HollyFrontier Target of Unusually High Options Trading (HFC)
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.
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.
TRADEMARK VIOLATION WARNING: “HollyFrontier Target of Unusually High Options Trading (HFC)” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://theolympiareport.com/2019/04/17/hollyfrontier-target-of-unusually-high-options-trading-hfc.html.
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.
Further Reading: What are economic reports?
Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.