Laurion Capital Management LP lessened its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 41.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,816 shares of the oil and gas company’s stock after selling 27,206 shares during the quarter. Laurion Capital Management LP’s holdings in HollyFrontier were worth $2,656,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. IBM Retirement Fund acquired a new stake in HollyFrontier during the 2nd quarter worth $209,000. Van ECK Associates Corp raised its stake in HollyFrontier by 49.3% during the 2nd quarter. Van ECK Associates Corp now owns 37,097 shares of the oil and gas company’s stock worth $2,539,000 after buying an additional 12,253 shares during the period. Oregon Public Employees Retirement Fund raised its stake in HollyFrontier by 42.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 147,471 shares of the oil and gas company’s stock worth $10,091,000 after buying an additional 44,108 shares during the period. Renaissance Technologies LLC raised its stake in HollyFrontier by 76.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,605,232 shares of the oil and gas company’s stock worth $109,846,000 after buying an additional 697,650 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in HollyFrontier by 418.8% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 24,900 shares of the oil and gas company’s stock worth $1,704,000 after buying an additional 20,100 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE HFC opened at $70.81 on Monday. The stock has a market capitalization of $12.47 billion, a PE ratio of 30.52, a P/E/G ratio of 1.25 and a beta of 1.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 1.21. HollyFrontier Corp has a fifty-two week low of $31.53 and a fifty-two week high of $83.28.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.18). HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the business earned $0.66 EPS. HollyFrontier’s revenue was up 29.3% on a year-over-year basis. sell-side analysts forecast that HollyFrontier Corp will post 5.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, August 23rd will be given a $0.33 dividend. The ex-dividend date is Wednesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.86%. HollyFrontier’s payout ratio is 56.90%.
HFC has been the topic of several recent research reports. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday, July 19th. Wells Fargo & Co lifted their price target on HollyFrontier from $63.00 to $69.00 and gave the company a “market perform” rating in a research note on Tuesday, May 29th. Argus lifted their price target on HollyFrontier to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 24th. ValuEngine downgraded HollyFrontier from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $70.00 price target on shares of HollyFrontier in a research note on Friday, August 3rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $62.18.
HollyFrontier Company Profile
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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