Brokerages Anticipate HollyFrontier Corp (NYSE:HFC) to Post $0.72 Earnings Per Share

Equities research analysts expect that HollyFrontier Corp (NYSE:HFC) will post earnings per share of $0.72 for the current quarter, Zacks reports. Three analysts have issued estimates for HollyFrontier’s earnings. The highest EPS estimate is $1.22 and the lowest is $0.53. HollyFrontier posted earnings of $2.25 per share in the same quarter last year, which suggests a negative year over year growth rate of 68%. The firm is expected to announce its next quarterly earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that HollyFrontier will report full year earnings of $5.04 per share for the current financial year, with EPS estimates ranging from $4.86 to $5.32. For the next financial year, analysts forecast that the firm will post earnings of $5.24 per share, with EPS estimates ranging from $4.24 to $6.23. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for HollyFrontier.

HollyFrontier (NYSE:HFC) last released its earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.25. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.20 billion. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. The business’s revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.98 earnings per share.

Several research firms have commented on HFC. JPMorgan Chase & Co. reduced their price objective on HollyFrontier from $55.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. ValuEngine cut HollyFrontier from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Wednesday, November 6th. Finally, Wells Fargo & Co raised their price target on HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. HollyFrontier has an average rating of “Hold” and an average price target of $56.77.

Shares of NYSE HFC traded down $0.71 during mid-day trading on Wednesday, reaching $51.15. The company had a trading volume of 463,255 shares, compared to its average volume of 1,566,532. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45. HollyFrontier has a 52 week low of $37.73 and a 52 week high of $59.50. The business’s 50-day moving average is $54.11 and its 200-day moving average is $48.62. The company has a current ratio of 2.07, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.35 per share. This is a boost from HollyFrontier’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, November 26th. HollyFrontier’s dividend payout ratio is 21.74%.

In other news, SVP Thomas G. Creery sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $57.50, for a total value of $287,500.00. Following the sale, the senior vice president now directly owns 90,004 shares in the company, valued at approximately $5,175,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO John W. Gann, Jr. sold 7,052 shares of HollyFrontier stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $52.58, for a total transaction of $370,794.16. Following the completion of the transaction, the chief accounting officer now directly owns 26,136 shares in the company, valued at approximately $1,374,230.88. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of HollyFrontier by 1.4% during the second quarter. Northern Trust Corp now owns 2,872,017 shares of the oil and gas company’s stock valued at $132,917,000 after acquiring an additional 39,797 shares in the last quarter. LSV Asset Management raised its holdings in shares of HollyFrontier by 21.8% in the second quarter. LSV Asset Management now owns 1,796,657 shares of the oil and gas company’s stock worth $83,149,000 after buying an additional 321,600 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of HollyFrontier by 2.5% in the third quarter. Great West Life Assurance Co. Can now owns 1,577,480 shares of the oil and gas company’s stock worth $84,726,000 after buying an additional 39,041 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of HollyFrontier by 3.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,166,816 shares of the oil and gas company’s stock worth $54,001,000 after buying an additional 38,049 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of HollyFrontier by 244.6% during the second quarter. Nuveen Asset Management LLC now owns 1,165,064 shares of the oil and gas company’s stock worth $53,919,000 after buying an additional 827,015 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for HollyFrontier (NYSE:HFC)

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