BlueCrest Capital Management Ltd Buys New Position in HollyFrontier Corporation (HFC)
BlueCrest Capital Management Ltd bought a new stake in shares of HollyFrontier Corporation (NYSE:HFC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,930 shares of the oil and gas company’s stock, valued at approximately $493,000.
A number of other large investors have also added to or reduced their stakes in HFC. Wedbush Securities Inc. lifted its holdings in shares of HollyFrontier Corporation by 0.7% during the 2nd quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock valued at $299,000 after buying an additional 71 shares during the last quarter. Utah Retirement Systems lifted its holdings in shares of HollyFrontier Corporation by 0.3% during the 1st quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock valued at $838,000 after buying an additional 100 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of HollyFrontier Corporation by 1.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 100 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of HollyFrontier Corporation by 1.1% during the 2nd quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 173 shares during the last quarter. Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of HollyFrontier Corporation during the 2nd quarter valued at about $204,000. 82.25% of the stock is currently owned by institutional investors.
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HollyFrontier Corporation (NYSE:HFC) opened at 36.09 on Tuesday. HollyFrontier Corporation has a one year low of $22.63 and a one year high of $37.00. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 45.80 and a beta of 1.23. The stock’s 50 day moving average price is $34.00 and its 200-day moving average price is $28.95.
HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the firm posted $0.28 earnings per share. The business’s revenue was up 27.4% on a year-over-year basis. On average, equities research analysts expect that HollyFrontier Corporation will post $1.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.66%. HollyFrontier Corporation’s payout ratio is 167.09%.
Several brokerages have recently issued reports on HFC. Barclays PLC reiterated an “overweight” rating and set a $39.00 price target (up from $37.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $38.00 price target (up from $36.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. BidaskClub lowered HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Howard Weil lifted their price target on HollyFrontier Corporation from $33.00 to $39.00 and gave the company a “focus list” rating in a report on Thursday, September 28th. Finally, Scotiabank upgraded HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.15.
HollyFrontier Corporation Profile
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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