Bank of New York Mellon Corp lifted its holdings in shares of HollyFrontier Corporation (NYSE:HFC) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,790,255 shares of the oil and gas company’s stock after purchasing an additional 29,767 shares during the period. Bank of New York Mellon Corp owned about 1.57% of HollyFrontier Corporation worth $100,365,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in HFC. NN Investment Partners Holdings N.V. boosted its position in HollyFrontier Corporation by 1,407.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 15,281 shares of the oil and gas company’s stock valued at $420,000 after buying an additional 14,267 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in HollyFrontier Corporation by 511.2% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 27,333 shares of the oil and gas company’s stock valued at $751,000 after buying an additional 22,861 shares during the period. LS Investment Advisors LLC lifted its position in shares of HollyFrontier Corporation by 11.1% in the 2nd quarter. LS Investment Advisors LLC now owns 17,903 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 1,795 shares during the period. Aperio Group LLC lifted its position in shares of HollyFrontier Corporation by 18.4% in the 2nd quarter. Aperio Group LLC now owns 54,803 shares of the oil and gas company’s stock worth $1,505,000 after purchasing an additional 8,516 shares during the period. Finally, State Treasurer State of Michigan lifted its position in shares of HollyFrontier Corporation by 1.4% in the 2nd quarter. State Treasurer State of Michigan now owns 73,090 shares of the oil and gas company’s stock worth $2,008,000 after purchasing an additional 1,000 shares during the period. 79.21% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on the stock. Barclays PLC reaffirmed an “overweight” rating and issued a $39.00 target price (up from $37.00) on shares of HollyFrontier Corporation in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $38.00 target price (up from $36.00) on shares of HollyFrontier Corporation in a research report on Wednesday, August 9th. BidaskClub cut shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Howard Weil raised their target price on shares of HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a research report on Thursday, September 28th. Finally, Scotiabank raised shares of HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.59.

HollyFrontier Corporation (NYSE:HFC) opened at $44.05 on Friday. HollyFrontier Corporation has a 12-month low of $23.46 and a 12-month high of $44.86. The stock has a market cap of $7,869.15, a PE ratio of 28.64, a P/E/G ratio of 2.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00.

HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.18%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the company posted $0.42 EPS. HollyFrontier Corporation’s revenue was up 30.6% on a year-over-year basis. equities analysts anticipate that HollyFrontier Corporation will post 2.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a yield of 3.00%. HollyFrontier Corporation’s dividend payout ratio (DPR) is currently 69.47%.

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About HollyFrontier Corporation

HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).

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Institutional Ownership by Quarter for HollyFrontier Corporation (NYSE:HFC)

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