HollyFrontier Corp (HFC) SVP James M. Stump Sells 30,000 Shares of Stock
HollyFrontier Corp (NYSE:HFC) SVP James M. Stump sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $51.21, for a total transaction of $1,536,300.00. Following the completion of the transaction, the senior vice president now owns 41,849 shares of the company’s stock, valued at $2,143,087.29. The sale was disclosed in a legal filing with the SEC, which is available at this link.
HollyFrontier Corp (NYSE HFC) opened at $51.30 on Wednesday. The stock has a market cap of $9,079.93, a P/E ratio of 27.00, a P/E/G ratio of 1.70 and a beta of 1.31. HollyFrontier Corp has a 12-month low of $23.46 and a 12-month high of $52.06. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.
HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. analysts anticipate that HollyFrontier Corp will post 2.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Monday, November 20th. HollyFrontier’s dividend payout ratio is 69.47%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in HollyFrontier by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock worth $435,236,000 after purchasing an additional 260,132 shares in the last quarter. State Street Corp increased its position in HollyFrontier by 3.9% during the 2nd quarter. State Street Corp now owns 8,194,765 shares of the oil and gas company’s stock worth $225,091,000 after purchasing an additional 311,196 shares in the last quarter. Dimensional Fund Advisors LP increased its position in HollyFrontier by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,412,302 shares of the oil and gas company’s stock worth $148,687,000 after purchasing an additional 116,502 shares in the last quarter. Schroder Investment Management Group increased its position in HollyFrontier by 8.0% during the 3rd quarter. Schroder Investment Management Group now owns 3,889,796 shares of the oil and gas company’s stock worth $139,994,000 after purchasing an additional 288,191 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in HollyFrontier by 8.7% during the 2nd quarter. Alliancebernstein L.P. now owns 3,776,442 shares of the oil and gas company’s stock worth $103,739,000 after purchasing an additional 300,657 shares in the last quarter. Institutional investors and hedge funds own 83.21% of the company’s stock.
Several equities analysts have recently commented on HFC shares. Cowen restated a “hold” rating and issued a $30.00 target price on shares of HollyFrontier in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, October 17th. JPMorgan Chase & Co. cut shares of HollyFrontier from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $33.00 to $34.00 in a research report on Friday, October 6th. Royal Bank of Canada boosted their target price on shares of HollyFrontier from $42.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $38.00 target price on shares of HollyFrontier in a research report on Friday, November 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.67.
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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