Genesee Valley Trust Co. Increases Position in HollyFrontier Corp. (HFC)
Genesee Valley Trust Co. raised its position in shares of HollyFrontier Corp. (NYSE:HFC) by 44.0% during the second quarter, Holdings Channel reports. The institutional investor owned 21,662 shares of the company’s stock after buying an additional 6,618 shares during the period. Genesee Valley Trust Co.’s holdings in HollyFrontier Corp. were worth $515,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of HFC. BlackRock Fund Advisors increased its position in shares of HollyFrontier Corp. by 2.7% in the first quarter. BlackRock Fund Advisors now owns 9,338,206 shares of the company’s stock worth $329,825,000 after buying an additional 249,872 shares in the last quarter. BlackRock Group LTD increased its position in shares of HollyFrontier Corp. by 5.5% in the first quarter. BlackRock Group LTD now owns 1,329,327 shares of the company’s stock worth $46,952,000 after buying an additional 68,896 shares in the last quarter. BlackRock Inc. increased its position in shares of HollyFrontier Corp. by 11.4% in the first quarter. BlackRock Inc. now owns 265,707 shares of the company’s stock worth $9,385,000 after buying an additional 27,130 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of HollyFrontier Corp. by 2,782.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,391,718 shares of the company’s stock worth $49,155,000 after buying an additional 1,343,443 shares in the last quarter. Finally, Icon Advisers Inc. Co. increased its position in shares of HollyFrontier Corp. by 56.6% in the first quarter. Icon Advisers Inc. Co. now owns 229,600 shares of the company’s stock worth $8,109,000 after buying an additional 83,000 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of HollyFrontier Corp. (NYSE:HFC) traded down 0.93% during mid-day trading on Wednesday, reaching $24.56. 3,843,545 shares of the company traded hands. HollyFrontier Corp. has a 52-week low of $22.07 and a 52-week high of $52.30. The stock’s market capitalization is $4.32 billion. The stock’s 50 day moving average is $25.99 and its 200 day moving average is $28.70.
HollyFrontier Corp. (NYSE:HFC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.04. HollyFrontier Corp. had a positive return on equity of 8.00% and a negative net margin of 2.09%. The firm earned $2.71 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. HollyFrontier Corp.’s quarterly revenue was down 26.7% compared to the same quarter last year. On average, analysts anticipate that HollyFrontier Corp. will post $0.80 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Friday, August 19th. HollyFrontier Corp.’s payout ratio is currently -93.62%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of HollyFrontier Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 7th. Vetr downgraded shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and set a $27.67 price target on the stock. in a research note on Tuesday, August 9th. Piper Jaffray Cos. lifted their price target on shares of HollyFrontier Corp. from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, August 22nd. JPMorgan Chase & Co. dropped their price target on shares of HollyFrontier Corp. from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, June 10th. Finally, Simmons reaffirmed a “neutral” rating and set a $24.00 price target (up previously from $20.00) on shares of HollyFrontier Corp. in a research note on Friday, August 5th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. HollyFrontier Corp. has a consensus rating of “Hold” and an average target price of $36.09.
HollyFrontier Corp. 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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