California State Teachers Retirement System Acquires 2,900 Shares of HollyFrontier Corporation (HFC)
California State Teachers Retirement System boosted its stake in shares of HollyFrontier Corporation (NYSE:HFC) by 0.8% during the third quarter, Holdings Channel reports. The firm owned 355,653 shares of the company’s stock after buying an additional 2,900 shares during the period. California State Teachers Retirement System’s holdings in HollyFrontier Corporation were worth $8,713,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of HFC. Genesee Valley Trust Co. boosted its stake in shares of HollyFrontier Corporation by 0.6% in the third quarter. Genesee Valley Trust Co. now owns 21,791 shares of the company’s stock valued at $534,000 after buying an additional 129 shares during the period. Chicago Equity Partners LLC boosted its stake in shares of HollyFrontier Corporation by 0.4% in the second quarter. Chicago Equity Partners LLC now owns 39,260 shares of the company’s stock valued at $933,000 after buying an additional 140 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of HollyFrontier Corporation by 1.3% in the third quarter. Cullen Frost Bankers Inc. now owns 14,748 shares of the company’s stock valued at $361,000 after buying an additional 186 shares during the period. Stockman Asset Management boosted its stake in shares of HollyFrontier Corporation by 1.1% in the third quarter. Stockman Asset Management now owns 18,440 shares of the company’s stock valued at $452,000 after buying an additional 200 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of HollyFrontier Corporation by 5.6% in the third quarter. Assetmark Inc. now owns 5,021 shares of the company’s stock valued at $123,000 after buying an additional 265 shares during the period. 83.47% of the stock is currently owned by hedge funds and other institutional investors.
HollyFrontier Corporation (NYSE:HFC) opened at 30.35 on Friday. The stock’s market capitalization is $5.34 billion. HollyFrontier Corporation has a 52-week low of $22.07 and a 52-week high of $39.17. The company has a 50-day moving average of $31.60 and a 200-day moving average of $26.67.
HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. The firm earned $2.85 billion during the quarter, compared to analysts’ expectations of $2.60 billion. HollyFrontier Corporation had a positive return on equity of 3.30% and a negative net margin of 3.40%. HollyFrontier Corporation’s quarterly revenue was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 EPS. Equities research analysts expect that HollyFrontier Corporation will post $0.66 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Monday, November 28th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Wednesday, November 23rd. HollyFrontier Corporation’s dividend payout ratio is presently -65.02%.
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Several brokerages recently weighed in on HFC. Vetr raised shares of HollyFrontier Corporation from a “strong sell” rating to a “sell” rating and set a $29.48 target price on the stock in a report on Monday, December 5th. Deutsche Bank AG raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and raised their target price for the company from $30.00 to $38.00 in a report on Wednesday, January 4th. TheStreet raised shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Thursday, December 1st. 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. Finally, Royal Bank Of Canada raised their target price on shares of HollyFrontier Corporation from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, November 1st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.97.
In other HollyFrontier Corporation news, insider Michael Jennings sold 6,529 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $32.18, for a total value of $210,103.22. Following the transaction, the insider now directly owns 62,727 shares of the company’s stock, valued at approximately $2,018,554.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James H. Lee sold 2,730 shares of the company’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $31.72, for a total value of $86,595.60. Following the completion of the transaction, the director now directly owns 54,199 shares in the company, valued at $1,719,192.28. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
About HollyFrontier Corporation
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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