Great West Life Assurance Co. Can increased its position in HollyFrontier Corporation (NYSE:HFC) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,954,797 shares of the oil and gas company’s stock after purchasing an additional 74,267 shares during the period. Great West Life Assurance Co. Can owned 1.10% of HollyFrontier worth $70,182,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Wedbush Securities Inc. grew its stake in HollyFrontier by 0.7% in the second quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 71 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in HollyFrontier by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 100 shares during the period. World Asset Management Inc grew its stake in HollyFrontier by 1.1% in the second quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 173 shares during the period. Vantage Financial Partners Ltd. Inc. purchased a new stake in HollyFrontier in the second quarter worth $204,000. Finally, Toronto Dominion Bank grew its stake in HollyFrontier by 6.3% in the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 235 shares during the period. 79.21% of the stock is currently owned by institutional investors.
Shares of HollyFrontier Corporation (HFC) opened at $44.89 on Monday. 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 Corporation has a 12-month low of $23.46 and a 12-month high of $44.89. The company has a market capitalization of $7,960.00, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.03 and a beta of 1.20.
HollyFrontier (NYSE:HFC) last released 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. HollyFrontier had a return on equity of 22.91% and a net margin of 7.74%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm posted $0.42 earnings per share. HollyFrontier’s revenue was up 30.6% compared to the same quarter last year. research analysts predict that HollyFrontier Corporation will post 2.17 EPS for the current fiscal year.
The firm 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 dividend of $0.33 per share. The ex-dividend date is Monday, November 20th. This represents a $1.32 annualized dividend and a dividend yield of 2.94%. HollyFrontier’s dividend payout ratio (DPR) is presently 69.47%.
Several equities research analysts recently weighed in on the company. Argus raised HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Monday, November 20th. Piper Jaffray Companies reissued a “hold” rating and issued a $38.00 target price on shares of HollyFrontier in a research note on Friday, November 17th. Barclays PLC increased their target price on HollyFrontier from $47.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 14th. Royal Bank Of Canada increased their target price on HollyFrontier from $42.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Finally, TheStreet raised HollyFrontier from a “c+” rating to a “b” rating in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus target price of $38.59.
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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