Royal Bank Of Canada Increases HollyFrontier Corporation (HFC) Price Target to $49.00
HollyFrontier Corporation (NYSE:HFC) had its price objective increased by stock analysts at Royal Bank Of Canada from $42.00 to $49.00 in a research report issued to clients and investors on Monday. The brokerage presently has an “outperform” rating on the oil and gas company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 22.07% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Simmons reiterated a “neutral” rating and issued a $25.00 price target (down previously from $27.00) on shares of HollyFrontier Corporation in a report on Wednesday, July 12th. Barclays PLC assumed coverage on shares of HollyFrontier Corporation in a report on Thursday. They issued an “overweight” rating and a $47.00 price target on the stock. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of HollyFrontier Corporation from a “sell” rating to a “neutral” rating and set a $26.00 price target on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $36.89.
Shares of HollyFrontier Corporation (NYSE:HFC) opened at $40.14 on Monday. HollyFrontier Corporation has a 1 year low of $22.63 and a 1 year high of $41.34. The stock has a market cap of $7,120.00, a P/E ratio of 25.90, a P/E/G ratio of 2.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00.
HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.18%. HollyFrontier Corporation’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. analysts forecast that HollyFrontier Corporation will post 1.94 EPS for the current year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AT Bancorp acquired a new position in shares of HollyFrontier Corporation in the 2nd quarter valued at about $104,000. Toronto Dominion Bank boosted its holdings in shares of HollyFrontier Corporation by 6.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 235 shares during the period. Ffcm LLC boosted its holdings in shares of HollyFrontier Corporation by 2,500.0% in the 2nd quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 4,450 shares during the period. IFP Advisors Inc boosted its holdings in shares of HollyFrontier Corporation by 304.6% in the 2nd quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 3,674 shares during the period. Finally, GLG Partners LP acquired a new position in shares of HollyFrontier Corporation in the 2nd quarter valued at about $202,000. 81.50% of the stock is owned by institutional investors.
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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