Barclays PLC Boosts HollyFrontier Corporation (HFC) Price Target to $57.00

HollyFrontier Corporation (NYSE:HFC) had its price objective lifted by equities researchers at Barclays PLC from $47.00 to $57.00 in a research note issued to investors on Tuesday. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Barclays PLC’s price target points to a potential upside of 36.20% from the company’s current price.

Other equities analysts have also issued research reports about the stock. TheStreet upgraded shares of HollyFrontier Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 target price on shares of HollyFrontier Corporation in a research report on Friday, September 8th. Scotiabank reiterated a “buy” rating and set a $33.00 target price on shares of HollyFrontier Corporation in a research report on Friday, September 8th. BidaskClub upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Tudor Pickering upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $37.61.

HollyFrontier Corporation (NYSE:HFC) traded down $0.20 on Tuesday, reaching $41.85. 1,669,100 shares of the company traded hands, compared to its average volume of 2,810,705. The company has a market capitalization of $7,420.00, a price-to-earnings ratio of 27.13, a P/E/G ratio of 2.02 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. HollyFrontier Corporation has a one year low of $23.46 and a one year high of $42.60.

HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.18%. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. equities analysts predict that HollyFrontier Corporation will post 2.08 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in HFC. Teachers Advisors LLC raised its stake in HollyFrontier Corporation by 2.2% in the first quarter. Teachers Advisors LLC now owns 410,968 shares of the oil and gas company’s stock valued at $11,647,000 after purchasing an additional 9,031 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in shares of HollyFrontier Corporation by 28.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 15,323 shares of the oil and gas company’s stock valued at $421,000 after purchasing an additional 3,424 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of HollyFrontier Corporation by 5.5% during the 2nd quarter. Capstone Asset Management Co. now owns 24,957 shares of the oil and gas company’s stock valued at $686,000 after purchasing an additional 1,310 shares during the last quarter. Bank of Montreal Can increased its position in shares of HollyFrontier Corporation by 401.7% during the 2nd quarter. Bank of Montreal Can now owns 539,055 shares of the oil and gas company’s stock valued at $14,808,000 after purchasing an additional 431,599 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in shares of HollyFrontier Corporation by 1,407.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 15,281 shares of the oil and gas company’s stock valued at $420,000 after purchasing an additional 14,267 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

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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