Chartwell Investment Partners LLC reduced its holdings in HollyFrontier Corporation (NYSE:HFC) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,920 shares of the oil and gas company’s stock after selling 14,360 shares during the quarter. Chartwell Investment Partners LLC owned 0.11% of HollyFrontier worth $6,759,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of HollyFrontier by 129.6% during 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 purchasing an additional 2,373,560 shares during the last quarter. American Century Companies Inc. grew its position in HollyFrontier by 148.2% during the 3rd quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock worth $57,682,000 after acquiring an additional 957,494 shares during the last quarter. Kempen Capital Management N.V. bought a new position in HollyFrontier during the 2nd quarter worth approximately $24,366,000. Cornerstone Capital Management Holdings LLC. grew its position in HollyFrontier 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 acquiring an additional 884,754 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in HollyFrontier by 1,974.5% during the 2nd quarter. Janus Henderson Group PLC now owns 638,955 shares of the oil and gas company’s stock worth $17,552,000 after acquiring an additional 608,155 shares during the last quarter. Institutional investors and hedge funds own 83.31% of the company’s stock.
HollyFrontier Corporation (NYSE:HFC) traded up $0.22 during mid-day trading on Thursday, reaching $45.32. The company had a trading volume of 3,216,059 shares, compared to its average volume of 2,804,111. The company has a market cap of $8,100.00, a price-to-earnings ratio of 29.61, a PEG ratio of 2.06 and a beta of 1.30. HollyFrontier Corporation has a one year low of $23.46 and a one year high of $46.16. 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 posted its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. equities research analysts predict that HollyFrontier Corporation will post 2.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, November 20th. HollyFrontier’s payout ratio is 69.47%.
In other HollyFrontier news, Director Michael Jennings sold 4,500 shares of HollyFrontier 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 owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.51% of the stock is currently owned by company insiders.
Several equities analysts recently issued reports on the company. Piper Jaffray Companies restated a “hold” rating and set a $38.00 price target on shares of HollyFrontier in a research report on Friday, November 17th. Macquarie reiterated an “underperform” rating on shares of HollyFrontier in a report on Monday, October 23rd. Barclays increased their price objective on HollyFrontier from $47.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. Argus upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Monday, November 20th. Finally, Goldman Sachs Group upgraded HollyFrontier from a “sell” rating to a “neutral” rating and set a $26.00 target price for the company in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. HollyFrontier currently has a consensus rating of “Hold” and an average target price of $39.20.
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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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