Metropolitan Life Insurance Co. NY lessened its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 69.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,781 shares of the oil and gas company’s stock after selling 116,000 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in HollyFrontier were worth $2,601,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HFC. Raymond James Financial Services Advisors Inc. increased its holdings in HollyFrontier by 52.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 81,599 shares of the oil and gas company’s stock valued at $2,935,000 after purchasing an additional 28,033 shares during the period. Sei Investments Co. increased its holdings in HollyFrontier by 31.1% during the 3rd quarter. Sei Investments Co. now owns 9,908 shares of the oil and gas company’s stock valued at $356,000 after purchasing an additional 2,350 shares during the period. New York State Common Retirement Fund increased its holdings in HollyFrontier by 1.8% during the 3rd quarter. New York State Common Retirement Fund now owns 423,650 shares of the oil and gas company’s stock valued at $15,239,000 after purchasing an additional 7,500 shares during the period. Toronto Dominion Bank increased its holdings in HollyFrontier by 126.3% during the 3rd quarter. Toronto Dominion Bank now owns 9,040 shares of the oil and gas company’s stock valued at $325,000 after purchasing an additional 5,046 shares during the period. Finally, Rhumbline Advisers increased its holdings in HollyFrontier by 0.7% during the 3rd quarter. Rhumbline Advisers now owns 317,799 shares of the oil and gas company’s stock valued at $11,431,000 after purchasing an additional 2,056 shares during the period. Institutional investors own 86.02% of the company’s stock.

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Shares of HollyFrontier Corp (HFC) opened at $48.18 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.01. HollyFrontier Corp has a 12-month low of $23.46 and a 12-month high of $53.21. The company has a market capitalization of $8,696.12, a P/E ratio of 10.66, a PEG ratio of 1.42 and a beta of 1.17.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the firm earned ($0.06) earnings per share. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. research analysts predict that HollyFrontier Corp will post 3.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were given a $0.33 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.74%. HollyFrontier’s dividend payout ratio is currently 29.20%.

In other news, SVP James M. Stump sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total value of $1,536,300.00. Following the sale, the senior vice president now directly owns 41,849 shares of the company’s stock, valued at approximately $2,143,087.29. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.

A number of research analysts have weighed in on HFC shares. Barclays reiterated a “buy” rating and set a $65.00 target price on shares of HollyFrontier in a report on Wednesday, January 10th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Friday, January 19th. ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 target price on shares of HollyFrontier in a report on Tuesday, January 30th. Finally, Deutsche Bank reduced their target price on HollyFrontier from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.94.

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HollyFrontier 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).

Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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