Several brokerages have updated their recommendations and price targets on shares of HollyFrontier (NYSE: HFC) in the last few weeks:

  • 12/13/2017 – HollyFrontier was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “HollyFrontier is one of the largest independent oil refiners in the U.S. with the capability to process a wide mix of crude. While its access to some of the fastest growing domestic markets bode well for the downstream operator, the Petro-Canada Lubricants acquisition has helped HollyFrontier expand into a high-margin, less competitive business. A strong financial position and attractive yields are other positives in the HFC story. Finally, we expect improving refining outlook to buoy the company’s bottom line in the fourth quarter of 2017. Consequently, we think HollyFrontier offers substantial upside potential from the current price levels and view it as a preferred energy play to own now.”
  • 12/8/2017 – HollyFrontier had its “market perform” rating reaffirmed by analysts at Cowen Inc. They now have a $38.00 price target on the stock, up previously from $35.00.
  • 12/8/2017 – HollyFrontier was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating.
  • 12/5/2017 – HollyFrontier was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HollyFrontier is one of the largest independent oil refiners in the U.S. with the capability to process a wide mix of crude. While its access to some of the fastest growing domestic markets bode well for the downstream operator, the Petro-Canada Lubricants acquisition has helped HollyFrontier expand into a high-margin, less competitive business. A strong financial position and attractive yields are other positives in the HFC story. However, HollyFrontier has been bogged down by lingering issues pertaining to the refining margins, plus cost escalation associated with maintenance downtime and unplanned refinery shutdowns. As it is, we remain wary of the continued pressure on HollyFrontier's top line. Last but not the least, the U.S. refiners are feeling the pinch of higher RFS costs to comply with new cleaner gasoline production rules. Given these factors, we see HFC as a stock that ordinary investors should hold.”
  • 11/29/2017 – HollyFrontier was downgraded by analysts at Tudor Pickering from a “buy” rating to a “hold” rating.
  • 11/20/2017 – HollyFrontier was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock.
  • 11/17/2017 – HollyFrontier had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $38.00 price target on the stock.
  • 11/14/2017 – HollyFrontier had its price target raised by analysts at Barclays PLC from $47.00 to $57.00. They now have an “overweight” rating on the stock.
  • 11/6/2017 – HollyFrontier had its price target raised by analysts at Royal Bank of Canada from $42.00 to $49.00. They now have an “outperform” rating on the stock.
  • 11/2/2017 – HollyFrontier was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/2/2017 – HollyFrontier had its price target raised by analysts at Oppenheimer Holdings Inc. to $47.00. They now have a “neutral” rating on the stock.
  • 11/2/2017 – HollyFrontier had its price target raised by analysts at Wells Fargo & Company from $33.00 to $40.00. They now have a “market perform” rating on the stock.
  • 11/2/2017 – HollyFrontier is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $47.00 price target on the stock.
  • 11/2/2017 – HollyFrontier was upgraded by analysts at Goldman Sachs Group Inc from a “sell” rating to a “neutral” rating. They now have a $26.00 price target on the stock.
  • 11/1/2017 – HollyFrontier was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 11/1/2017 – HollyFrontier had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $39.00 price target on the stock.
  • 10/23/2017 – HollyFrontier had its “underperform” rating reaffirmed by analysts at Macquarie.
  • 10/18/2017 – HollyFrontier had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $42.00 price target on the stock.
  • 10/17/2017 – HollyFrontier had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $30.00 price target on the stock.
  • 10/17/2017 – HollyFrontier was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “HollyFrontier is one of the largest independent oil refiners in the U.S. with the capability to process a wide mix of crude. While its access to some of the fastest growing domestic markets bode well for the downstream operator, the Petro-Canada Lubricants acquisition has helped HollyFrontier expand into a high-margin, less competitive business. Additionally, through its 36% interest in Holly Energy Partners, the company maintains fee-based assets with limited commodity price exposure. A strong financial position and attractive yields are other positives in the HFC story. Consequently, we think HollyFrontier offers substantial upside potential from the current price levels and view it as an attractive investment. “

Shares of HollyFrontier Corporation (HFC) opened at $48.06 on Thursday. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. HollyFrontier Corporation has a 12-month low of $23.46 and a 12-month high of $48.28. The company has a market capitalization of $8,376.15, a price-to-earnings ratio of 30.48, a P/E/G ratio of 1.99 and a beta of 1.31.

HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.89 by $0.25. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm posted $0.42 earnings per share. HollyFrontier’s revenue was up 30.6% compared to the same quarter last year. research analysts predict that HollyFrontier Corporation will post 2.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.32 annualized dividend and a dividend yield of 2.75%. HollyFrontier’s dividend payout ratio (DPR) is presently 69.47%.

In related news, Director Michael Jennings sold 4,500 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. Following the sale, the director now directly owns 49,717 shares of the company’s stock, valued at $2,212,406.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.51% of the company’s stock.

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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