HollyFrontier Corp (NYSE:HFC) was the target of unusually large options trading activity on Tuesday. Traders bought 6,115 call options on the stock. This represents an increase of approximately 1,452% compared to the typical volume of 394 call options.

Several research firms have commented on HFC. Jefferies Financial Group restated a “hold” rating and issued a $49.00 price target on shares of HollyFrontier in a research note on Tuesday, January 29th. Zacks Investment Research upgraded shares of HollyFrontier from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Morgan Stanley began coverage on shares of HollyFrontier in a research note on Tuesday, February 12th. They issued an “equal weight” rating and a $65.00 price target for the company. ValuEngine upgraded shares of HollyFrontier from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Credit Suisse Group dropped their price target on shares of HollyFrontier from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. HollyFrontier presently has a consensus rating of “Hold” and a consensus target price of $68.57.

In other HollyFrontier news, Director Michael Jennings sold 9,000 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $55.27, for a total value of $497,430.00. Following the completion of the transaction, the director now owns 18,899 shares in the company, valued at $1,044,547.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Several large investors have recently made changes to their positions in HFC. CSat Investment Advisory L.P. grew its position in HollyFrontier by 126.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock worth $27,000 after buying an additional 295 shares during the period. We Are One Seven LLC acquired a new position in HollyFrontier during the fourth quarter worth about $37,000. Clarus Wealth Advisors acquired a new position in HollyFrontier during the first quarter worth about $43,000. Captrust Financial Advisors lifted its holdings in shares of HollyFrontier by 167.0% in the fourth quarter. Captrust Financial Advisors now owns 1,036 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 648 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of HollyFrontier in the fourth quarter valued at about $64,000. 87.15% of the stock is owned by institutional investors and hedge funds.

Shares of HFC opened at $48.00 on Wednesday. HollyFrontier has a 1-year low of $46.75 and a 1-year high of $83.28. The firm has a market capitalization of $8.28 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.98 and a beta of 1.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.82 and a quick ratio of 1.66.

HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Wednesday, February 20th. The oil and gas company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.26. HollyFrontier had a net margin of 6.20% and a return on equity of 17.85%. The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the previous year, the company earned $0.70 earnings per share. HollyFrontier’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts predict that HollyFrontier will post 4.81 earnings per share for the current fiscal year.

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About HollyFrontier

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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