Brokerages forecast that HollyFrontier Corp (NYSE:HFC) will announce $4.26 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for HollyFrontier’s earnings. The lowest sales estimate is $3.93 billion and the highest is $4.64 billion. HollyFrontier posted sales of $4.77 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that HollyFrontier will report full-year sales of $17.65 billion for the current financial year, with estimates ranging from $17.08 billion to $18.41 billion. For the next fiscal year, analysts expect that the company will post sales of $17.78 billion, with estimates ranging from $14.16 billion to $22.98 billion. Zacks Investment Research’s 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 data on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.51. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.31 billion. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. HollyFrontier’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share.
Shares of HFC stock traded up $1.53 on Wednesday, hitting $45.88. 2,076,058 shares of the stock were exchanged, compared to its average volume of 2,148,994. The company has a current ratio of 2.08, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $7.51 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 0.87 and a beta of 1.45. The business has a 50-day moving average of $47.92 and a 200 day moving average of $48.00. HollyFrontier has a fifty-two week low of $37.73 and a fifty-two week high of $76.56.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 22nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.32 annualized dividend and a yield of 2.88%. HollyFrontier’s dividend payout ratio (DPR) is presently 20.50%.
In related news, Director Franklin Myers purchased 2,500 shares of HollyFrontier stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $49.72 per share, with a total value of $124,300.00. Following the completion of the transaction, the director now owns 24,989 shares of the company’s stock, valued at approximately $1,242,453.08. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in shares of HollyFrontier by 17.5% in the 1st quarter. AQR Capital Management LLC now owns 11,776,317 shares of the oil and gas company’s stock worth $580,219,000 after buying an additional 1,753,888 shares during the last quarter. Northern Trust Corp raised its stake in shares of HollyFrontier by 1.4% during the 2nd quarter. Northern Trust Corp now owns 2,872,017 shares of the oil and gas company’s stock worth $132,917,000 after acquiring an additional 39,797 shares in the last quarter. AJO LP raised its stake in shares of HollyFrontier by 13.4% during the 1st quarter. AJO LP now owns 1,862,805 shares of the oil and gas company’s stock worth $91,780,000 after acquiring an additional 220,651 shares in the last quarter. LSV Asset Management raised its stake in shares of HollyFrontier by 21.8% during the 2nd quarter. LSV Asset Management now owns 1,796,657 shares of the oil and gas company’s stock worth $83,149,000 after acquiring an additional 321,600 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of HollyFrontier by 13.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,482,086 shares of the oil and gas company’s stock worth $72,800,000 after acquiring an additional 170,562 shares in the last quarter. 86.32% of the stock is owned by hedge funds and other institutional investors.
HollyFrontier Company Profile
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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