Icon Advisers Inc. Co. Has $6.76 Million Position in HollyFrontier Corporation (NYSE:HFC)

Icon Advisers Inc. Co. reduced its holdings in HollyFrontier Corporation (NYSE:HFC) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,900 shares of the oil and gas company’s stock after selling 12,100 shares during the quarter. Icon Advisers Inc. Co. owned approximately 0.11% of HollyFrontier worth $6,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of HollyFrontier during the 2nd quarter valued at $204,000. AT Bancorp bought a new stake in shares of HollyFrontier in the 2nd quarter valued at $104,000. Toronto Dominion Bank increased its position in shares of HollyFrontier 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 buying an additional 235 shares in the last quarter. Ffcm LLC increased its position in shares of HollyFrontier 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 buying an additional 4,450 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of HollyFrontier 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 buying an additional 3,674 shares in the last quarter. 83.31% of the stock is currently owned by institutional investors and hedge funds.

In other HollyFrontier news, Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction on Thursday, November 30th. The shares were 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 $2,212,406.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.51% of the company’s stock.

Shares of HollyFrontier Corporation (NYSE HFC) traded up $0.22 on Thursday, hitting $45.32. 3,216,059 shares of the stock traded hands, compared to its average volume of 2,804,111. HollyFrontier Corporation has a 12 month low of $23.46 and a 12 month high of $46.16. The company has a market capitalization of $8,100.00, a PE ratio of 29.61, a PEG ratio of 2.06 and a beta of 1.30. 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 (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 analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the firm earned $0.42 earnings per share. HollyFrontier’s quarterly revenue was up 30.6% on a year-over-year basis. sell-side analysts forecast that HollyFrontier Corporation will post 2.23 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 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is currently 69.47%.

A number of research firms recently commented on HFC. Zacks Investment Research cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of HollyFrontier in a research note on Friday, September 8th. Tudor Pickering lowered shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Barclays began coverage on shares of HollyFrontier in a research note on Thursday, November 2nd. They set an “overweight” rating and a $47.00 price objective for the company. Finally, Argus upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Monday, November 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.20.

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HollyFrontier Company 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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