Unigestion Holding SA increased its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 33.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,731 shares of the oil and gas company’s stock after purchasing an additional 38,015 shares during the quarter. Unigestion Holding SA owned approximately 0.09% of HollyFrontier worth $10,536,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Northern Trust Corp lifted its stake in 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 buying an additional 98,605 shares during the last quarter. Millennium Management LLC lifted its stake in 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 buying an additional 595,839 shares during the last quarter. Morgan Stanley lifted its stake in HollyFrontier by 31.8% in the second quarter. Morgan Stanley now owns 1,959,745 shares of the oil and gas company’s stock valued at $134,107,000 after buying an additional 473,166 shares during the last quarter. Janus Henderson Group PLC lifted its stake in HollyFrontier by 31.1% in the second quarter. Janus Henderson Group PLC now owns 1,753,924 shares of the oil and gas company’s stock valued at $120,021,000 after buying an additional 415,700 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in HollyFrontier by 76.9% in the second quarter. Renaissance Technologies LLC now owns 1,605,232 shares of the oil and gas company’s stock valued at $109,846,000 after buying an additional 697,650 shares during the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.
HollyFrontier stock opened at $64.70 on Friday. HollyFrontier Corp has a 12 month low of $41.68 and a 12 month 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. The company has a market cap of $11.81 billion, a PE ratio of 13.90, a P/E/G ratio of 1.13 and a beta of 1.07.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.32. HollyFrontier had a return on equity of 13.94% and a net margin of 8.51%. The business had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that HollyFrontier Corp will post 5.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.
A number of brokerages have weighed in on HFC. Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of HollyFrontier in a research note on Friday, August 3rd. Mizuho began coverage on HollyFrontier in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $75.00 price objective for the company. Zacks Investment Research upgraded 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 boosted their price objective on HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, July 16th. Finally, US Capital Advisors upgraded HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. HollyFrontier presently has a consensus rating of “Hold” and an average target price of $71.38.
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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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