Equities analysts predict that HollyFrontier Corp (NYSE:HFC) will post earnings per share (EPS) of $1.92 for the current quarter, according to Zacks. Three analysts have issued estimates for HollyFrontier’s earnings, with the lowest EPS estimate coming in at $1.80 and the highest estimate coming in at $2.10. HollyFrontier posted earnings per share of $0.70 during the same quarter last year, which indicates a positive year over year growth rate of 174.3%. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 20th.
According to Zacks, analysts expect that HollyFrontier will report full year earnings of $6.18 per share for the current financial year, with EPS estimates ranging from $6.05 to $6.31. For the next financial year, analysts expect that the business will post earnings of $6.53 per share, with EPS estimates ranging from $5.13 to $8.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for HollyFrontier.
HollyFrontier (NYSE:HFC) last announced its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.32. HollyFrontier had a return on equity of 13.94% and a net margin of 8.51%. The company had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year.
A number of analysts recently commented on the company. US Capital Advisors upgraded HollyFrontier from a “hold” rating to an “overweight” rating in a research report on Monday, October 15th. Jefferies Financial Group upgraded HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 target price on the stock in a report on Tuesday, October 16th. ValuEngine upgraded HollyFrontier from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Cowen set a $76.00 target price on HollyFrontier and gave the stock a “hold” rating in a report on Monday, December 3rd. Finally, JPMorgan Chase & Co. raised their target price on HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. HollyFrontier has an average rating of “Hold” and a consensus target price of $74.62.
Shares of NYSE:HFC traded up $0.62 during midday trading on Friday, reaching $55.70. The company’s stock had a trading volume of 69,138 shares, compared to its average volume of 2,012,516. HollyFrontier has a fifty-two week low of $42.42 and a fifty-two week high of $83.28. The firm has a market cap of $9.24 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 0.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.50.
In other HollyFrontier news, Director Robert J. Kostelnik sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $61.62, for a total value of $92,430.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.57% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HFC. Polaris Greystone Financial Group LLC acquired a new position in shares of HollyFrontier during the 4th quarter worth approximately $330,000. Oakbrook Investments LLC increased its holdings in shares of HollyFrontier by 58.2% during the 4th quarter. Oakbrook Investments LLC now owns 15,025 shares of the oil and gas company’s stock worth $768,000 after acquiring an additional 5,530 shares during the last quarter. Daiwa SB Investments Ltd. increased its holdings in shares of HollyFrontier by 182.7% during the 4th quarter. Daiwa SB Investments Ltd. now owns 3,590 shares of the oil and gas company’s stock worth $184,000 after acquiring an additional 2,320 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in shares of HollyFrontier during the 4th quarter worth approximately $924,000. Finally, Polianta Ltd increased its holdings in shares of HollyFrontier by 80.1% during the 4th quarter. Polianta Ltd now owns 32,240 shares of the oil and gas company’s stock worth $1,648,000 after acquiring an additional 14,340 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.
HollyFrontier Company Profile
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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