HollyFrontier Corp (NYSE:HFC) announced a quarterly dividend on Friday, August 3rd, Wall Street Journal reports. Investors of record on Thursday, August 23rd will be given a dividend of 0.33 per share by the oil and gas company on Thursday, September 20th. This represents a $1.32 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, August 22nd.

HollyFrontier has raised its dividend payment by an average of 1.6% per year over the last three years. HollyFrontier has a dividend payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HollyFrontier to earn $7.65 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 17.3%.

HFC opened at $67.75 on Friday. The firm has a market cap of $12.16 billion, a P/E ratio of 29.20, a PEG ratio of 1.29 and a beta of 1.12. HollyFrontier has a twelve month low of $27.04 and a twelve month high of $83.28. The company has a quick ratio of 1.21, a current ratio of 2.38 and a debt-to-equity ratio of 0.37.

HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($0.18). The firm had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.14 billion. HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. HollyFrontier’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. equities analysts forecast that HollyFrontier will post 5.33 earnings per share for the current year.

In other news, CFO Richard Lawrence Voliva III sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $80.97, for a total value of $566,790.00. Following the transaction, the chief financial officer now directly owns 43,363 shares in the company, valued at approximately $3,511,102.11. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leldon E. Echols sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $73.35, for a total transaction of $953,550.00. Following the completion of the transaction, the director now owns 36,725 shares in the company, valued at $2,693,778.75. The disclosure for this sale can be found here. Insiders have sold a total of 71,771 shares of company stock worth $5,696,707 over the last quarter. 0.57% of the stock is currently owned by insiders.

A number of equities research analysts recently weighed in on the stock. Cowen raised their price target on shares of HollyFrontier from $40.00 to $65.00 and gave the company a “market perform” rating in a report on Wednesday, May 2nd. Barclays raised their price target on shares of HollyFrontier from $61.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, May 3rd. Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, May 9th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $57.00 price target on shares of HollyFrontier in a report on Tuesday, April 24th. Finally, Mizuho assumed coverage on shares of HollyFrontier in a report on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price target for the company. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $62.18.

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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Dividend History for HollyFrontier (NYSE:HFC)

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