Zacks: Brokerages Anticipate HollyFrontier Corporation (HFC) Will Post Earnings of $0.76 Per Share
Equities analysts forecast that HollyFrontier Corporation (NYSE:HFC) will post earnings of $0.76 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for HollyFrontier Corporation’s earnings. The highest EPS estimate is $1.14 and the lowest is $0.17. HollyFrontier Corporation reported earnings per share of ($0.06) during the same quarter last year, which would suggest a positive year-over-year growth rate of 1,366.7%. The business is scheduled to announce its next earnings report on Wednesday, February 28th.
On average, analysts expect that HollyFrontier Corporation will report full-year earnings of $2.17 per share for the current year, with EPS estimates ranging from $1.73 to $2.65. For the next year, analysts expect that the company will report earnings of $2.55 per share, with EPS estimates ranging from $1.39 to $3.72. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow HollyFrontier Corporation.
HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. HollyFrontier Corporation’s revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share.
A number of equities research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price objective on shares of HollyFrontier Corporation in a research report on Friday, September 8th. Zacks Investment Research raised HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, October 17th. Argus upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Monday. Barclays PLC reiterated an “overweight” rating and issued a $40.00 target price (up previously from $39.00) on shares of HollyFrontier Corporation in a research note on Tuesday, October 10th. Finally, Tudor Pickering raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. HollyFrontier Corporation has a consensus rating of “Hold” and an average target price of $38.59.
A number of large investors have recently bought and sold shares of HFC. Capstone Asset Management Co. grew its holdings in HollyFrontier Corporation by 5.5% in the second quarter. Capstone Asset Management Co. now owns 24,957 shares of the oil and gas company’s stock worth $686,000 after purchasing an additional 1,310 shares during the period. NN Investment Partners Holdings N.V. grew its holdings in shares of HollyFrontier Corporation by 1,407.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 15,281 shares of the oil and gas company’s stock valued at $420,000 after buying an additional 14,267 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of HollyFrontier Corporation by 511.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 27,333 shares of the oil and gas company’s stock valued at $751,000 after buying an additional 22,861 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of HollyFrontier Corporation by 11.1% during the second quarter. LS Investment Advisors LLC now owns 17,903 shares of the oil and gas company’s stock valued at $492,000 after buying an additional 1,795 shares during the last quarter. Finally, Aperio Group LLC lifted its position in shares of HollyFrontier Corporation by 18.4% during the second quarter. Aperio Group LLC now owns 54,803 shares of the oil and gas company’s stock valued at $1,505,000 after purchasing an additional 8,516 shares in the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.
HollyFrontier Corporation (NYSE HFC) traded down $0.40 during midday trading on Friday, hitting $44.39. The stock had a trading volume of 1,894,900 shares, compared to its average volume of 2,800,662. The firm has a market capitalization of $7,870.00, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.05 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 has a 12 month low of $23.46 and a 12 month high of $44.86.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, November 20th. HollyFrontier Corporation’s dividend payout ratio (DPR) is presently 69.47%.
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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