Wedbush Securities Inc. boosted its stake in HollyFrontier Corp (NYSE:HFC) by 8.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,262 shares of the oil and gas company’s stock after buying an additional 613 shares during the period. Wedbush Securities Inc.’s holdings in HollyFrontier were worth $382,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in HollyFrontier by 17.5% in the 1st quarter. AQR Capital Management LLC now owns 11,776,317 shares of the oil and gas company’s stock valued at $580,219,000 after buying an additional 1,753,888 shares during the period. Northern Trust Corp raised its holdings in HollyFrontier by 0.9% in the 1st quarter. Northern Trust Corp now owns 2,832,220 shares of the oil and gas company’s stock valued at $139,543,000 after buying an additional 24,607 shares during the period. AJO LP raised its holdings in HollyFrontier by 13.4% in the 1st quarter. AJO LP now owns 1,862,805 shares of the oil and gas company’s stock valued at $91,780,000 after buying an additional 220,651 shares during the period. Great West Life Assurance Co. Can raised its holdings in HollyFrontier by 13.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,482,086 shares of the oil and gas company’s stock valued at $72,800,000 after buying an additional 170,562 shares during the period. Finally, LSV Asset Management raised its holdings in HollyFrontier by 24.9% in the 1st quarter. LSV Asset Management now owns 1,475,057 shares of the oil and gas company’s stock valued at $72,676,000 after buying an additional 294,020 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.
In other news, Director Franklin Myers bought 2,500 shares of the company’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $49.72 per share, with a total value of $124,300.00. Following the transaction, the director now directly owns 24,989 shares in the company, valued at approximately $1,242,453.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.49% of the company’s stock.
Several equities analysts have weighed in on HFC shares. Bank of America raised HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 target price for the company in a research report on Monday, April 29th. ValuEngine downgraded HollyFrontier from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, Morgan Stanley set a $54.00 target price on HollyFrontier and gave the company a “hold” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus price target of $62.41.
NYSE HFC opened at $44.35 on Friday. The company has a market cap of $7.29 billion, a P/E ratio of 6.89, a P/E/G ratio of 0.88 and a beta of 1.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.08 and a quick ratio of 1.10. The stock has a 50-day moving average of $47.99 and a two-hundred day moving average of $48.04. HollyFrontier Corp has a 1-year low of $37.73 and a 1-year high of $76.56.
HollyFrontier (NYSE:HFC) last released its earnings results on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.51. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.31 billion. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. HollyFrontier’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. On average, analysts anticipate that HollyFrontier Corp will post 4.9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 22nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.98%. The ex-dividend date is Wednesday, August 21st. HollyFrontier’s dividend payout ratio is currently 20.50%.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.
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