Buckhead Capital Management LLC Has $2.44 Million Stake in HollyFrontier Corp (HFC)
Buckhead Capital Management LLC trimmed its position in HollyFrontier Corp (NYSE:HFC) by 31.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 47,673 shares of the oil and gas company’s stock after selling 21,417 shares during the period. Buckhead Capital Management LLC’s holdings in HollyFrontier were worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank lifted its stake in shares of HollyFrontier by 6.3% in the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after buying an additional 235 shares during the last quarter. Sandy Spring Bank acquired a new stake in shares of HollyFrontier in the fourth quarter worth $114,000. FNY Managed Accounts LLC acquired a new stake in shares of HollyFrontier in the third quarter worth $163,000. Garrison Financial Corp acquired a new stake in shares of HollyFrontier in the fourth quarter worth $203,000. Finally, Peregrine Asset Advisers Inc. acquired a new stake in shares of HollyFrontier in the fourth quarter worth $205,000. Institutional investors and hedge funds own 84.81% of the company’s stock.
A number of brokerages recently issued reports on HFC. ValuEngine raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Royal Bank of Canada reaffirmed a “buy” rating and set a $58.00 target price on shares of HollyFrontier in a research report on Tuesday, January 30th. Cowen reaffirmed a “hold” rating and set a $30.00 target price on shares of HollyFrontier in a research report on Tuesday, October 17th. Finally, Barclays reaffirmed a “buy” rating and set a $65.00 target price on shares of HollyFrontier in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. HollyFrontier currently has a consensus rating of “Hold” and an average target price of $43.33.
In other HollyFrontier news, Director Michael Jennings sold 4,500 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total value of $200,250.00. Following the sale, the director now owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Lee sold 5,149 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total transaction of $242,878.33. Following the completion of the sale, the director now directly owns 52,240 shares in the company, valued at approximately $2,464,160.80. The disclosure for this sale can be found here. Insiders sold a total of 69,649 shares of company stock worth $3,515,728 in the last three months. Insiders own 0.51% of the company’s stock.
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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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