U.S. Markets closed

HollyFrontier Declares Quarterly Dividend

- By Alberto Abaterusso

HollyFrontier Corp. (HFC) annouced a regular quarterly dividend of 33 cents per share on Feb. 15.

The dividend will be paid on March 14 to shareholders of record as of Feb. 28.


Based on the quarterly dividend, the annual dividend paid will be $1.32 per share. The dividend yield is 4.41%.

Year to date, HollyFrontier has lost 8.67%. Despite its downtrend, the analysts' average target price per share is $34.42, which represents a 15% upside from the current share price. Therefore, analysts still see room for further improvement in the coming year.

For the last quarter of 2016, analysts forecast the company will generate a loss of seven cents per share, a 129.2% decrease from EPS of 24 cents reported in the fourth quarter of 2015. The forecast for fourth-quarter 2016 EPS ranges between a low of -16 cents and a high of five cents.

Concerning revenue, analysts forecast $2.5 billion on average for the quarter, which is 15% lower than fourth-quarter 2015 revenue. It ranges between a low estimate of $1.11 billion and a high estimate of $2.94 billion.

As of the most recent quarter, HollyFrontier had approximately $478.16 million in cash and securities. The total debt amounted to $1.67 billion.

The long-term debt-equity ratio of 35.73 falls slightly below the industry average of 36.15, meaning the company is in line with its industry.

The interest coverage ratio of 9.32 surpasses the industry average of 1.5. This means Holly Frontier can easily pay the interest expenses on its outstanding debt.

Over the trailing 12 months, the refiner generated cash flow of $520.51 million from its operations.

HollyFrontier has 175.81 million shares outstanding. The percentage of shares held by insiders is 0.56%, and by institutions is 82.70%. The number of shares available for trading is 174.75 million.

Last Friday, HollyFrontier closed at $29.92, down eight cents or 0.27% from the previous trading day, with 1,617,007 shares traded on the New York Stock Exchange.

The target price ranges between a low of $29 and a high of $42.

The recommendation rating is 2.8, which means the majority of analysts surveyed recommend holidng shares of the refiner. The recommendation rating ranges between 1.0 (Strong Buy) and 5.0 (Sell).

HollyFrontier has a market capitalization of $5.28 billion and an enterprise value of $7.03 billion. The oil refining company is trading at 1.13 times the book value and at 8.65 times the Ebitda.

The 52-week range is between $22.07 per share and $39.17 per share. The forward price-earnings (P/E) ratio is 13.33.

In the last quarter of 2016, Keeley Asset Management Corp (Trades, Portfolio) increased its position in HollyFrontier by 14.03%. Julian Robertson (Trades, Portfolio) established a position in the refiner, buying 638,000 shares.

Disclosure: I have no position in HollyFrontier Corp.

Start a free 7-day trial of Premium Membership to GuruFocus.

This article first appeared on GuruFocus.