Credit Suisse Group reaffirmed their neutral rating on shares of HollyFrontier (NYSE:HFC) in a report released on Wednesday, Marketbeat reports. The brokerage currently has a $53.00 price target on the oil and gas company’s stock.
A number of other equities analysts have also commented on the stock. Piper Jaffray Companies reaffirmed a hold rating and set a $45.00 target price on shares of HollyFrontier in a research report on Friday, February 23rd. Cowen raised their target price on shares of HollyFrontier from $38.00 to $40.00 and gave the stock a market perform rating in a research report on Wednesday, February 21st. Zacks Investment Research lowered shares of HollyFrontier from a strong-buy rating to a hold rating in a research report on Tuesday, February 20th. Barclays reaffirmed a buy rating and set a $61.00 target price on shares of HollyFrontier in a research report on Friday, February 16th. Finally, ValuEngine raised shares of HollyFrontier from a hold rating to a buy rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $43.40.
HollyFrontier (NYSE:HFC) traded up $1.23 during trading on Wednesday, reaching $46.52. 2,400,000 shares of the company were exchanged, compared to its average volume of 2,590,000. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.01. HollyFrontier has a 12 month low of $23.46 and a 12 month high of $53.21. The stock has a market cap of $8,470.00, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.26 and a beta of 1.17.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.84%. HollyFrontier’s dividend payout ratio is presently 47.48%.
In other HollyFrontier news, Director James H. Lee sold 5,149 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total value of $242,878.33. Following the completion of the sale, the director now directly owns 52,240 shares in the company, valued at $2,464,160.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP James M. Stump sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $51.21, for a total transaction of $1,536,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,149 shares of company stock worth $3,315,478. Insiders own 0.51% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sandy Spring Bank acquired a new stake in HollyFrontier in the fourth quarter valued at approximately $114,000. NuWave Investment Management LLC acquired a new stake in HollyFrontier in the fourth quarter valued at approximately $133,000. FNY Managed Accounts LLC acquired a new stake in HollyFrontier in the third quarter valued at approximately $163,000. Garrison Financial Corp acquired a new stake in HollyFrontier in the fourth quarter valued at approximately $203,000. Finally, Peregrine Asset Advisers Inc. acquired a new stake in HollyFrontier in the fourth quarter valued at approximately $205,000. Institutional investors own 83.89% of the company’s stock.
TRADEMARK VIOLATION WARNING: This article was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3253122/hollyfrontiers-hfc-neutral-rating-reaffirmed-at-credit-suisse-group.html.
HollyFrontier 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).
Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.