HollyFrontier Target of Unusually Large Options Trading (HFC)

HollyFrontier (NYSE:HFC) was the target of some unusual options trading on Wednesday. Stock investors bought 4,348 put options on the company. This is an increase of 979% compared to the typical volume of 403 put options.

A number of analysts recently commented on the company. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a research report on Tuesday, February 13th. Piper Jaffray reaffirmed a “hold” rating and issued a $45.00 target price on shares of HollyFrontier in a research report on Friday, February 23rd. ValuEngine raised HollyFrontier from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 7th. Barclays reiterated a “buy” rating and set a $65.00 price target on shares of HollyFrontier in a research note on Wednesday, January 10th. Finally, JPMorgan Chase lifted their price target on HollyFrontier from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $45.25.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sandy Spring Bank purchased a new position in shares of HollyFrontier in the 4th quarter worth approximately $114,000. NuWave Investment Management LLC purchased a new position in shares of HollyFrontier in the 4th quarter worth approximately $133,000. Garrison Financial Corp purchased a new position in shares of HollyFrontier in the 4th quarter worth approximately $203,000. Peregrine Asset Advisers Inc. purchased a new position in shares of HollyFrontier in the 4th quarter worth approximately $205,000. Finally, Lourd Capital LLC purchased a new position in shares of HollyFrontier in the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 86.08% of the company’s stock.



HFC stock opened at $54.57 on Thursday. HollyFrontier has a 52-week low of $23.46 and a 52-week high of $54.91. The stock has a market cap of $9,570.52, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.54 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.01.

HollyFrontier (NYSE:HFC) last announced its earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the previous year, the firm earned ($0.06) EPS. HollyFrontier’s quarterly revenue was up 35.1% on a year-over-year basis. analysts forecast that HollyFrontier will post 3.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were paid a $0.33 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.42%. HollyFrontier’s payout ratio is presently 56.90%.

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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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