Cornerstone Capital Management Holdings LLC. cut its stake in shares of HollyFrontier Corp (NYSE:HFC) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 738,185 shares of the oil and gas company’s stock after selling 15,242 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.42% of HollyFrontier worth $37,809,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Public Employees Retirement Association of Colorado lifted its position in HollyFrontier by 3.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 36,474 shares of the oil and gas company’s stock worth $1,868,000 after acquiring an additional 1,129 shares during the last quarter. Boston Private Wealth LLC lifted its position in HollyFrontier by 4.2% during the third quarter. Boston Private Wealth LLC now owns 39,822 shares of the oil and gas company’s stock worth $1,432,000 after acquiring an additional 1,589 shares during the last quarter. Cadence Capital Management LLC lifted its position in HollyFrontier by 6.3% during the third quarter. Cadence Capital Management LLC now owns 27,156 shares of the oil and gas company’s stock worth $977,000 after acquiring an additional 1,613 shares during the last quarter. Amalgamated Bank lifted its position in HollyFrontier by 5.9% during the fourth quarter. Amalgamated Bank now owns 35,807 shares of the oil and gas company’s stock worth $1,834,000 after acquiring an additional 2,010 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in HollyFrontier by 0.7% during the third quarter. Rhumbline Advisers now owns 317,799 shares of the oil and gas company’s stock worth $11,431,000 after acquiring an additional 2,056 shares during the last quarter. Hedge funds and other institutional investors own 86.08% of the company’s stock.
HFC has been the subject of several research reports. Cowen raised their price objective on shares of HollyFrontier from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 21st. Bank of America downgraded shares of HollyFrontier from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 price target on shares of HollyFrontier in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Friday, January 19th. Finally, Howard Weil downgraded shares of HollyFrontier from a “focus list” rating to an “outperform” rating in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $43.40.
HollyFrontier Corp (HFC) opened at $45.99 on Tuesday. HollyFrontier Corp has a 1 year low of $23.46 and a 1 year high of $53.21. The company has a market cap of $8,250.94, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.17. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.01 and a current ratio of 2.15.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.12). HollyFrontier had a net margin of 5.65% and a return on equity of 7.51%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. equities research analysts anticipate that HollyFrontier Corp will post 3.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.32 annualized dividend and a yield of 2.87%. HollyFrontier’s dividend payout ratio is currently 29.20%.
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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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