WINTON GROUP Ltd grew its position in shares of HollyFrontier Corp (NYSE:HFC) by 62.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,115 shares of the oil and gas company’s stock after purchasing an additional 57,094 shares during the period. WINTON GROUP Ltd owned approximately 0.08% of HollyFrontier worth $10,353,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Asset Management Inc grew its position in shares of HollyFrontier by 5.6% during the 2nd quarter. World Asset Management Inc now owns 14,311 shares of the oil and gas company’s stock valued at $979,000 after purchasing an additional 756 shares in the last quarter. BB&T Corp grew its position in shares of HollyFrontier by 2.6% during the 3rd quarter. BB&T Corp now owns 30,388 shares of the oil and gas company’s stock valued at $2,124,000 after purchasing an additional 776 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of HollyFrontier by 15.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,431 shares of the oil and gas company’s stock valued at $450,000 after purchasing an additional 843 shares in the last quarter. Advisory Services Network LLC grew its position in shares of HollyFrontier by 30.6% during the 3rd quarter. Advisory Services Network LLC now owns 4,503 shares of the oil and gas company’s stock valued at $315,000 after purchasing an additional 1,056 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of HollyFrontier by 13.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 9,554 shares of the oil and gas company’s stock valued at $668,000 after purchasing an additional 1,133 shares in the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.
NYSE HFC opened at $64.70 on Friday. HollyFrontier Corp has a 52-week low of $41.68 and a 52-week high of $83.28. 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 firm 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 posted its quarterly earnings data 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. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The company had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the firm posted $1.14 EPS. The firm’s revenue was up 28.3% compared to the same quarter last year. On average, equities analysts expect that HollyFrontier Corp will post 5.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, November 20th. HollyFrontier’s dividend payout ratio is currently 56.90%.
A number of research analysts have recently commented on HFC shares. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Thursday, July 19th. Royal Bank of Canada restated a “buy” rating and set a $70.00 price target on shares of HollyFrontier in a research report on Friday, August 3rd. US Capital Advisors downgraded shares of HollyFrontier from an “overweight” rating to a “hold” rating in a report on Friday, September 7th. 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 report on Monday, July 16th. Finally, Mizuho began coverage on shares of HollyFrontier in a report on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.38.
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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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