HollyFrontier Corporation's (HFC) Buy Rating Reaffirm at the Deutsche Bank AG
- Author: Anthony Vega Feb 25, 2017,
Feb 25, 2017, 0:06
TheStreet upgraded shares of HollyFrontier Corporation from a "sell" rating to a "hold" rating in a research report on Thursday, December 1st. It is important to note that target price projections can be quite different from analyst to analyst. The stock now has a consensus rating of "Hold" and a consensus target price of $31.30.
As a percentage of HFC's recent stock price of $29.29, this dividend works out to approximately 1.13%, so look for shares of HollyFrontier Corp.to trade 1.13% lower - all else being equal - when HFC shares open for trading on 2/24/17. Given that liquidity is king in short-term, HFC is a stock with 176.99 million shares outstanding that normally trades 8.12% of its float. The firm's market capitalization is $5.27 billion. The stock is going forward to its 52-week low with 55.54% and lagging behind from its 52-week high price with 0.26%. The stock was sold at an average price of $32.18, for a total value of $210,103.22. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. The firm earned $2.96 billion during the quarter, compared to analyst estimates of $2.62 billion. State Street Corp owned about 4.31% of HollyFrontier Corporation worth $248,161,000 as of its most recent SEC filing. During the same period in the prior year, the company posted $0.24 earnings per share.
FT reports, The 12 analysts offering 12 month price targets for HollyFrontier Corp have a median target of 31.50, with a high estimate of 42.00 and a low estimate of 29.00.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. This can help in judging whether the most recent dividends from these companies are likely to continue. HollyFrontier Corporation's dividend payout ratio is now -65.02%. For the Trailing twelve month period, company showed a Net Profit Margin of 8.9% and Return on Equity of the stock is 26.74%. The average twelve-month price target among brokerages that have covered the stock in the past year is $31.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James H. Lee sold 2,730 shares of the stock in a transaction dated Tuesday, December 20th. The peak price level was also seen at $29.55 while the days lowest was $28.58. Following the completion of the sale, the director now directly owns 54,199 shares of the company's stock, valued at approximately $1,719,192.28. The disclosure for this sale can be found here. Earnings per share were $-0.06. The institutional investor owned 44,327 shares of the company's stock after buying an additional 2,529 shares during the period. Cullen Frost Bankers Inc. boosted its stake in HollyFrontier Corporation by 1.3% in the third quarter. Neuberger Berman Group LLC raised its stake in shares of HollyFrontier Corporation by 4.4% in the second quarter. Following the sale, the insider now directly owns 102,318 shares of the company's stock, valued at $3,074,655.90. Price T Rowe Associates Inc.
Total operating costs and expenses in the fourth quarter fell almost 5 percent to $2.84 billion. Advantus Capital Management Inc boosted its stake in HollyFrontier Corporation by 0.9% in the third quarter. (NYSE:GPS) stock have an ABR of 3.05.
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