LS Investment Advisors LLC cut its holdings in HollyFrontier Corp (NYSE:HFC) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,887 shares of the oil and gas company’s stock after selling 554 shares during the period. LS Investment Advisors LLC’s holdings in HollyFrontier were worth $477,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Sciencast Management LP purchased a new position in shares of HollyFrontier in the third quarter valued at about $791,000. California Public Employees Retirement System increased its position in shares of HollyFrontier by 29.7% in the third quarter. California Public Employees Retirement System now owns 361,799 shares of the oil and gas company’s stock valued at $19,407,000 after acquiring an additional 82,843 shares during the period. Bridger Capital Management LLC purchased a new position in shares of HollyFrontier in the third quarter valued at about $34,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of HollyFrontier by 2.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,051 shares of the oil and gas company’s stock valued at $2,363,000 after acquiring an additional 1,054 shares during the period. Finally, Empirical Finance LLC increased its position in shares of HollyFrontier by 150.0% in the third quarter. Empirical Finance LLC now owns 44,521 shares of the oil and gas company’s stock valued at $2,388,000 after acquiring an additional 26,711 shares during the period. 84.16% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Thomas G. Creery sold 5,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $57.50, for a total transaction of $287,500.00. Following the sale, the senior vice president now owns 90,004 shares of the company’s stock, valued at $5,175,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.
Shares of NYSE HFC opened at $53.42 on Thursday. HollyFrontier Corp has a 1 year low of $37.73 and a 1 year high of $68.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.11. The company’s 50-day moving average is $54.24 and its 200 day moving average is $47.77. The stock has a market capitalization of $8.77 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.07 and a beta of 1.45.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.25. HollyFrontier had a net margin of 4.89% and a return on equity of 17.42%. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the previous year, the company earned $1.98 earnings per share. HollyFrontier’s quarterly revenue was down 7.3% on a year-over-year basis. Research analysts anticipate that HollyFrontier Corp will post 4.96 earnings per share for the current year.
HFC has been the topic of a number of analyst reports. Wells Fargo & Co boosted their price objective on shares of HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. decreased their price objective on shares of HollyFrontier from $55.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday. Finally, ValuEngine upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. HollyFrontier has a consensus rating of “Hold” and an average target price of $58.52.
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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