HollyFrontier Corp (NYSE:HFC) – Analysts at Piper Jaffray Companies upped their Q3 2019 earnings estimates for HollyFrontier in a report issued on Wednesday, October 9th. Piper Jaffray Companies analyst P. Flam now forecasts that the oil and gas company will post earnings per share of $1.48 for the quarter, up from their prior estimate of $1.38. Piper Jaffray Companies also issued estimates for HollyFrontier’s Q4 2019 earnings at $0.75 EPS, FY2019 earnings at $4.96 EPS, Q1 2020 earnings at $0.71 EPS, Q2 2020 earnings at $2.13 EPS, Q3 2020 earnings at $1.64 EPS, Q4 2020 earnings at $1.11 EPS and FY2020 earnings at $5.59 EPS.
A number of other research firms have also commented on HFC. ValuEngine raised shares of HollyFrontier from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. lowered their target price on shares of HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Finally, Wells Fargo & Co lifted their target price on shares of HollyFrontier from $48.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $58.37.
HFC opened at $53.88 on Thursday. The company has a fifty day moving average price of $50.00 and a two-hundred day moving average price of $47.02. 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 52 week low of $37.73 and a 52 week high of $69.50. The firm has a market capitalization of $8.57 billion, a PE ratio of 8.37, a P/E/G ratio of 1.07 and a beta of 1.46.
HollyFrontier (NYSE:HFC) last released its earnings results on Thursday, August 1st. The oil and gas company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.51. HollyFrontier had a net margin of 5.25% and a return on equity of 18.51%. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the previous year, the business earned $1.45 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in HFC. Ladenburg Thalmann Financial Services Inc. lifted its position in HollyFrontier by 1.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,562 shares of the oil and gas company’s stock valued at $953,000 after acquiring an additional 237 shares in the last quarter. Cypress Capital Group lifted its position in HollyFrontier by 5.0% in the 3rd quarter. Cypress Capital Group now owns 5,104 shares of the oil and gas company’s stock valued at $274,000 after acquiring an additional 242 shares in the last quarter. Coastline Trust Co lifted its position in HollyFrontier by 2.9% in the 2nd quarter. Coastline Trust Co now owns 11,745 shares of the oil and gas company’s stock valued at $544,000 after acquiring an additional 335 shares in the last quarter. NuWave Investment Management LLC lifted its position in HollyFrontier by 69.7% in the 2nd quarter. NuWave Investment Management LLC now owns 847 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 348 shares in the last quarter. Finally, Rational Advisors LLC lifted its position in HollyFrontier by 69.7% in the 2nd quarter. Rational Advisors LLC now owns 847 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 348 shares in the last quarter. 84.20% of the stock is currently owned by institutional investors.
In other news, Director Franklin Myers purchased 2,500 shares of HollyFrontier stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $49.72 per share, with a total value of $124,300.00. Following the completion of the transaction, the director now directly owns 24,989 shares in the company, valued at approximately $1,242,453.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.
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.
See Also: Retained Earnings
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.