Equities analysts predict that HollyFrontier Corp (NYSE:HFC) will report sales of $4.38 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for HollyFrontier’s earnings. The lowest sales estimate is $4.19 billion and the highest is $4.74 billion. HollyFrontier reported sales of $4.47 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 2%. The company is expected to announce its next quarterly earnings report on Thursday, August 1st.
On average, analysts expect that HollyFrontier will report full-year sales of $16.21 billion for the current year, with estimates ranging from $13.94 billion to $17.30 billion. For the next financial year, analysts forecast that the firm will post sales of $16.76 billion, with estimates ranging from $13.74 billion to $22.58 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for HollyFrontier.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.36 by $0.18. HollyFrontier had a return on equity of 16.86% and a net margin of 6.19%. The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis.
Shares of HFC traded down $1.43 during mid-day trading on Wednesday, reaching $42.70. The company had a trading volume of 2,140,105 shares, compared to its average volume of 2,221,840. HollyFrontier has a twelve month low of $42.19 and a twelve month high of $83.28. The company has a current ratio of 1.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.42. The stock has a market cap of $7.56 billion, a PE ratio of 6.63, a PEG ratio of 0.92 and a beta of 1.13.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Monday, May 20th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.32 dividend on an annualized basis and a yield of 3.09%. HollyFrontier’s dividend payout ratio is 20.50%.
In other HollyFrontier news, Director Franklin Myers purchased 2,900 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $42.78 per share, with a total value of $124,062.00. Following the acquisition, the director now directly owns 22,489 shares of the company’s stock, valued at approximately $962,079.42. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Jennings sold 9,000 shares of the firm’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 sale, the director now directly owns 18,899 shares of the company’s stock, valued at $1,044,547.73. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Pitcairn Co. increased its holdings in HollyFrontier by 132.5% during the 4th quarter. Pitcairn Co. now owns 17,271 shares of the oil and gas company’s stock valued at $883,000 after purchasing an additional 9,842 shares in the last quarter. CSat Investment Advisory L.P. boosted its position in HollyFrontier by 126.6% in the 4th quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 295 shares during the last quarter. First Allied Advisory Services Inc. bought a new position in HollyFrontier in the 4th quarter valued at $237,000. Jackson Hole Capital Partners LLC bought a new position in HollyFrontier in the 4th quarter valued at $294,000. Finally, State of Alaska Department of Revenue boosted its position in HollyFrontier by 6.4% in the 4th quarter. State of Alaska Department of Revenue now owns 29,631 shares of the oil and gas company’s stock valued at $1,514,000 after buying an additional 1,778 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.
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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