Teacher Retirement System of Texas Invests $6.73 Million in HollyFrontier Corporation (HFC)

Teacher Retirement System of Texas acquired a new position in HollyFrontier Corporation (NYSE:HFC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 187,169 shares of the oil and gas company’s stock, valued at approximately $6,732,000. Teacher Retirement System of Texas owned approximately 0.11% of HollyFrontier at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. AT Bancorp purchased a new stake in shares of HollyFrontier during the 2nd quarter valued at about $104,000. Toronto Dominion Bank boosted its holdings in shares of HollyFrontier by 6.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 235 shares during the last quarter. Ffcm LLC boosted its holdings in shares of HollyFrontier by 2,500.0% during the 2nd 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 during the last quarter. IFP Advisors Inc boosted its holdings in shares of HollyFrontier by 304.6% during the 2nd 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 during the last quarter. Finally, GLG Partners LP purchased a new position in shares of HollyFrontier in the second quarter worth approximately $202,000. 83.31% of the stock is currently owned by institutional investors.

In other HollyFrontier news, Director Michael Jennings sold 4,500 shares of the firm’s stock in a transaction on 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 directly owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.51% of the stock is owned by company insiders.

A number of equities analysts recently issued reports on HFC shares. TheStreet raised shares of HollyFrontier from a “c+” rating to a “b” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, October 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $42.00 price objective on shares of HollyFrontier in a research report on Wednesday, October 18th. Scotiabank reiterated a “buy” rating and set a $33.00 price objective on shares of HollyFrontier in a research report on Friday, September 8th. Finally, Tudor Pickering raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a report on Monday, October 9th. 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 stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus target price of $38.59.

HollyFrontier Corporation (HFC) traded up $0.06 on Monday, hitting $44.31. 3,207,753 shares of the stock traded hands, compared to its average volume of 2,803,315. The firm has a market capitalization of $7,850.00, a P/E ratio of 28.55, a P/E/G ratio of 2.04 and a beta of 1.30. HollyFrontier Corporation has a 12-month low of $23.46 and a 12-month high of $45.33. 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 (NYSE:HFC) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 the consensus estimate of $3.24 billion. During the same period in the prior year, the company posted $0.42 EPS. The business’s quarterly revenue was up 30.6% on a year-over-year basis. research analysts expect that HollyFrontier Corporation will post 2.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Monday, November 20th. HollyFrontier’s dividend payout ratio 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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