HollyFrontier Corp (HFC) Holdings Trimmed by Fmr LLC

Fmr LLC trimmed its position in HollyFrontier Corp (NYSE:HFC) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,402,160 shares of the oil and gas company’s stock after selling 97,269 shares during the period. Fmr LLC owned approximately 0.80% of HollyFrontier worth $95,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Raymond James & Associates lifted its stake in shares of HollyFrontier by 3.5% during the second quarter. Raymond James & Associates now owns 256,077 shares of the oil and gas company’s stock worth $17,523,000 after buying an additional 8,731 shares during the period. Millennium Management LLC lifted its stake in shares of HollyFrontier by 38.4% during the second quarter. Millennium Management LLC now owns 2,148,646 shares of the oil and gas company’s stock worth $147,032,000 after buying an additional 595,839 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of HollyFrontier by 13.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 47,774 shares of the oil and gas company’s stock worth $3,269,000 after buying an additional 5,766 shares during the period. Morgan Stanley lifted its stake in shares of HollyFrontier by 31.8% during the second quarter. Morgan Stanley now owns 1,959,745 shares of the oil and gas company’s stock worth $134,107,000 after buying an additional 473,166 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of HollyFrontier by 354.6% during the second quarter. GSA Capital Partners LLP now owns 105,471 shares of the oil and gas company’s stock worth $7,217,000 after buying an additional 82,271 shares during the period. Institutional investors own 87.65% of the company’s stock.

Several research firms have recently commented on HFC. Royal Bank of Canada reiterated a “buy” rating and set a $70.00 price objective on shares of HollyFrontier in a research note on Friday, August 3rd. Mizuho began coverage on shares of HollyFrontier in a research note on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price objective for the company. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, July 19th. Morgan Stanley lifted their price objective on shares of HollyFrontier from $75.00 to $82.00 and gave the stock a “hold” rating in a research note on Monday, July 16th. Finally, US Capital Advisors upgraded shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $71.38.

NYSE HFC opened at $64.70 on Friday. The firm has a market cap of $11.81 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. HollyFrontier Corp has a 1 year low of $41.68 and a 1 year high of $83.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.50 and a quick ratio of 1.30.

HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.32. The company had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.42 billion. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, equities analysts predict that HollyFrontier Corp will post 5.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.32 dividend on an annualized basis and a yield of 2.04%. HollyFrontier’s dividend payout ratio is presently 56.90%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/11/10/hollyfrontier-corp-hfc-holdings-trimmed-by-fmr-llc.html.

About HollyFrontier

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.

Read More: Reverse Stock Split

Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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.

Leave a Reply