Nissay Asset Management Corp Japan ADV raised its position in shares of HollyFrontier Corp (NYSE:HFC) by 2.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 15,150 shares of the oil and gas company’s stock after buying an additional 349 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in HollyFrontier were worth $746,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. BB&T Corp lifted its position in shares of HollyFrontier by 1.0% during the first quarter. BB&T Corp now owns 23,245 shares of the oil and gas company’s stock valued at $1,146,000 after buying an additional 237 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of HollyFrontier by 6.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,487 shares of the oil and gas company’s stock valued at $229,000 after purchasing an additional 260 shares during the last quarter. CSat Investment Advisory L.P. raised its position in shares of HollyFrontier by 126.6% in the 4th quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 295 shares during the last quarter. Hartford Investment Management Co. raised its position in shares of HollyFrontier by 1.0% in the 4th quarter. Hartford Investment Management Co. now owns 31,368 shares of the oil and gas company’s stock valued at $1,604,000 after purchasing an additional 319 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of HollyFrontier by 15.2% in the 1st quarter. Quadrant Capital Group LLC now owns 2,436 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 321 shares during the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. ValuEngine lowered shares of HollyFrontier from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 30th. Morgan Stanley set a $54.00 price objective on shares of HollyFrontier and gave the company a “hold” rating in a research report on Friday. Credit Suisse Group decreased their price objective on shares of HollyFrontier from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Goldman Sachs Group lowered shares of HollyFrontier from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $53.00 to $45.00 in a research report on Tuesday, April 16th. Finally, Bank of America raised shares of HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 price objective for the company in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. HollyFrontier has a consensus rating of “Hold” and a consensus price target of $66.98.

In other HollyFrontier news, Director Michael Jennings sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $55.27, for a total transaction of $497,430.00. Following the completion of the transaction, the director now directly owns 18,899 shares of the company’s stock, valued at approximately $1,044,547.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Franklin Myers purchased 2,900 shares of HollyFrontier stock in a transaction on Thursday, May 9th. The shares were acquired at an average cost of $42.78 per share, with a total value of $124,062.00. Following the completion of the transaction, the director now directly owns 22,489 shares in the company, valued at approximately $962,079.42. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

HFC opened at $43.34 on Tuesday. HollyFrontier Corp has a 12-month low of $42.19 and a 12-month high of $83.28. The company has a quick ratio of 0.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.13.

HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.18. HollyFrontier had a net margin of 6.19% and a return on equity of 16.86%. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the firm posted $0.77 EPS. HollyFrontier’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts expect that HollyFrontier Corp will post 4.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, May 17th. HollyFrontier’s dividend payout ratio is presently 20.50%.

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HollyFrontier Profile

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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