HollyFrontier Corporation (HFC) Shares Sold by Clinton Group Inc.
Clinton Group Inc. decreased its stake in HollyFrontier Corporation (NYSE:HFC) by 73.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,258 shares of the oil and gas company’s stock after selling 48,172 shares during the quarter. Clinton Group Inc.’s holdings in HollyFrontier Corporation were worth $474,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in HFC. AT Bancorp acquired a new stake in shares of HollyFrontier Corporation in the second quarter valued at about $104,000. Ffcm LLC grew its position in shares of HollyFrontier Corporation by 2,500.0% in the second quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 4,450 shares during the period. IFP Advisors Inc grew its position in shares of HollyFrontier Corporation by 304.6% in the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 3,674 shares during the period. Van ECK Associates Corp grew its position in shares of HollyFrontier Corporation by 18.1% in the first quarter. Van ECK Associates Corp now owns 7,001 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 1,073 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of HollyFrontier Corporation in the second quarter valued at about $204,000. Institutional investors and hedge funds own 82.47% of the company’s stock.
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Several brokerages have recently issued reports on HFC. Scotiabank set a $29.00 target price on shares of HollyFrontier Corporation and gave the company a “hold” rating in a research report on Monday, June 26th. BidaskClub upgraded shares of HollyFrontier Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Simmons reissued a “neutral” rating and issued a $25.00 price target (down from $27.00) on shares of HollyFrontier Corporation in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $38.00 price target (up from $36.00) on shares of HollyFrontier Corporation in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $34.05.
Shares of HollyFrontier Corporation (NYSE HFC) opened at 35.42 on Friday. The stock has a 50 day moving average of $32.68 and a 200-day moving average of $28.60. The stock has a market capitalization of $6.21 billion, a P/E ratio of 44.95 and a beta of 1.23. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $37.00.
HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.20. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The company’s revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. Equities research analysts predict that HollyFrontier Corporation will post $1.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.32 annualized dividend and a dividend yield of 3.73%. HollyFrontier Corporation’s payout ratio is currently 167.09%.
HollyFrontier Corporation 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).
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