CIBC Asset Management Inc boosted its position in HollyFrontier Corp (NYSE:HFC) by 15.4% during the first quarter, Holdings Channel reports. The institutional investor owned 23,948 shares of the oil and gas company’s stock after acquiring an additional 3,189 shares during the quarter. CIBC Asset Management Inc’s holdings in HollyFrontier were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. CSat Investment Advisory L.P. grew its position in HollyFrontier by 126.6% in the 4th quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 295 shares during the last quarter. We Are One Seven LLC acquired a new stake in HollyFrontier in the 4th quarter worth $37,000. Quantamental Technologies LLC acquired a new stake in HollyFrontier in the 1st quarter worth $40,000. Clarus Wealth Advisors acquired a new stake in HollyFrontier in the 1st quarter worth $43,000. Finally, Pinnacle Financial Partners Inc. acquired a new stake in HollyFrontier in the 1st quarter worth $49,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

In related news, Director Michael Jennings sold 9,000 shares of HollyFrontier stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $55.27, for a total transaction of $497,430.00. Following the completion of the transaction, the director now directly owns 18,899 shares of the company’s stock, valued at approximately $1,044,547.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers purchased 2,900 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average cost of $42.78 per share, with a total value of $124,062.00. Following the completion of the acquisition, the director now directly owns 22,489 shares in the company, valued at $962,079.42. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Several analysts have issued reports on the stock. Jefferies Financial Group restated a “hold” rating and issued a $49.00 price target on shares of HollyFrontier in a research report on Tuesday, January 29th. Zacks Investment Research upgraded shares of HollyFrontier from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Morgan Stanley set a $54.00 price target on shares of HollyFrontier and gave the stock a “hold” rating in a research report on Friday, May 17th. Bank of America upgraded shares of HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 price target on the stock in a research report on Monday, April 29th. Finally, Credit Suisse Group decreased their price target on shares of HollyFrontier from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $66.98.

NYSE:HFC opened at $42.70 on Thursday. The stock has a market cap of $7.54 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.95 and a beta of 1.13. HollyFrontier Corp has a 52 week low of $42.19 and a 52 week high of $83.28. The company has a quick ratio of 0.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.69 billion. HollyFrontier had a net margin of 6.19% and a return on equity of 16.86%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. On average, equities research analysts expect that HollyFrontier Corp will post 4.55 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Monday, May 20th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.09%. The ex-dividend date is Friday, May 17th. HollyFrontier’s dividend payout ratio is currently 20.50%.

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HollyFrontier Company Profile

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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