Assenagon Asset Management S.A. decreased its holdings in HollyFrontier Corp (NYSE:HFC) by 65.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,371 shares of the oil and gas company’s stock after selling 188,322 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of HollyFrontier worth $5,029,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in shares of HollyFrontier by 43.8% during the third quarter. AQR Capital Management LLC now owns 9,453,335 shares of the oil and gas company’s stock worth $660,788,000 after purchasing an additional 2,880,492 shares during the period. Janus Henderson Group PLC increased its stake in shares of HollyFrontier by 51.9% during the third quarter. Janus Henderson Group PLC now owns 2,663,824 shares of the oil and gas company’s stock worth $186,201,000 after purchasing an additional 909,900 shares during the period. Bank of New York Mellon Corp increased its stake in shares of HollyFrontier by 6.3% during the third quarter. Bank of New York Mellon Corp now owns 2,552,909 shares of the oil and gas company’s stock worth $178,448,000 after purchasing an additional 152,230 shares during the period. Northern Trust Corp increased its stake in shares of HollyFrontier by 4.2% during the second quarter. Northern Trust Corp now owns 2,459,478 shares of the oil and gas company’s stock worth $168,301,000 after purchasing an additional 98,605 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of HollyFrontier by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 1,135,422 shares of the oil and gas company’s stock worth $79,366,000 after purchasing an additional 67,508 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

A number of equities analysts have recently weighed in on HFC shares. Cowen set a $76.00 target price on HollyFrontier and gave the stock a “hold” rating in a research note on Monday, December 3rd. Piper Jaffray Companies reiterated a “neutral” rating on shares of HollyFrontier in a research note on Thursday, January 10th. US Capital Advisors upgraded HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Jefferies Financial Group upgraded HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 target price on the stock in a research note on Tuesday, October 16th. Finally, ValuEngine upgraded HollyFrontier from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. HollyFrontier has an average rating of “Hold” and an average price target of $74.62.

In related news, Director Robert J. Kostelnik sold 1,500 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $61.62, for a total transaction of $92,430.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Shares of NYSE:HFC opened at $55.06 on Friday. The company has a market cap of $9.42 billion, a P/E ratio of 23.73, a P/E/G ratio of 0.96 and a beta of 1.19. HollyFrontier Corp has a 1 year low of $42.42 and a 1 year high of $83.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.50.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.32. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.42 billion. HollyFrontier had a return on equity of 13.94% and a net margin of 8.51%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. On average, analysts anticipate that HollyFrontier Corp will post 6.18 EPS for the current fiscal year.

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HollyFrontier 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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