Brokerages expect HollyFrontier Corp (NYSE:HFC) to announce earnings of $1.73 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for HollyFrontier’s earnings. The highest EPS estimate is $1.99 and the lowest is $1.42. HollyFrontier reported earnings per share of $0.70 in the same quarter last year, which would suggest a positive year over year growth rate of 147.1%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that HollyFrontier will report full year earnings of $5.86 per share for the current fiscal year, with EPS estimates ranging from $5.62 to $6.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $7.45 per share, with EPS estimates ranging from $6.66 to $8.15. Zacks’ EPS averages are a mean average based on a survey of research firms that cover HollyFrontier.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.32. The business had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.42 billion. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The firm’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS.

Several brokerages recently commented on HFC. US Capital Advisors raised shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Jefferies Financial Group raised shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price objective for the company in a research note on Tuesday, October 16th. Cowen set a $76.00 price objective on shares of HollyFrontier and gave the company a “hold” rating in a research note on Monday. ValuEngine downgraded shares of HollyFrontier from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of HollyFrontier from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Wednesday, November 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $74.62.

In other HollyFrontier news, Director Robert J. Kostelnik sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $61.62, for a total value of $92,430.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in HollyFrontier by 43.8% in the 3rd quarter. AQR Capital Management LLC now owns 9,453,335 shares of the oil and gas company’s stock valued at $660,788,000 after acquiring an additional 2,880,492 shares during the period. Janus Henderson Group PLC increased its position in shares of HollyFrontier by 51.9% during the third quarter. Janus Henderson Group PLC now owns 2,663,824 shares of the oil and gas company’s stock worth $186,201,000 after buying an additional 909,900 shares during the period. Bank of New York Mellon Corp increased its position in shares of HollyFrontier by 6.3% during the third quarter. Bank of New York Mellon Corp now owns 2,552,909 shares of the oil and gas company’s stock worth $178,448,000 after buying an additional 152,230 shares during the period. Northern Trust Corp increased its position in shares of HollyFrontier by 4.2% during the second quarter. Northern Trust Corp now owns 2,459,478 shares of the oil and gas company’s stock worth $168,301,000 after buying an additional 98,605 shares during the period. Finally, Millennium Management LLC increased its position in shares of HollyFrontier by 38.4% during the second quarter. Millennium Management LLC now owns 2,148,646 shares of the oil and gas company’s stock worth $147,032,000 after buying an additional 595,839 shares during the period. Hedge funds and other institutional investors own 85.66% of the company’s stock.

NYSE:HFC traded down $1.50 on Monday, hitting $56.64. The company had a trading volume of 76,828 shares, compared to its average volume of 2,037,219. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 0.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.50 and a quick ratio of 1.30. HollyFrontier has a 52 week low of $42.42 and a 52 week high of $83.28.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is currently 56.90%.

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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Earnings History and Estimates for HollyFrontier (NYSE:HFC)

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