HollyFrontier Corp (NYSE:HFC) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of HollyFrontier Corp (NYSE:HFC) by 82.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,613 shares of the oil and gas company’s stock after selling 116,819 shares during the quarter. Stifel Financial Corp’s holdings in HollyFrontier were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in HollyFrontier by 2.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 507,510 shares of the oil and gas company’s stock worth $13,941,000 after purchasing an additional 12,343 shares in the last quarter. Schroder Investment Management Group grew its holdings in HollyFrontier by 5.4% in the 2nd quarter. Schroder Investment Management Group now owns 3,601,605 shares of the oil and gas company’s stock valued at $100,845,000 after buying an additional 184,984 shares during the period. Bank of Nova Scotia grew its holdings in HollyFrontier by 233.7% in the 2nd quarter. Bank of Nova Scotia now owns 717,500 shares of the oil and gas company’s stock valued at $19,710,000 after buying an additional 502,500 shares during the period. Vanguard Group Inc. grew its holdings in HollyFrontier by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock valued at $435,236,000 after buying an additional 260,132 shares during the period. Finally, Breton Hill Capital Ltd. purchased a new stake in HollyFrontier in the 3rd quarter valued at about $912,000. Hedge funds and other institutional investors own 83.21% of the company’s stock.

In related news, SVP James M. Stump sold 30,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 41,849 shares of the company’s stock, valued at approximately $2,143,087.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jennings sold 4,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 49,717 shares in the company, valued at $2,212,406.50. The disclosure for this sale can be found here. Insiders have sold a total of 69,649 shares of company stock worth $3,515,728 over the last three months. 0.51% of the stock is currently owned by corporate insiders.

Several analysts have commented on HFC shares. Argus upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday, November 20th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, October 17th. Barclays restated an “overweight” rating and issued a $40.00 price target (up previously from $39.00) on shares of HollyFrontier in a report on Tuesday, October 10th. Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Monday, October 9th. Finally, ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $42.71.

Shares of HollyFrontier Corp (NYSE:HFC) opened at $51.50 on Friday. 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 Corp has a fifty-two week low of $23.46 and a fifty-two week high of $52.07. The stock has a market capitalization of $9,130.00, a PE ratio of 27.11, a PEG ratio of 1.70 and a beta of 1.30.

HollyFrontier (NYSE:HFC) last issued its 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 business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. research analysts expect that HollyFrontier Corp will post 2.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Monday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is presently 69.47%.

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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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