HollyFrontier Corporation (HFC) Upgraded by TheStreet to “B”
HollyFrontier Corporation (NYSE:HFC) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Wednesday.
HFC has been the subject of a number of other reports. Zacks Investment Research raised HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, October 17th. BidaskClub lowered HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. J P Morgan Chase & Co lowered HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and increased their price target for the company from $33.00 to $34.00 in a research note on Friday, October 6th. Howard Weil increased their price target on HollyFrontier Corporation from $33.00 to $39.00 and gave the company a “focus list” rating in a research note on Thursday, September 28th. Finally, Cowen and Company reissued a “hold” rating and set a $30.00 price target on shares of HollyFrontier Corporation in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.39.
HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier Corporation had a return on equity of 5.23% and a net margin of 2.55%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was up 30.6% on a year-over-year basis.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of HollyFrontier Corporation by 2.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 105,237 shares of the oil and gas company’s stock worth $3,785,000 after buying an additional 2,857 shares during the period. Klingenstein Fields & Co. LLC purchased a new stake in shares of HollyFrontier Corporation in the third quarter worth approximately $252,000. American Century Companies Inc. raised its holdings in shares of HollyFrontier Corporation by 148.2% in the third quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock worth $57,682,000 after buying an additional 957,494 shares during the period. Monarch Partners Asset Management LLC purchased a new stake in shares of HollyFrontier Corporation in the third quarter worth approximately $6,621,000. Finally, State of Wisconsin Investment Board raised its holdings in shares of HollyFrontier Corporation by 5.2% in the third quarter. State of Wisconsin Investment Board now owns 154,898 shares of the oil and gas company’s stock worth $5,572,000 after buying an additional 7,628 shares during the period. Hedge funds and other institutional investors own 82.27% of the company’s stock.
About HollyFrontier Corporation
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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