Wedge Capital Management L L P NC Boosts Holdings in HollyFrontier Corporation (HFC)
Wedge Capital Management L L P NC raised its stake in HollyFrontier Corporation (NYSE:HFC) by 28.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,089 shares of the oil and gas company’s stock after acquiring an additional 5,828 shares during the quarter. Wedge Capital Management L L P NC’s holdings in HollyFrontier Corporation were worth $938,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. AT Bancorp acquired a new stake in HollyFrontier Corporation in the 2nd quarter valued at about $104,000. Toronto Dominion Bank boosted its stake in shares of HollyFrontier Corporation by 6.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 235 shares during the last quarter. Ffcm LLC boosted its stake in shares of HollyFrontier Corporation by 2,500.0% in the 2nd 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 last quarter. IFP Advisors Inc boosted its stake in shares of HollyFrontier Corporation by 304.6% in the 2nd 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 last quarter. Finally, GLG Partners LP bought a new position in shares of HollyFrontier Corporation in the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 81.50% of the company’s stock.
HFC has been the topic of several recent research reports. TheStreet raised shares of HollyFrontier Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of HollyFrontier Corporation in a research note on Friday, September 8th. Scotiabank reaffirmed a “buy” rating and issued a $33.00 target price on shares of HollyFrontier Corporation in a research note on Friday, September 8th. BidaskClub raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, Tudor Pickering raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. HollyFrontier Corporation presently has an average rating of “Hold” and a consensus target price of $36.89.
HollyFrontier Corporation (NYSE:HFC) opened at $42.20 on Friday. 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 one year low of $23.46 and a one year high of $42.49. The firm has a market cap of $7,502.20, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21.
HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The business’s revenue was up 30.6% on a year-over-year basis. equities research analysts expect that HollyFrontier Corporation will post 2.08 EPS for the current year.
The business also recently declared 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. This represents a $1.32 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Monday, November 20th. HollyFrontier Corporation’s payout ratio is currently 69.47%.
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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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