State Board of Administration of Florida Retirement System decreased its position in shares of HollyFrontier Corp (NYSE:HFC) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,307 shares of the oil and gas company’s stock after selling 7,849 shares during the period. State Board of Administration of Florida Retirement System owned 0.14% of HollyFrontier worth $17,706,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Premia Global Advisors LLC purchased a new stake in HollyFrontier during the second quarter valued at approximately $101,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in HollyFrontier by 375.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $130,000 after acquiring an additional 1,500 shares during the last quarter. Mainstay Capital Management LLC ADV purchased a new stake in HollyFrontier during the second quarter valued at approximately $137,000. First Hawaiian Bank purchased a new stake in HollyFrontier during the third quarter valued at approximately $147,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in HollyFrontier during the second quarter valued at approximately $145,000. 87.65% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the stock. US Capital Advisors raised shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research report 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 target on the stock in a research note on Tuesday, October 16th. Zacks Investment Research lowered shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Mizuho started coverage on shares of HollyFrontier in a research note on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price target on the stock. Finally, Morgan Stanley upped their price target 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 equities research analysts have rated the stock with a sell rating, eight have assigned 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 $71.38.
Shares of HollyFrontier stock opened at $64.70 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. HollyFrontier Corp has a 12-month low of $41.68 and a 12-month high of $83.28. The company has a market cap of $11.81 billion, a price-to-earnings 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 data on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.32. The firm had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.42 billion. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. Research analysts forecast that HollyFrontier Corp will post 5.72 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 21st will be paid a $0.33 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.04%. HollyFrontier’s payout ratio is currently 56.90%.
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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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