HollyFrontier Corp (NYSE:HFC) SVP James M. Stump sold 30,000 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. Following the completion of the sale, the senior vice president now owns 41,849 shares in the company, valued at $2,143,087.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of HollyFrontier Corp (NYSE:HFC) opened at $51.28 on Thursday. HollyFrontier Corp has a twelve month low of $23.46 and a twelve month high of $52.07. The stock has a market cap of $9,090.00, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.70 and a beta of 1.30. 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 quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. analysts anticipate that HollyFrontier Corp will post 2.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.57%. The ex-dividend date was Monday, November 20th. HollyFrontier’s payout ratio is 69.47%.
HFC has been the topic of several analyst reports. Barclays reiterated a “buy” rating and set a $65.00 price target on shares of HollyFrontier in a report on Wednesday. Tudor Pickering downgraded shares of HollyFrontier from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Argus raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Monday, November 20th. Cowen reissued a “market perform” rating and issued a $38.00 price objective (up from $35.00) on shares of HollyFrontier in a research report on Friday, December 8th. Finally, Zacks Investment Research cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $42.71.
A number of institutional investors and hedge funds have recently bought and sold shares of HFC. Russell Investments Group Ltd. lifted its holdings in HollyFrontier by 15.6% during the second quarter. Russell Investments Group Ltd. now owns 77,152 shares of the oil and gas company’s stock valued at $2,120,000 after purchasing an additional 10,423 shares in the last quarter. Sei Investments Co. lifted its stake in shares of HollyFrontier by 12.5% in the second quarter. Sei Investments Co. now owns 7,558 shares of the oil and gas company’s stock worth $208,000 after buying an additional 839 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of HollyFrontier by 17.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 924,264 shares of the oil and gas company’s stock worth $25,390,000 after buying an additional 135,085 shares in the last quarter. GAM Holding AG lifted its stake in shares of HollyFrontier by 64.2% in the second quarter. GAM Holding AG now owns 13,622 shares of the oil and gas company’s stock worth $374,000 after buying an additional 5,326 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of HollyFrontier by 8.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 60,853 shares of the oil and gas company’s stock worth $1,672,000 after buying an additional 4,711 shares in the last quarter. 83.21% of the stock is currently owned by institutional investors and hedge funds.
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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).
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