Carillon Tower Advisers Inc. Buys 22,700 Shares of HollyFrontier Corp (HFC)

Carillon Tower Advisers Inc. lifted its stake in HollyFrontier Corp (NYSE:HFC) by 21.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 129,550 shares of the oil and gas company’s stock after acquiring an additional 22,700 shares during the quarter. Carillon Tower Advisers Inc. owned approximately 0.07% of HollyFrontier worth $9,056,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in HollyFrontier by 51.9% during the third quarter. Janus Henderson Group PLC now owns 2,663,824 shares of the oil and gas company’s stock worth $186,201,000 after buying an additional 909,900 shares during the last quarter. BlueMountain Capital Management LLC acquired a new position in HollyFrontier during the second quarter worth approximately $49,174,000. Renaissance Technologies LLC increased its position in HollyFrontier by 76.9% during the second quarter. Renaissance Technologies LLC now owns 1,605,232 shares of the oil and gas company’s stock worth $109,846,000 after buying an additional 697,650 shares during the last quarter. Millennium Management LLC increased its position in 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 last quarter. Finally, Natixis increased its position in HollyFrontier by 2,488.2% during the second quarter. Natixis now owns 506,950 shares of the oil and gas company’s stock worth $34,691,000 after buying an additional 487,363 shares during the last quarter. 85.66% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on HFC shares. US Capital Advisors downgraded HollyFrontier from an “overweight” rating to a “hold” rating in a research report on Friday, September 7th. Jefferies Financial Group raised HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price target on the stock in a research report on Tuesday, October 16th. ValuEngine downgraded HollyFrontier from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. boosted their price target on HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $73.77.

Shares of NYSE:HFC opened at $62.47 on Monday. HollyFrontier Corp has a 12-month low of $42.42 and a 12-month high of $83.28. The company has a market cap of $10.82 billion, a PE ratio of 26.93, a PEG ratio of 1.01 and a beta of 1.05. 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 issued 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 return on equity of 13.94% and a net margin of 8.51%. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. As a group, sell-side analysts predict that HollyFrontier Corp will post 5.87 earnings per share for the current fiscal year.

The company 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 2.11%. The ex-dividend date is Tuesday, November 20th. HollyFrontier’s dividend payout ratio is presently 56.90%.

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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.

Further Reading: What is insider trading?

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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