HollyFrontier (NYSE:HFC) Sees Large Volume Increase

HollyFrontier Corp (NYSE:HFC) shares saw unusually-high trading volume on Monday . Approximately 2,295,346 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 2,025,063 shares.The stock last traded at $52.72 and had previously closed at $51.55.

HFC has been the topic of several research analyst reports. ValuEngine downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. dropped their price objective on shares of HollyFrontier from $55.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Co lifted their price target on HollyFrontier from $48.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $56.77.

The stock has a market capitalization of $8.32 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45. The company has a quick ratio of 1.11, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $54.11 and a 200-day moving average of $48.62.

HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.25. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.20 billion. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. HollyFrontier’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. Equities research analysts expect that HollyFrontier Corp will post 5.04 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.40 dividend on an annualized basis and a yield of 2.74%. This is an increase from HollyFrontier’s previous quarterly dividend of $0.33. HollyFrontier’s payout ratio is currently 21.74%.

In other news, SVP Thomas G. Creery sold 5,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $57.50, for a total transaction of $287,500.00. Following the completion of the transaction, the senior vice president now directly owns 90,004 shares of the company’s stock, valued at approximately $5,175,230. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO John W. Gann, Jr. sold 7,052 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $52.58, for a total value of $370,794.16. Following the transaction, the chief accounting officer now directly owns 26,136 shares of the company’s stock, valued at $1,374,230.88. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its stake in shares of HollyFrontier by 66.5% in the third quarter. Cornerstone Advisors Inc. now owns 526 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 210 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings 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 during the period. Cypress Capital Group boosted its holdings 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 purchasing an additional 242 shares during the period. PFG Advisors boosted its position in shares of HollyFrontier by 4.1% during the 3rd quarter. PFG Advisors now owns 7,172 shares of the oil and gas company’s stock valued at $375,000 after acquiring an additional 285 shares during the last quarter. Finally, BB&T Corp increased its position in shares of HollyFrontier by 1.5% in the third quarter. BB&T Corp now owns 21,303 shares of the oil and gas company’s stock worth $1,143,000 after purchasing an additional 310 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

HollyFrontier Company Profile (NYSE:HFC)

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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