Rhumbline Advisers Has $18.68 Million Stake in HollyFrontier Corp (HFC)
Rhumbline Advisers decreased its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 272,984 shares of the oil and gas company’s stock after selling 44,257 shares during the quarter. Rhumbline Advisers’ holdings in HollyFrontier were worth $18,680,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in HFC. Prudential Financial Inc. boosted its holdings in shares of HollyFrontier by 693.4% during the 1st quarter. Prudential Financial Inc. now owns 895,834 shares of the oil and gas company’s stock worth $43,770,000 after buying an additional 782,918 shares during the period. Mackay Shields LLC bought a new stake in shares of HollyFrontier during the 1st quarter worth $38,079,000. Millennium Management LLC boosted its holdings in shares of HollyFrontier by 94.5% during the 1st quarter. Millennium Management LLC now owns 1,552,807 shares of the oil and gas company’s stock worth $75,870,000 after buying an additional 754,562 shares during the period. Cornerstone Wealth Management LLC bought a new stake in shares of HollyFrontier during the 2nd quarter worth $5,213,000. Finally, KBC Group NV boosted its holdings in shares of HollyFrontier by 211.2% during the 2nd quarter. KBC Group NV now owns 510,233 shares of the oil and gas company’s stock worth $34,915,000 after buying an additional 346,290 shares during the period. Institutional investors own 83.31% of the company’s stock.
In other news, Director Leldon E. Echols sold 13,000 shares of the stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $73.35, for a total value of $953,550.00. Following the completion of the transaction, the director now owns 36,725 shares in the company, valued at approximately $2,693,778.75. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO George John Damiris sold 51,771 shares of the stock in a transaction on Monday, June 4th. The shares were sold at an average price of $80.67, for a total transaction of $4,176,366.57. Following the completion of the transaction, the chief executive officer now owns 181,476 shares of the company’s stock, valued at approximately $14,639,668.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,771 shares of company stock valued at $5,696,707. Insiders own 0.57% of the company’s stock.
Shares of HollyFrontier stock opened at $68.64 on Monday. The company has a quick ratio of 1.21, a current ratio of 2.38 and a debt-to-equity ratio of 0.37. HollyFrontier Corp has a fifty-two week low of $27.04 and a fifty-two week high of $83.28. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.29 and a beta of 1.12.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.18). HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company earned $0.66 earnings per share. HollyFrontier’s revenue for the quarter was up 29.3% on a year-over-year basis. equities research analysts expect that HollyFrontier Corp will post 5.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, August 23rd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, August 22nd. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.
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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