Dimensional Fund Advisors LP lessened its holdings in shares of HollyFrontier Corporation (NYSE:HFC) by 1.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,356,623 shares of the oil and gas company’s stock after selling 55,679 shares during the period. Dimensional Fund Advisors LP owned 3.02% of HollyFrontier worth $192,678,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HFC. Principal Financial Group Inc. grew its holdings in HollyFrontier by 129.6% during the 2nd quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock worth $115,495,000 after acquiring an additional 2,373,560 shares during the period. American Century Companies Inc. grew its holdings in HollyFrontier by 148.2% during the 3rd quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock worth $57,682,000 after acquiring an additional 957,494 shares during the period. Kempen Capital Management N.V. acquired a new stake in HollyFrontier during the 2nd quarter worth $24,366,000. Cornerstone Capital Management Holdings LLC. grew its holdings in HollyFrontier by 741.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company’s stock worth $27,582,000 after acquiring an additional 884,754 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in HollyFrontier by 1,974.5% during the 2nd quarter. Janus Henderson Group PLC now owns 638,955 shares of the oil and gas company’s stock worth $17,552,000 after acquiring an additional 608,155 shares during the period. 83.31% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on HFC. Royal Bank of Canada reaffirmed a “buy” rating and set a $38.00 target price on shares of HollyFrontier in a report on Friday, September 8th. Tudor Pickering cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Cowen reissued a “market perform” rating and set a $38.00 price target (up from $35.00) on shares of HollyFrontier in a research report on Friday. Barclays began coverage on shares of HollyFrontier in a research report on Thursday, November 2nd. They set an “overweight” rating and a $47.00 price target on the stock. Finally, Argus raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Monday, November 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $39.73.
In related news, Director Michael Jennings sold 4,500 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total value of $200,250.00. Following the sale, the director now directly owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.51% of the company’s stock.
Shares of HollyFrontier Corporation (NYSE:HFC) traded up $0.92 during midday trading on Tuesday, hitting $46.61. 3,198,600 shares of the stock were exchanged, compared to its average volume of 2,802,082. The company has a market capitalization of $8,099.61, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.00 and a beta of 1.31. HollyFrontier Corporation has a 52 week low of $23.46 and a 52 week high of $46.91. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.89 by $0.25. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The firm’s revenue was up 30.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. analysts forecast that HollyFrontier Corporation will post 2.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be given a $0.33 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.32 annualized dividend and a yield of 2.83%. HollyFrontier’s dividend payout ratio is currently 69.47%.
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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