HollyFrontier (NYSE:HFC) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.
Several other equities analysts have also issued reports on HFC. Bank of America lowered HollyFrontier from a “neutral” rating to an “underperform” rating in a research note on Friday, December 8th. Cowen restated a “market perform” rating and set a $38.00 price target (up previously from $35.00) on shares of HollyFrontier in a research note on Friday, December 8th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, December 13th. Howard Weil lowered HollyFrontier from a “focus list” rating to an “outperform” rating in a research note on Friday, December 22nd. Finally, Credit Suisse Group began coverage on HollyFrontier in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.13.
HFC opened at $52.26 on Friday. HollyFrontier has a 1 year low of $23.46 and a 1 year high of $53.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.01 and a current ratio of 2.15. The stock has a market capitalization of $9,027.79, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.46 and a beta of 1.09.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of HollyFrontier by 2.7% during the fourth quarter. BlackRock Inc. now owns 21,620,652 shares of the oil and gas company’s stock worth $1,107,409,000 after purchasing an additional 565,625 shares during the period. Schroder Investment Management Group lifted its holdings in HollyFrontier by 2.3% in the fourth quarter. Schroder Investment Management Group now owns 3,978,708 shares of the oil and gas company’s stock valued at $203,789,000 after acquiring an additional 88,912 shares during the period. Alliancebernstein L.P. lifted its holdings in HollyFrontier by 1.5% in the fourth quarter. Alliancebernstein L.P. now owns 3,599,830 shares of the oil and gas company’s stock valued at $184,383,000 after acquiring an additional 52,890 shares during the period. Bank of New York Mellon Corp lifted its holdings in HollyFrontier by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 2,952,567 shares of the oil and gas company’s stock valued at $151,230,000 after acquiring an additional 162,312 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in HollyFrontier by 48.4% in the fourth quarter. APG Asset Management N.V. now owns 2,065,017 shares of the oil and gas company’s stock valued at $88,083,000 after acquiring an additional 673,300 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.
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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.
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