9% in the first quarter. Douglas Lane & Associates LLC now owns 1,555,111 shares of the oil and gas company’s stock worth $44,072,000 after buying an additional 29,124 shares during the period. Institutional investors own 84.94% of the company’s stock.

HollyFrontier Corporation Company Profile

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).

Analyst Recommendations for HollyFrontier Corporation (NYSE:HFC)

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