Dupont Capital Management Corp Invests $665,000 in HollyFrontier Corporation (HFC) Stock
Dupont Capital Management Corp bought a new stake in shares of HollyFrontier Corporation (NYSE:HFC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,500 shares of the oil and gas company’s stock, valued at approximately $665,000.
Other hedge funds have also made changes to their positions in the company. AT Bancorp purchased a new stake in HollyFrontier Corporation during the second quarter valued at approximately $104,000. Toronto Dominion Bank increased its holdings in HollyFrontier Corporation by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 235 shares during the last quarter. Ffcm LLC increased its holdings in HollyFrontier Corporation by 2,500.0% during the second quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 4,450 shares during the last quarter. IFP Advisors Inc increased its holdings in HollyFrontier Corporation by 304.6% during the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 3,674 shares during the last quarter. Finally, GLG Partners LP purchased a new stake in HollyFrontier Corporation during the second quarter valued at approximately $202,000. 81.50% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. Barclays PLC assumed coverage on shares of HollyFrontier Corporation in a research note on Thursday, November 2nd. They issued an “overweight” rating and a $47.00 price objective for the company. TheStreet raised shares of HollyFrontier Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, November 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $38.00 price objective (up from $36.00) on shares of HollyFrontier Corporation in a research note on Wednesday, August 9th. BidaskClub cut shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) raised shares of HollyFrontier Corporation from a “sell” rating to a “neutral” rating and set a $26.00 price objective for the company in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. HollyFrontier Corporation presently has a consensus rating of “Hold” and an average price target of $36.89.
HollyFrontier Corporation (NYSE HFC) opened at $42.05 on Friday. HollyFrontier Corporation has a 12-month low of $23.46 and a 12-month high of $42.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. The firm has a market cap of $7,454.33, a price-to-earnings ratio of 27.13, a P/E/G ratio of 2.02 and a beta of 1.21.
HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.25. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.18%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the business earned $0.42 earnings per share. HollyFrontier Corporation’s quarterly revenue was up 30.6% compared to the same quarter last year. analysts expect that HollyFrontier Corporation will post 2.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders 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 annualized dividend and a yield of 3.14%. HollyFrontier Corporation’s dividend payout ratio (DPR) is currently 69.47%.
HollyFrontier Corporation Company 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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