HollyFrontier (NYSE:HFC) will post its quarterly earnings results before the market opens on Wednesday, February 21st. Analysts expect HollyFrontier to post earnings of $0.71 per share for the quarter.
HollyFrontier (HFC) opened at $46.40 on Monday. The company has a market capitalization of $8,230.00, a PE ratio of 24.42, a P/E/G ratio of 1.29 and a beta of 1.12. HollyFrontier has a 52 week low of $23.46 and a 52 week high of $53.21. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a yield of 2.84%. HollyFrontier’s dividend payout ratio (DPR) is 69.47%.
A number of equities analysts recently commented on the company. Barclays reiterated a “buy” rating and issued a $61.00 price target on shares of HollyFrontier in a research note on Friday. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $51.00 price target for the company in a research note on Tuesday, February 13th. ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 price target on shares of HollyFrontier in a research note on Tuesday, January 30th. Finally, Jefferies Group assumed coverage on HollyFrontier in a research note on Wednesday, January 24th. They issued an “underperform” rating and a $40.00 price target for the company. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus price target of $42.67.
In other news, SVP James M. Stump sold 30,000 shares of HollyFrontier stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total value of $200,250.00. Following the sale, the director now directly owns 49,717 shares in the company, valued at approximately $2,212,406.50. The disclosure for this sale can be found here. Insiders sold 69,649 shares of company stock worth $3,515,728 in the last three months. 0.51% of the stock is currently owned by corporate insiders.
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HollyFrontier 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).
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