Cadence Capital Management LLC lowered its stake in HollyFrontier Corp (NYSE:HFC) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,238 shares of the oil and gas company’s stock after selling 2,918 shares during the period. Cadence Capital Management LLC’s holdings in HollyFrontier were worth $1,241,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sandy Spring Bank acquired a new stake in shares of HollyFrontier in the fourth quarter valued at approximately $114,000. Garrison Financial Corp acquired a new stake in shares of HollyFrontier in the fourth quarter valued at approximately $203,000. Toronto Dominion Bank increased its holdings 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 valued at $110,000 after purchasing an additional 235 shares in the last quarter. Peregrine Asset Advisers Inc. acquired a new stake in shares of HollyFrontier in the fourth quarter valued at approximately $205,000. Finally, Lourd Capital LLC acquired a new stake in shares of HollyFrontier in the fourth quarter valued at approximately $207,000. 84.81% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. Barclays reissued a “buy” rating and issued a $65.00 price target on shares of HollyFrontier in a report on Wednesday, January 10th. Tudor Pickering cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Argus raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, November 20th. Cowen reaffirmed a “market perform” rating and issued a $38.00 price objective (up from $35.00) on shares of HollyFrontier in a research note on Friday, December 8th. Finally, Zacks Investment Research cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $43.33.

In other news, Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total transaction of $200,250.00. Following the transaction, the director now directly owns 49,717 shares of the company’s stock, valued at $2,212,406.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP James M. Stump sold 30,000 shares of HollyFrontier stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,649 shares of company stock worth $3,515,728. Insiders own 0.51% of the company’s stock.

HollyFrontier Corp (NYSE:HFC) opened at $44.50 on Monday. The firm has a market cap of $7,890.00, a price-to-earnings ratio of 23.42, a PEG ratio of 1.23 and a beta of 1.12. HollyFrontier Corp has a 52-week low of $23.46 and a 52-week high of $53.21. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.

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About HollyFrontier

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 (NYSE:HFC)

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