Insider Selling: HollyFrontier Corp (HFC) CAO Sells 2,000 Shares of Stock
HollyFrontier Corp (NYSE:HFC) CAO John W. Gann, Jr. sold 2,000 shares of the company’s stock in a transaction on Saturday, November 10th. The shares were sold at an average price of $41.96, for a total transaction of $83,920.00. Following the sale, the chief accounting officer now directly owns 35,705 shares in the company, valued at approximately $1,498,181.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
HollyFrontier Corp (HFC) traded down $0.26 during midday trading on Tuesday, hitting $52.25. 2,939,564 shares of the stock were exchanged, compared to its average volume of 2,118,290. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $9,260.00, a PE ratio of 27.50, a PEG ratio of 1.61 and a beta of 1.30. HollyFrontier Corp has a 12-month low of $23.46 and a 12-month high of $53.21.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. research analysts forecast that HollyFrontier Corp will post 2.38 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in shares of 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 last quarter. FNY Managed Accounts LLC bought a new position in shares of HollyFrontier in the third quarter worth about $163,000. Country Club Trust Company n.a. bought a new position in shares of HollyFrontier in the fourth quarter worth about $266,000. ZWJ Investment Counsel Inc. bought a new position in shares of HollyFrontier in the third quarter worth about $216,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of HollyFrontier in the third quarter worth about $220,000. Hedge funds and other institutional investors own 83.21% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/16/insider-selling-hollyfrontier-corp-hfc-cao-sells-2000-shares-of-stock.html.
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).
Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.