HollyFrontier Corporation (NYSE:HFC)‘s stock had its “hold” rating reissued by stock analysts at Cowen and Company in a report released on Tuesday. They currently have a $30.00 price objective on the oil and gas company’s stock. Cowen and Company’s price target indicates a potential downside of 16.87% from the company’s previous close.

Several other brokerages have also issued reports on HFC. Barclays PLC reissued an “overweight” rating and issued a $40.00 price target (up previously from $39.00) on shares of HollyFrontier Corporation in a report on Tuesday, October 10th. Zacks Investment Research raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday. Scotiabank raised shares of HollyFrontier Corporation from an “outperform” rating to a “focus stock” rating and boosted their price target for the company from $33.00 to $39.00 in a report on Saturday, September 30th. J P Morgan Chase & Co lowered shares of HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $33.00 to $34.00 in a report on Friday, October 6th. Finally, Tudor Pickering raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $34.29.

HollyFrontier Corporation (NYSE:HFC) traded up 0.30% during mid-day trading on Tuesday, hitting $36.20. The stock had a trading volume of 836,140 shares. The company has a market cap of $6.35 billion, a P/E ratio of 45.94 and a beta of 1.23. The company has a 50-day moving average price of $34.00 and a 200 day moving average price of $28.95. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $37.00.

HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The firm’s revenue was up 27.4% on a year-over-year basis. Equities research analysts forecast that HollyFrontier Corporation will post $1.68 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of HFC. UBS Asset Management Americas Inc. lifted its position in HollyFrontier Corporation by 14.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 546,257 shares of the oil and gas company’s stock worth $15,481,000 after buying an additional 67,870 shares in the last quarter. SG Americas Securities LLC lifted its position in HollyFrontier Corporation by 232.7% during the 1st quarter. SG Americas Securities LLC now owns 19,716 shares of the oil and gas company’s stock worth $559,000 after buying an additional 13,790 shares in the last quarter. Teachers Advisors LLC lifted its position in HollyFrontier Corporation by 2.2% during the 1st quarter. Teachers Advisors LLC now owns 410,968 shares of the oil and gas company’s stock worth $11,647,000 after buying an additional 9,031 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in HollyFrontier Corporation by 56.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 23,781 shares of the oil and gas company’s stock worth $674,000 after buying an additional 8,586 shares in the last quarter. Finally, Utah Retirement Systems lifted its position in HollyFrontier Corporation by 0.3% during the 1st quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock worth $838,000 after buying an additional 100 shares in the last quarter. 82.25% of the stock is currently owned by institutional investors and hedge funds.

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).

Analyst Recommendations for HollyFrontier Corporation (NYSE:HFC)

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