HollyFrontier Corporation (NYSE:HFC) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its position in shares of HollyFrontier Corporation (NYSE:HFC) by 27.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 134,697 shares of the oil and gas company’s stock after purchasing an additional 28,609 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.08% of HollyFrontier worth $4,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HFC. AT Bancorp purchased a new stake in HollyFrontier during the second quarter worth $104,000. Toronto Dominion Bank boosted its position in HollyFrontier by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 235 shares in the last quarter. Ffcm LLC lifted its position in shares of HollyFrontier 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 acquiring an additional 4,450 shares in the last quarter. IFP Advisors Inc lifted its position in shares of HollyFrontier 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 acquiring an additional 3,674 shares in the last quarter. Finally, GLG Partners LP purchased a new stake in shares of HollyFrontier in the second quarter valued at $202,000. Institutional investors own 83.31% of the company’s stock.

Several analysts have recently issued reports on the company. Tudor Pickering downgraded HollyFrontier from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Argus upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Monday, November 20th. Piper Jaffray Companies restated a “hold” rating and issued a $38.00 price objective on shares of HollyFrontier in a research report on Friday, November 17th. Barclays upped their price objective on HollyFrontier from $47.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Finally, TheStreet upgraded HollyFrontier from a “c+” rating to a “b” rating in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.59.

In other news, Director Michael Jennings sold 4,500 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $44.50, for a total value of $200,250.00. Following the completion of the sale, the director now owns 49,717 shares in the company, valued at $2,212,406.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.51% of the stock is currently owned by company insiders.

Shares of HollyFrontier Corporation (NYSE:HFC) traded up $0.06 during trading hours on Monday, reaching $44.31. The company’s stock had a trading volume of 3,207,753 shares, compared to its average volume of 2,803,315. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. HollyFrontier Corporation has a 12 month low of $23.46 and a 12 month high of $45.33. The firm has a market capitalization of $7,850.00, a price-to-earnings ratio of 28.55, a PEG ratio of 2.04 and a beta of 1.30.

HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. research analysts predict that HollyFrontier Corporation will post 2.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.98%. HollyFrontier’s dividend payout ratio (DPR) is currently 69.47%.

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HollyFrontier 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).

Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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