BerganKDV Wealth Management LLC Has $1,415,000 Position in HollyFrontier Corporation (HFC)
BerganKDV Wealth Management LLC increased its stake in shares of HollyFrontier Corporation (NYSE:HFC) by 16.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 57,760 shares of the company’s stock after buying an additional 8,230 shares during the period. BerganKDV Wealth Management LLC’s holdings in HollyFrontier Corporation were worth $1,415,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in HFC. Bellwether Investment Group LLC acquired a new position in HollyFrontier Corporation during the second quarter worth approximately $139,000. Van ECK Associates Corp boosted its position in HollyFrontier Corporation by 8.9% in the second quarter. Van ECK Associates Corp now owns 8,065 shares of the company’s stock worth $192,000 after buying an additional 660 shares during the period. GAM Holding AG boosted its position in HollyFrontier Corporation by 70.2% in the second quarter. GAM Holding AG now owns 8,296 shares of the company’s stock worth $197,000 after buying an additional 3,421 shares during the period. Trust Co boosted its position in HollyFrontier Corporation by 7.0% in the second quarter. Trust Co now owns 8,590 shares of the company’s stock worth $204,000 after buying an additional 565 shares during the period. Finally, First Midwest Bank Trust Division acquired a new position in HollyFrontier Corporation during the second quarter worth approximately $206,000. 83.47% of the stock is owned by hedge funds and other institutional investors.
Shares of HollyFrontier Corporation (NYSE:HFC) traded down 1.70% on Friday, reaching $30.03. The company’s stock had a trading volume of 2,108,801 shares. The company’s market cap is $5.28 billion. HollyFrontier Corporation has a 12-month low of $22.07 and a 12-month high of $39.17. The company’s 50 day moving average price is $31.60 and its 200 day moving average price is $26.67.
HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.60 billion. HollyFrontier Corporation had a positive return on equity of 3.30% and a negative net margin of 3.40%. The company’s quarterly revenue was down 20.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 earnings per share. Analysts forecast that HollyFrontier Corporation will post $0.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Monday, November 28th were issued a $0.33 dividend. The ex-dividend date was Wednesday, November 23rd. This represents a $1.32 annualized dividend and a dividend yield of 4.40%. HollyFrontier Corporation’s dividend payout ratio is currently -65.02%.
A number of equities analysts have issued reports on HFC shares. Howard Weil cut HollyFrontier Corporation from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $29.00 to $24.00 in a report on Wednesday, October 19th. Vetr cut HollyFrontier Corporation from a “strong-buy” rating to a “sell” rating and set a $23.33 target price for the company. in a report on Monday, October 24th. Tudor Pickering raised HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Royal Bank Of Canada upped their target price on HollyFrontier Corporation from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, November 1st. Finally, RBC Capital Markets reaffirmed a “buy” rating and issued a $42.00 target price on shares of HollyFrontier Corporation in a report on Tuesday, January 3rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.97.
In related news, Director James H. Lee sold 2,730 shares of the business’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $31.72, for a total transaction of $86,595.60. Following the transaction, the director now owns 54,199 shares in the company, valued at approximately $1,719,192.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Jennings sold 20,000 shares of the business’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $30.05, for a total value of $601,000.00. Following the transaction, the insider now owns 102,318 shares in the company, valued at approximately $3,074,655.90. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.
HollyFrontier Corporation Company Profile
HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.
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