Analysts forecast that HollyFrontier Corp (NYSE:HFC) will report earnings per share of $0.72 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for HollyFrontier’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $1.22. HollyFrontier posted earnings of $2.25 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 68%. The firm is scheduled to report its next earnings report on Wednesday, February 19th.
According to Zacks, analysts expect that HollyFrontier will report full year earnings of $5.04 per share for the current fiscal year, with EPS estimates ranging from $4.86 to $5.32. For the next financial year, analysts expect that the business will report earnings of $5.24 per share, with EPS estimates ranging from $4.24 to $6.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover HollyFrontier.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.25. HollyFrontier had a net margin of 4.89% and a return on equity of 17.42%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the business posted $1.98 earnings per share. HollyFrontier’s revenue was down 7.3% compared to the same quarter last year.
HFC has been the topic of several analyst reports. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Wednesday, November 6th. Wells Fargo & Co lifted their price objective on shares of HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. ValuEngine downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. cut their target price on HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. HollyFrontier currently has an average rating of “Hold” and an average target price of $56.77.
Shares of NYSE:HFC traded down $1.53 during midday trading on Wednesday, hitting $49.41. The stock had a trading volume of 1,153,557 shares, compared to its average volume of 2,018,134. The company’s 50-day moving average price is $53.91 and its 200-day moving average price is $48.73. HollyFrontier has a fifty-two week low of $37.73 and a fifty-two week high of $58.88. 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 company has a market capitalization of $8.22 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.99 and a beta of 1.45.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.35 per share. This is an increase from HollyFrontier’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.40 annualized dividend and a yield of 2.83%. HollyFrontier’s payout ratio is presently 21.74%.
In other HollyFrontier news, SVP Thomas G. Creery sold 5,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $57.50, for a total transaction of $287,500.00. Following the sale, the senior vice president now owns 90,004 shares of the company’s stock, valued at $5,175,230. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO John W. Gann, Jr. sold 7,052 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $52.58, for a total transaction of $370,794.16. Following the transaction, the chief accounting officer now owns 26,136 shares of the company’s stock, valued at $1,374,230.88. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp increased its holdings in HollyFrontier by 1.4% in the 2nd quarter. Northern Trust Corp now owns 2,872,017 shares of the oil and gas company’s stock worth $132,917,000 after purchasing an additional 39,797 shares in the last quarter. LSV Asset Management grew its holdings in HollyFrontier by 21.8% during the 2nd quarter. LSV Asset Management now owns 1,796,657 shares of the oil and gas company’s stock worth $83,149,000 after acquiring an additional 321,600 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in HollyFrontier by 2.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,577,480 shares of the oil and gas company’s stock worth $84,726,000 after acquiring an additional 39,041 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in HollyFrontier by 3.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,166,816 shares of the oil and gas company’s stock worth $54,001,000 after acquiring an additional 38,049 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in HollyFrontier by 244.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,165,064 shares of the oil and gas company’s stock valued at $53,919,000 after acquiring an additional 827,015 shares during the period. 84.82% of the stock is currently owned by institutional investors.
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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