HollyFrontier (HFC) Stock Rating Upgraded by ValuEngine

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.

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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.

HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.12). HollyFrontier had a net margin of 5.65% and a return on equity of 7.51%. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter last year, the firm earned ($0.06) EPS. HollyFrontier’s revenue for the quarter was up 35.1% on a year-over-year basis. sell-side analysts predict that HollyFrontier will post 3.49 EPS for the current fiscal year.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for HollyFrontier (NYSE:HFC)

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