Bokf Na trimmed its stake in shares of HollyFrontier Corp (NYSE:HFC) by 79.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,802 shares of the oil and gas company’s stock after selling 111,466 shares during the quarter. Bokf Na’s holdings in HollyFrontier were worth $1,473,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. We Are One Seven LLC acquired a new stake in shares of HollyFrontier during the fourth quarter worth $37,000. Captrust Financial Advisors lifted its holdings in shares of HollyFrontier by 167.0% during the fourth quarter. Captrust Financial Advisors now owns 1,036 shares of the oil and gas company’s stock worth $53,000 after buying an additional 648 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of HollyFrontier during the fourth quarter worth $65,000. Ipswich Investment Management Co. Inc. acquired a new stake in shares of HollyFrontier during the fourth quarter worth $66,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of HollyFrontier by 3,730.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,828,019 shares of the oil and gas company’s stock worth $75,000 after buying an additional 3,728,093 shares in the last quarter. 84.72% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Cowen set a $76.00 target price on HollyFrontier and gave the stock a “hold” rating in a report on Monday, December 3rd. Barclays reaffirmed a “buy” rating and issued a $83.00 price target on shares of HollyFrontier in a research note on Thursday, February 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $66.00 price target on shares of HollyFrontier in a research note on Friday, February 22nd. Zacks Investment Research downgraded HollyFrontier from a “hold” rating to a “strong sell” rating in a research note on Monday, February 4th. Finally, Morgan Stanley assumed coverage on HollyFrontier in a research note on Tuesday, February 12th. They issued an “equal weight” rating and a $65.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. HollyFrontier currently has a consensus rating of “Hold” and a consensus target price of $72.23.
Shares of NYSE HFC opened at $52.20 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.82 and a quick ratio of 1.66. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.17. HollyFrontier Corp has a 12 month low of $45.69 and a 12 month high of $83.28.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, February 20th. The oil and gas company reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.26. The company had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.41 billion. HollyFrontier had a return on equity of 17.85% and a net margin of 6.20%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. On average, sell-side analysts predict that HollyFrontier Corp will post 5.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 27th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Tuesday, February 26th. HollyFrontier’s dividend payout ratio (DPR) is currently 20.50%.
In other news, Director Michael Jennings sold 9,000 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $55.27, for a total transaction of $497,430.00. Following the sale, the director now directly owns 18,899 shares in the company, valued at $1,044,547.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.
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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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