HollyFrontier Corporation (HFC) Shares Sold by Andra AP fonden
Andra AP fonden decreased its position in HollyFrontier Corporation (NYSE:HFC) by 42.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,800 shares of the oil and gas company’s stock after selling 40,000 shares during the quarter. Andra AP fonden’s holdings in HollyFrontier Corporation were worth $1,971,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ARP Americas LLC purchased a new stake in shares of HollyFrontier Corporation during the third quarter worth $637,000. Wright Investors Service Inc. purchased a new stake in shares of HollyFrontier Corporation during the third quarter worth $659,000. Crossmark Global Holdings Inc. purchased a new stake in shares of HollyFrontier Corporation during the third quarter worth $950,000. Raymond James Financial Services Advisors Inc. increased its position in shares of HollyFrontier Corporation by 52.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 81,599 shares of the oil and gas company’s stock worth $2,935,000 after acquiring an additional 28,033 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in shares of HollyFrontier Corporation by 5.5% during the third quarter. Pictet Asset Management Ltd. now owns 63,300 shares of the oil and gas company’s stock worth $2,277,000 after acquiring an additional 3,300 shares during the period. 81.18% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on HFC shares. Zacks Investment Research raised HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, October 17th. BidaskClub lowered HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. J P Morgan Chase & Co lowered HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $33.00 to $34.00 in a research report on Friday, October 6th. Cowen and Company reaffirmed a “hold” rating and set a $30.00 price objective on shares of HollyFrontier Corporation in a research report on Tuesday, October 17th. Finally, Royal Bank Of Canada upped their price objective on HollyFrontier Corporation from $42.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.89.
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HollyFrontier Corporation (NYSE:HFC) opened at $42.05 on Monday. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41. HollyFrontier Corporation has a 12 month low of $23.46 and a 12 month high of $42.50. The stock has a market cap of $7,454.33, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21.
HollyFrontier Corporation (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, beating the consensus estimate of $0.89 by $0.25. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.18%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. HollyFrontier Corporation’s revenue for the quarter was up 30.6% on a year-over-year basis. equities research analysts forecast that HollyFrontier Corporation will post 2.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be paid a $0.33 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.32 annualized dividend and a yield of 3.14%. 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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