HollyFrontier Corporation (HFC) Position Lifted by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. boosted its holdings in shares of HollyFrontier Corporation (NYSE:HFC) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,300 shares of the oil and gas company’s stock after buying an additional 3,300 shares during the period. Pictet Asset Management Ltd.’s holdings in HollyFrontier Corporation were worth $2,277,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of HFC. Teachers Advisors LLC raised its position in HollyFrontier Corporation by 2.2% during the first quarter. Teachers Advisors LLC now owns 410,968 shares of the oil and gas company’s stock valued at $11,647,000 after buying an additional 9,031 shares during the period. Xact Kapitalforvaltning AB grew its stake in HollyFrontier Corporation by 28.8% in the second quarter. Xact Kapitalforvaltning AB now owns 15,323 shares of the oil and gas company’s stock valued at $421,000 after purchasing an additional 3,424 shares in the last quarter. Capstone Asset Management Co. grew its stake in HollyFrontier Corporation by 5.5% in the second quarter. Capstone Asset Management Co. now owns 24,957 shares of the oil and gas company’s stock valued at $686,000 after purchasing an additional 1,310 shares in the last quarter. Bank of Montreal Can grew its stake in HollyFrontier Corporation by 401.7% in the second quarter. Bank of Montreal Can now owns 539,055 shares of the oil and gas company’s stock valued at $14,808,000 after purchasing an additional 431,599 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. grew its stake in HollyFrontier Corporation by 1,407.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 15,281 shares of the oil and gas company’s stock valued at $420,000 after purchasing an additional 14,267 shares in the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. Macquarie restated an “underperform” rating on shares of HollyFrontier Corporation in a research note on Monday, October 23rd. BidaskClub upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Goldman Sachs Group, Inc. (The) upgraded HollyFrontier Corporation from a “sell” rating to a “neutral” rating and set a $26.00 target price on the stock in a research note on Thursday, November 2nd. Tudor Pickering upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. Finally, TheStreet upgraded HollyFrontier Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. HollyFrontier Corporation currently has an average rating of “Hold” and a consensus target price of $36.89.
HollyFrontier Corporation (NYSE:HFC) opened at $41.85 on Tuesday. HollyFrontier Corporation has a 12-month low of $23.46 and a 12-month high of $42.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. The firm has a market capitalization of $7,454.33, a PE ratio of 27.13, a P/E/G ratio of 2.02 and a beta of 1.21.
HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.25. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’s revenue was up 30.6% compared to the same quarter last year. analysts forecast that HollyFrontier Corporation will post 2.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be given a dividend of $0.33 per share. The ex-dividend date is Monday, November 20th. This represents a $1.32 annualized dividend and a dividend yield of 3.15%. HollyFrontier Corporation’s dividend payout ratio is presently 69.47%.
About HollyFrontier Corporation
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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