HollyFrontier Corporation (HFC) Shares Bought by Stifel Financial Corp

Stifel Financial Corp boosted its position in HollyFrontier Corporation (NYSE:HFC) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,432 shares of the oil and gas company’s stock after purchasing an additional 7,988 shares during the period. Stifel Financial Corp owned about 0.08% of HollyFrontier Corporation worth $3,909,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in HollyFrontier Corporation by 7,017.5% in the first quarter. BlackRock Inc. now owns 21,293,640 shares of the oil and gas company’s stock valued at $603,462,000 after purchasing an additional 20,994,466 shares during the last quarter. Vanguard Group Inc. lifted its stake in HollyFrontier Corporation by 1.7% in the second quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock valued at $435,236,000 after purchasing an additional 260,132 shares during the last quarter. State Street Corp lifted its stake in HollyFrontier Corporation by 4.1% in the first quarter. State Street Corp now owns 7,883,569 shares of the oil and gas company’s stock valued at $223,408,000 after purchasing an additional 308,388 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in HollyFrontier Corporation by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,412,302 shares of the oil and gas company’s stock valued at $148,687,000 after purchasing an additional 116,502 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in HollyFrontier Corporation by 129.6% in the second quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock valued at $115,495,000 after purchasing an additional 2,373,560 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Several research firms recently commented on HFC. Tudor Pickering upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Monday. J P Morgan Chase & Co downgraded HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $33.00 to $34.00 in a research report on Friday. Scotiabank upgraded HollyFrontier Corporation from an “outperform” rating to a “focus stock” rating and increased their target price for the stock from $33.00 to $39.00 in a research report on Saturday, September 30th. Howard Weil increased their target price on HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a research report on Thursday, September 28th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $38.00 target price on shares of HollyFrontier Corporation in a research report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.05.

Shares of HollyFrontier Corporation (NYSE:HFC) opened at 36.18 on Tuesday. The stock has a market cap of $6.35 billion, a P/E ratio of 45.91 and a beta of 1.23. HollyFrontier Corporation has a 12 month low of $22.63 and a 12 month high of $37.00. The company has a 50 day moving average price of $32.92 and a 200-day moving average price of $28.68.

HollyFrontier Corporation (NYSE:HFC) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.20. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the company earned $0.28 EPS. HollyFrontier Corporation’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, equities research analysts predict that HollyFrontier Corporation will post $1.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio (DPR) is 167.09%.

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About HollyFrontier Corporation

HollyFrontier Corporation is an independent petroleum refiner. The

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in HollyFrontier Corporation by 7,017.5% in the first quarter. BlackRock Inc. now owns 21,293,640 shares of the oil and gas company’s stock valued at $603,462,000 after purchasing an additional 20,994,466 shares during the last quarter. Vanguard Group Inc. lifted its stake in HollyFrontier Corporation by 1.7% in the second quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock valued at $435,236,000 after purchasing an additional 260,132 shares during the last quarter. State Street Corp lifted its stake in HollyFrontier Corporation by 4.1% in the first quarter. State Street Corp now owns 7,883,569 shares of the oil and gas company’s stock valued at $223,408,000 after purchasing an additional 308,388 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in HollyFrontier Corporation by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,412,302 shares of the oil and gas company’s stock valued at $148,687,000 after purchasing an additional 116,502 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in HollyFrontier Corporation by 129.6% in the second quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock valued at $115,495,000 after purchasing an additional 2,373,560 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Several research firms recently commented on HFC. Tudor Pickering upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Monday. J P Morgan Chase & Co downgraded HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $33.00 to $34.00 in a research report on Friday. Scotiabank upgraded HollyFrontier Corporation from an “outperform” rating to a “focus stock” rating and increased their target price for the stock from $33.00 to $39.00 in a research report on Saturday, September 30th. Howard Weil increased their target price on HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a research report on Thursday, September 28th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $38.00 target price on shares of HollyFrontier Corporation in a research report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.05.

Shares of HollyFrontier Corporation (NYSE:HFC) opened at 36.18 on Tuesday. The stock has a market cap of $6.35 billion, a P/E ratio of 45.91 and a beta of 1.23. HollyFrontier Corporation has a 12 month low of $22.63 and a 12 month high of $37.00. The company has a 50 day moving average price of $32.92 and a 200-day moving average price of $28.68.

HollyFrontier Corporation (NYSE:HFC) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.20. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the company earned $0.28 EPS. HollyFrontier Corporation’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, equities research analysts predict that HollyFrontier Corporation will post $1.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio (DPR) is 167.09%.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/hollyfrontier-corporation-hfc-shares-bought-by-stifel-financial-corp.html.

About HollyFrontier Corporation

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. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).

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Institutional Ownership by Quarter for HollyFrontier Corporation (NYSE:HFC)

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