HollyFrontier Corp (HFC) CAO Sells $462,660.00 in Stock

HollyFrontier Corp (NYSE:HFC) CAO John W. Gann, Jr. sold 11,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $42.06, for a total value of $462,660.00. Following the completion of the sale, the chief accounting officer now owns 35,705 shares in the company, valued at $1,501,752.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of HollyFrontier Corp (NYSE HFC) opened at $50.91 on Friday. 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 one year low of $23.46 and a one year high of $53.21. The stock has a market capitalization of $9,289.11, a price-to-earnings ratio of 26.79, a P/E/G ratio of 1.58 and a beta of 1.31.

HollyFrontier (NYSE:HFC) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.25. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. research analysts anticipate that HollyFrontier Corp will post 2.35 earnings per share for the current year.

Several analysts have issued reports on HFC shares. Cowen restated a “hold” rating and issued a $30.00 target price on shares of HollyFrontier in a research note on Tuesday, October 17th. Scotiabank upgraded HollyFrontier from an “outperform” rating to a “focus stock” rating and boosted their target price for the company from $33.00 to $39.00 in a research note on Saturday, September 30th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, October 17th. Bank of America lowered HollyFrontier from a “neutral” rating to an “underperform” rating in a research note on Friday, December 8th. Finally, ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $42.71.

Several large investors have recently added to or reduced their stakes in the stock. Oakbrook Investments LLC bought a new stake in shares of HollyFrontier during the 4th quarter valued at $384,000. Acadian Asset Management LLC increased its stake in HollyFrontier by 414.4% in the 4th quarter. Acadian Asset Management LLC now owns 1,266,003 shares of the oil and gas company’s stock worth $64,844,000 after acquiring an additional 1,019,905 shares during the last quarter. Alpha Windward LLC bought a new position in HollyFrontier in the 4th quarter worth about $627,000. Schwab Charles Investment Management Inc. increased its stake in HollyFrontier by 1.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 995,329 shares of the oil and gas company’s stock worth $50,981,000 after acquiring an additional 10,541 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in HollyFrontier by 33.5% in the 4th quarter. Bank of Montreal Can now owns 180,605 shares of the oil and gas company’s stock worth $9,251,000 after acquiring an additional 45,303 shares during the last quarter. Institutional investors own 83.21% of the company’s stock.

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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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