Exane Derivatives boosted its holdings in HollyFrontier Corp (NYSE:HFC) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,944 shares of the oil and gas company’s stock after purchasing an additional 452 shares during the quarter. Exane Derivatives’ holdings in HollyFrontier were worth $3,354,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. North Star Investment Management Corp. purchased a new position in HollyFrontier in the third quarter worth $25,000. Cornerstone Advisors Inc. boosted its position in HollyFrontier by 66.5% in the third quarter. Cornerstone Advisors Inc. now owns 526 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 210 shares during the last quarter. Bridger Capital Management LLC purchased a new position in HollyFrontier in the third quarter worth $34,000. Cerebellum GP LLC purchased a new position in HollyFrontier in the fourth quarter worth $48,000. Finally, Bartlett & Co. LLC boosted its position in HollyFrontier by 13,900.0% in the third quarter. Bartlett & Co. LLC now owns 980 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 973 shares during the last quarter. Institutional investors and hedge funds own 84.80% of the company’s stock.
In related news, SVP Thomas G. Creery sold 5,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $57.50, for a total transaction of $287,500.00. Following the sale, the senior vice president now directly owns 90,004 shares in the company, valued at approximately $5,175,230. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard Lawrence Voliva III sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $50.88, for a total value of $1,017,600.00. Following the sale, the chief financial officer now owns 66,415 shares in the company, valued at $3,379,195.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,909 shares of company stock worth $2,844,988. 0.49% of the stock is currently owned by corporate insiders.
Shares of NYSE:HFC traded down $0.71 during midday trading on Wednesday, reaching $46.13. 42,868 shares of the company traded hands, compared to its average volume of 1,164,289. The company has a quick ratio of 1.11, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. HollyFrontier Corp has a 12 month low of $37.73 and a 12 month high of $58.88. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The firm’s fifty day moving average price is $49.70 and its two-hundred day moving average price is $50.48.
HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.25. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the company posted $1.98 EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. Analysts forecast that HollyFrontier Corp will post 4.92 earnings per share for the current year.
Several research analysts have weighed in on HFC shares. ValuEngine cut HollyFrontier from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Barclays started coverage on HollyFrontier in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Zacks Investment Research raised 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, November 6th. Royal Bank of Canada restated a “buy” rating and issued a $59.00 target price on shares of HollyFrontier in a research note on Monday. Finally, Wells Fargo & Co boosted their target price on HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. HollyFrontier currently has an average rating of “Hold” and an average target price of $52.77.
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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