Louisiana State Employees Retirement System Has $2.30 Million Position in HollyFrontier Corp (HFC)

Louisiana State Employees Retirement System cut its stake in HollyFrontier Corp (NYSE:HFC) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,900 shares of the oil and gas company’s stock after selling 2,400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in HollyFrontier were worth $2,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in HollyFrontier by 1.7% in the second quarter. Vanguard Group Inc. now owns 15,844,018 shares of the oil and gas company’s stock worth $435,236,000 after buying an additional 260,132 shares during the last quarter. State Street Corp lifted its position in HollyFrontier by 3.9% in the second quarter. State Street Corp now owns 8,194,765 shares of the oil and gas company’s stock worth $225,091,000 after buying an additional 311,196 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in HollyFrontier by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,412,302 shares of the oil and gas company’s stock worth $148,687,000 after buying an additional 116,502 shares during the last quarter. Schroder Investment Management Group lifted its position in HollyFrontier by 8.0% in the third quarter. Schroder Investment Management Group now owns 3,889,796 shares of the oil and gas company’s stock worth $139,994,000 after buying an additional 288,191 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in HollyFrontier by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 2,790,255 shares of the oil and gas company’s stock worth $100,365,000 after buying an additional 29,767 shares during the last quarter. Institutional investors own 83.21% of the company’s stock.

HFC has been the subject of a number of analyst reports. Howard Weil raised their price target on HollyFrontier from $33.00 to $39.00 and gave the stock a “focus list” rating in a research report on Thursday, September 28th. Scotiabank upgraded HollyFrontier from an “outperform” rating to a “focus stock” rating and increased their target price for the stock from $33.00 to $39.00 in a research note on Saturday, September 30th. JPMorgan Chase & Co. lowered HollyFrontier from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $33.00 to $34.00 in a research note on Friday, October 6th. Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. Finally, Barclays reiterated an “overweight” rating and issued a $40.00 target price (up previously from $39.00) on shares of HollyFrontier in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.71.

HollyFrontier Corp (HFC) opened at $52.40 on Thursday. The company has a market capitalization of $9,262.52, a price-to-earnings ratio of 27.58, a PEG ratio of 1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.00. HollyFrontier Corp has a 52 week low of $23.46 and a 52 week high of $53.21.

HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion for 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 business’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share. analysts forecast that HollyFrontier Corp will post 2.35 EPS for the current year.

In other news, Director James H. Lee sold 5,149 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total transaction of $242,878.33. Following the transaction, the director now owns 52,240 shares in the company, valued at $2,464,160.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Jennings sold 4,500 shares of the firm’s 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 transaction, the director now owns 49,717 shares in the company, valued at approximately $2,212,406.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,649 shares of company stock worth $4,062,308. Insiders own 0.51% of the company’s stock.

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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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