HollyFrontier (NYSE:HFC) Upgraded to Buy by Argus

The institutional investor owned 2,418,323 shares of the oil and gas company's stock after buying an additional 38,591 shares during the period. Principal Financial Group Inc. boosted its stake in shares of HollyFrontier by 129.6% in the second quarter.

Several other large investors also recently bought and sold shares of HFC. Finally, Toronto Dominion Bank lifted its holdings in shares of HollyFrontier by 6.3% during the second quarter. AT Bancorp bought a new stake in shares of HollyFrontier in the 2nd quarter valued at $104,000. The fund purchased 555,090 shares of the oil and gas company's stock, valued at approximately $19,967,000. Ffcm LLC increased its position in shares of HollyFrontier by 2,500.0% in the 2nd quarter. Municipal Employees Retirement System of MI now owns 81,470 shares of the oil and gas company's stock valued at $2,309,000 after buying an additional 590 shares in the last quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company's stock worth $299,000 after acquiring an additional 71 shares in the last quarter.

In other news, Director Michael Jennings sold 4,500 shares of the firm's stock in a transaction dated Thursday, November 30th. Scotiabank set a $29.00 target price on shares of HollyFrontier Corp and gave the stock a "hold" rating in a research report on Thursday, May 4th. Schroder Investment Management Group now owns 3,601,605 shares of the oil and gas company's stock valued at $100,845,000 after purchasing an additional 184,984 shares during the period. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Group One Trading L P reported 0% of its portfolio in HollyFrontier Corporation (NYSE:HFC). HollyFrontier Corporation has a 12 month low of $23.46 and a 12 month high of $46.16. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98.

Analysts await HollyFrontier Corporation (NYSE:HFC) to report earnings on February, 28. The oil and gas company reported $1.14 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.89 by $0.25. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter previous year, the firm earned $0.42 earnings per share. The company's revenue for the quarter was up 30.6% compared to the same quarter last year. analysts expect that HollyFrontier Corporation will post 2.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, May 23rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.35%.

Argus upgraded shares of HollyFrontier (NYSE:HFC) from a hold rating to a buy rating in a research note issued to investors on Monday, November 20th, MarketBeat Ratings reports. HollyFrontier's dividend payout ratio (DPR) is now 69.47%. Piper Jaffray Companies restated a hold rating and set a $38.00 target price on shares of HollyFrontier in a report on Friday, November 17th. Finally, BidaskClub upgraded HollyFrontier from a "hold" rating to a "buy" rating in a research note on Saturday, August 5th. TheStreet upgraded shares of HollyFrontier from a "c+" rating to a "b" rating in a research note on Wednesday, November 1st. The brokerage now has $53.00 price objective on the oil and gas company's stock.

Hollyfrontier Corp (NYSE:HFC) shares have just seen their rating decreased by analysts at J.P. Morgan to a "Sell" in analysts report issued to clients on Friday morning. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Barclays Capital has "Overweight" rating and $47 target.

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HollyFrontier Corp Company Profile HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt.