California Public Employees Retirement System boosted its stake in HollyFrontier Corp (NYSE:HFC) by 29.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 361,799 shares of the oil and gas company’s stock after buying an additional 82,843 shares during the quarter. California Public Employees Retirement System owned approximately 0.22% of HollyFrontier worth $19,407,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Bridger Capital Management LLC purchased a new stake in HollyFrontier in the 3rd quarter worth approximately $34,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in HollyFrontier by 2.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,051 shares of the oil and gas company’s stock worth $2,363,000 after buying an additional 1,054 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of HollyFrontier by 150.0% during the 3rd quarter. Empirical Finance LLC now owns 44,521 shares of the oil and gas company’s stock valued at $2,388,000 after purchasing an additional 26,711 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of HollyFrontier by 40.9% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,260 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 656 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its holdings in shares of HollyFrontier by 30.1% during the 3rd quarter. Chicago Equity Partners LLC now owns 27,790 shares of the oil and gas company’s stock valued at $1,491,000 after purchasing an additional 6,435 shares in the last quarter. Institutional investors own 84.16% of the company’s stock.
A number of research firms have recently weighed in on HFC. Wells Fargo & Co raised their price target on shares of HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of HollyFrontier from $55.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, ValuEngine upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $58.52.
In related news, SVP Thomas G. Creery sold 5,000 shares of HollyFrontier stock in a transaction on Friday, October 25th. The shares were sold at an average price of $57.50, for a total value of $287,500.00. Following the transaction, the senior vice president now owns 90,004 shares in the company, valued at approximately $5,175,230. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.49% of the company’s stock.
Shares of HFC opened at $54.14 on Friday. The company has a market capitalization of $9.02 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45. HollyFrontier Corp has a one year low of $37.73 and a one year high of $65.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.11. The company’s fifty day moving average price is $54.29 and its 200 day moving average price is $47.84.
HollyFrontier (NYSE:HFC) last announced its earnings results on Thursday, October 31st. The oil and gas company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.43 by $0.25. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.20 billion. HollyFrontier had a net margin of 4.89% and a return on equity of 17.42%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. Analysts anticipate that HollyFrontier Corp will post 5.02 earnings per share for the current year.
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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