BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in shares of HollyFrontier Corp (NYSE:HFC) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,081 shares of the oil and gas company’s stock after selling 8,208 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.07% of HollyFrontier worth $8,603,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P increased its stake in HollyFrontier by 99.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 5,617 shares of the oil and gas company’s stock worth $393,000 after acquiring an additional 2,800 shares during the period. Kepos Capital LP increased its stake in HollyFrontier by 22.1% during the 3rd quarter. Kepos Capital LP now owns 89,695 shares of the oil and gas company’s stock worth $6,270,000 after acquiring an additional 16,211 shares during the period. Honkamp Krueger Financial Services Inc. bought a new position in HollyFrontier during the 3rd quarter worth $116,000. Sowell Financial Services LLC bought a new position in HollyFrontier during the 3rd quarter worth $564,000. Finally, Allianz Asset Management GmbH increased its stake in HollyFrontier by 56.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 431,231 shares of the oil and gas company’s stock worth $30,143,000 after acquiring an additional 155,598 shares during the period. Institutional investors own 85.66% of the company’s stock.
HFC has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 14th. ValuEngine lowered HollyFrontier from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. US Capital Advisors lowered HollyFrontier from an “overweight” rating to a “hold” rating in a research note on Friday, September 7th. Cowen set a $76.00 price objective on HollyFrontier and gave the stock a “hold” rating in a research note on Monday, December 3rd. Finally, Jefferies Financial Group upgraded HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price objective on the stock in a research note on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $74.62.
In other HollyFrontier news, Director Robert J. Kostelnik sold 1,500 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $61.62, for a total value of $92,430.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.51% of the company’s stock.
Shares of HFC stock opened at $56.85 on Friday. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 0.94 and a beta of 1.04. HollyFrontier Corp has a fifty-two week low of $42.42 and a fifty-two week high of $83.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.50.
HollyFrontier (NYSE:HFC) last issued its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.32. The firm had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.42 billion. HollyFrontier had a return on equity of 13.94% and a net margin of 8.51%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. On average, analysts forecast that HollyFrontier Corp will post 5.86 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 issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Tuesday, November 20th. HollyFrontier’s dividend payout ratio is presently 56.90%.
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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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