HollyFrontier Corp (HFC) Shares Sold by Assenagon Asset Management S.A.
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.
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.
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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