Insider Selling: HollyFrontier Corporation (HFC) Director Sells 5,149 Shares of Stock
HollyFrontier Corporation (NYSE:HFC) Director James H. Lee sold 5,149 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total value of $242,878.33. Following the sale, the director now owns 52,240 shares in the company, valued at approximately $2,464,160.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of HollyFrontier Corporation (NYSE:HFC) traded down $0.26 during midday trading on Thursday, hitting $47.80. The company had a trading volume of 2,119,555 shares, compared to its average volume of 2,796,778. The firm has a market cap of $8,376.15, a PE ratio of 30.48, a PEG ratio of 1.99 and a beta of 1.31. 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 1 year low of $23.46 and a 1 year high of $48.41.
HollyFrontier (NYSE:HFC) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.25. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The business’s revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. research analysts forecast that HollyFrontier Corporation will post 2.38 EPS for the current year.
Several equities research analysts have weighed in on HFC shares. TheStreet upgraded HollyFrontier from a “c+” rating to a “b” rating in a report on Wednesday, November 1st. Scotiabank reiterated a “buy” rating and issued a $39.00 price objective on shares of HollyFrontier in a report on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $42.00 price objective on shares of HollyFrontier in a report on Wednesday, October 18th. Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Monday, October 9th. Finally, Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. HollyFrontier has an average rating of “Hold” and a consensus target price of $40.67.
Several hedge funds and other institutional investors have recently made changes to their positions in HFC. Russell Investments Group Ltd. boosted its position in shares of HollyFrontier by 15.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 77,152 shares of the oil and gas company’s stock valued at $2,120,000 after purchasing an additional 10,423 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of HollyFrontier by 1.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 35,345 shares of the oil and gas company’s stock valued at $971,000 after purchasing an additional 435 shares during the period. Sei Investments Co. boosted its position in shares of HollyFrontier by 12.5% in the 2nd quarter. Sei Investments Co. now owns 7,558 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 839 shares during the period. IFP Advisors Inc boosted its position in shares of HollyFrontier by 304.6% in the 2nd quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 3,674 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of HollyFrontier by 299.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 535,710 shares of the oil and gas company’s stock valued at $14,716,000 after purchasing an additional 401,441 shares during the period. 83.31% of the stock is owned by hedge funds and other institutional investors.
HollyFrontier Company Profile
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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