HollyFrontier (NYSE:HFC) PT Lowered to $50.00 at JPMorgan Chase & Co.

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HollyFrontier (NYSE:HFC) had its price target lowered by JPMorgan Chase & Co. from $55.00 to $50.00 in a research note released on Tuesday, BenzingaRatingsTable reports. The firm currently has an underweight rating on the oil and gas company’s stock.

HFC has been the topic of several other research reports. ValuEngine raised HollyFrontier from a sell rating to a hold rating in a research report on Tuesday. Morgan Stanley set a $54.00 price objective on HollyFrontier and gave the company a hold rating in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $59.19.

NYSE:HFC opened at $50.69 on Tuesday. The stock’s fifty day moving average is $47.33 and its 200 day moving average is $46.85. The firm has a market capitalization of $8.42 billion, a PE ratio of 7.87, a PEG ratio of 1.05 and a beta of 1.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.08. HollyFrontier has a fifty-two week low of $37.73 and a fifty-two week high of $72.47.

HollyFrontier (NYSE:HFC) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.51. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.31 billion. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. HollyFrontier’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. Equities analysts forecast that HollyFrontier will post 4.74 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Wednesday, August 21st. HollyFrontier’s payout ratio is 20.50%.

In other news, Director Franklin Myers purchased 2,500 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $49.72 per share, with a total value of $124,300.00. Following 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 legal filing with the SEC, which is available through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of HollyFrontier by 1.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,562 shares of the oil and gas company’s stock worth $953,000 after buying an additional 237 shares in the last quarter. CSat Investment Advisory L.P. boosted its position in HollyFrontier by 45.6% during 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 purchasing an additional 241 shares in the last quarter. Coastline Trust Co boosted its position in HollyFrontier by 2.9% during the second quarter. Coastline Trust Co now owns 11,745 shares of the oil and gas company’s stock valued at $544,000 after purchasing an additional 335 shares in the last quarter. NuWave Investment Management LLC boosted its position in HollyFrontier by 69.7% during the second quarter. NuWave Investment Management LLC now owns 847 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 348 shares in the last quarter. Finally, Rational Advisors LLC boosted its position in HollyFrontier by 69.7% during the second quarter. Rational Advisors LLC now owns 847 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 348 shares in the last quarter. 84.39% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for HollyFrontier (NYSE:HFC)

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