SG Americas Securities LLC grew its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 288.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 116,638 shares of the oil and gas company’s stock after acquiring an additional 86,626 shares during the quarter. SG Americas Securities LLC owned about 0.07% of HollyFrontier worth $6,256,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. First Trust Advisors LP boosted its position in HollyFrontier by 1.7% during the 3rd quarter. First Trust Advisors LP now owns 501,359 shares of the oil and gas company’s stock worth $26,893,000 after acquiring an additional 8,281 shares during the period. Bartlett & Co. LLC boosted its position in HollyFrontier by 13,900.0% during the 3rd quarter. Bartlett & Co. LLC now owns 980 shares of the oil and gas company’s stock worth $53,000 after acquiring an additional 973 shares during the period. Tibra Equities Europe Ltd acquired a new position in HollyFrontier during the 3rd quarter worth $692,000. Vision Capital Management Inc. boosted its position in HollyFrontier by 1.0% during the 3rd quarter. Vision Capital Management Inc. now owns 52,054 shares of the oil and gas company’s stock worth $2,792,000 after acquiring an additional 530 shares during the period. Finally, Gabelli Funds LLC boosted its position in HollyFrontier by 29.8% during the 3rd quarter. Gabelli Funds LLC now owns 61,000 shares of the oil and gas company’s stock worth $3,272,000 after acquiring an additional 14,000 shares during the period. Institutional investors own 84.16% of the company’s stock.
Shares of NYSE HFC traded down $0.60 during mid-day trading on Friday, hitting $54.14. 1,127,523 shares of the company traded hands, compared to its average volume of 2,054,286. HollyFrontier Corp has a 1 year low of $37.73 and a 1 year high of $65.30. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.10 and a beta of 1.45. The company has a quick ratio of 1.11, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $54.29 and a two-hundred day moving average of $47.84.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.25. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.20 billion. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. HollyFrontier’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 earnings per share. As a group, research analysts anticipate that HollyFrontier Corp will post 5.02 EPS for the current year.
In other HollyFrontier news, SVP Thomas G. Creery sold 5,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $57.50, for a total value of $287,500.00. Following the transaction, the senior vice president now directly owns 90,004 shares of the company’s stock, valued at approximately $5,175,230. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.
Several analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on HollyFrontier from $55.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Co upped their price objective on HollyFrontier from $48.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. Finally, Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. HollyFrontier currently has an average rating of “Hold” and an average target price of $58.52.
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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