PGGM Investments trimmed its position in HollyFrontier Corporation (NYSE:HFC) by 79.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,732 shares of the oil and gas company’s stock after selling 88,507 shares during the period. PGGM Investments’ holdings in HollyFrontier Corporation were worth $818,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in HFC. Principal Financial Group Inc. grew its stake in shares of HollyFrontier Corporation by 129.6% in the 2nd quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock valued at $115,495,000 after buying an additional 2,373,560 shares during the period. Kempen Capital Management N.V. bought a new position in shares of HollyFrontier Corporation during the 2nd quarter worth approximately $24,366,000. Cornerstone Capital Management Holdings LLC. lifted its position in shares of HollyFrontier Corporation by 741.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company’s stock worth $27,582,000 after buying an additional 884,754 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of HollyFrontier Corporation in the 2nd quarter worth approximately $17,749,000. Finally, Vanguard Group Inc. raised its holdings in shares of HollyFrontier Corporation by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 15,583,886 shares of the oil and gas company’s stock worth $441,649,000 after purchasing an additional 634,370 shares during the period. 81.50% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 price objective on shares of HollyFrontier Corporation in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, October 17th. Tudor Pickering upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. Barclays PLC reissued an “overweight” rating and issued a $40.00 price target (up from $39.00) on shares of HollyFrontier Corporation in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co downgraded shares of HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $33.00 to $34.00 in a research note on Friday, October 6th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.89.
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HollyFrontier Corporation (NYSE HFC) traded down $0.15 during trading hours on Friday, hitting $42.05. 2,245,300 shares of the stock were exchanged, compared to its average volume of 2,815,941. The stock has a market capitalization of $7,430.00, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. HollyFrontier Corporation has a 1 year low of $23.46 and a 1 year high of $42.50. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.
HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data 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. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier Corporation had a net margin of 2.55% and a return on equity of 5.18%. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. sell-side analysts forecast that HollyFrontier Corporation will post 2.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be given a dividend of $0.33 per share. The ex-dividend date is Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a yield of 3.14%. HollyFrontier Corporation’s dividend payout ratio (DPR) is 69.47%.
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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