Chicago Equity Partners LLC decreased its stake in HollyFrontier Corp (NYSE:HFC) by 31.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,075 shares of the oil and gas company’s stock after selling 20,305 shares during the period. Chicago Equity Partners LLC’s holdings in HollyFrontier were worth $3,081,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates lifted its stake in shares of HollyFrontier by 3.5% in the second quarter. Raymond James & Associates now owns 256,077 shares of the oil and gas company’s stock valued at $17,523,000 after purchasing an additional 8,731 shares during the period. Northern Trust Corp lifted its stake in shares of HollyFrontier by 4.2% in the second quarter. Northern Trust Corp now owns 2,459,478 shares of the oil and gas company’s stock valued at $168,301,000 after purchasing an additional 98,605 shares during the period. United Services Automobile Association lifted its stake in shares of HollyFrontier by 30.2% in the second quarter. United Services Automobile Association now owns 223,704 shares of the oil and gas company’s stock valued at $15,308,000 after purchasing an additional 51,931 shares during the period. Millennium Management LLC lifted its stake in shares of HollyFrontier by 38.4% in the second quarter. Millennium Management LLC now owns 2,148,646 shares of the oil and gas company’s stock valued at $147,032,000 after purchasing an additional 595,839 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of HollyFrontier by 13.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 47,774 shares of the oil and gas company’s stock valued at $3,269,000 after purchasing an additional 5,766 shares during the period. Hedge funds and other institutional investors own 87.65% of the company’s stock.
Shares of HFC opened at $64.70 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.50 and a debt-to-equity ratio of 0.37. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.07. HollyFrontier Corp has a 12-month low of $41.68 and a 12-month high of $83.28.
HollyFrontier (NYSE:HFC) last announced its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.32. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share. As a group, research analysts anticipate that HollyFrontier Corp will post 5.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, November 20th. HollyFrontier’s payout ratio is currently 56.90%.
Several analysts recently commented on the stock. US Capital Advisors upgraded shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Jefferies Financial Group upgraded shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price objective for the company in a research note on Tuesday, October 16th. Zacks Investment Research cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Mizuho assumed coverage on shares of HollyFrontier in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $75.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, July 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $71.38.
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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