Trust Co decreased its stake in HollyFrontier Corp (NYSE:HFC) by 52.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,427 shares of the oil and gas company’s stock after selling 8,193 shares during the period. Trust Co’s holdings in HollyFrontier were worth $267,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. raised its stake in HollyFrontier by 148.2% during the third quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock valued at $57,682,000 after buying an additional 957,494 shares in the last quarter. Kempen Capital Management N.V. acquired a new stake in HollyFrontier during the second quarter valued at approximately $24,366,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of HollyFrontier by 741.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company’s stock worth $27,582,000 after purchasing an additional 884,754 shares during the period. Janus Henderson Group PLC raised its position in shares of HollyFrontier by 1,974.5% during the 2nd quarter. Janus Henderson Group PLC now owns 638,955 shares of the oil and gas company’s stock worth $17,552,000 after purchasing an additional 608,155 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in shares of HollyFrontier during the 3rd quarter worth approximately $19,967,000. 84.31% of the stock is owned by hedge funds and other institutional investors.
Shares of HollyFrontier Corp (NYSE HFC) opened at $46.40 on Friday. HollyFrontier Corp has a 1 year low of $23.46 and a 1 year high of $53.21. The firm has a market capitalization of $8,230.00, a PE ratio of 24.42, a P/E/G ratio of 1.32 and a beta of 1.12. 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 (NYSE:HFC) last released 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. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. analysts anticipate that HollyFrontier Corp will post 2.41 EPS for the current year.
In other HollyFrontier news, Director James H. Lee sold 5,149 shares of HollyFrontier stock in a transaction that occurred 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 sale, the director now directly owns 52,240 shares of the company’s stock, valued at $2,464,160.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James M. Stump sold 30,000 shares of HollyFrontier stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $51.21, for a total value of $1,536,300.00. The disclosure for this sale can be found here. Insiders have sold 82,649 shares of company stock worth $4,062,308 over the last ninety days. Company insiders own 0.51% of the company’s stock.
A number of analysts have recently weighed in on the company. Piper Jaffray Companies reiterated a “hold” rating and set a $38.00 price target on shares of HollyFrontier in a research report on Friday, November 17th. Macquarie restated an “underperform” rating on shares of HollyFrontier in a research report on Monday, October 23rd. Barclays increased their price target on HollyFrontier from $47.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. Argus raised 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. Finally, Goldman Sachs Group raised HollyFrontier from a “sell” rating to a “neutral” rating and set a $26.00 price objective for the company in a research note on Thursday, November 2nd. Three investment 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’s stock. HollyFrontier currently has an average rating of “Hold” and a consensus price target of $43.33.
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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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