KBC Group NV Raises Holdings in HollyFrontier Corp (HFC)

KBC Group NV boosted its holdings in HollyFrontier Corp (NYSE:HFC) by 693.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,936 shares of the oil and gas company’s stock after acquiring an additional 275,253 shares during the quarter. KBC Group NV owned about 0.18% of HollyFrontier worth $16,131,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sandy Spring Bank bought a new stake in HollyFrontier in the fourth quarter worth about $114,000. Garrison Financial Corp bought a new stake in HollyFrontier in the fourth quarter worth about $203,000. Toronto Dominion Bank raised its position in HollyFrontier by 6.3% in the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 235 shares in the last quarter. Peregrine Asset Advisers Inc. bought a new stake in HollyFrontier in the fourth quarter worth about $205,000. Finally, Lourd Capital LLC bought a new stake in HollyFrontier in the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 84.51% of the company’s stock.

HollyFrontier Corp (HFC) opened at $44.73 on Tuesday. The firm has a market capitalization of $7,888.65, a PE ratio of 28.71, a P/E/G ratio of 1.23 and a beta of 1.12. HollyFrontier Corp has a 12 month low of $23.46 and a 12 month high of $53.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98.

In other HollyFrontier news, SVP James M. Stump sold 30,000 shares of HollyFrontier stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Jennings sold 4,500 shares of HollyFrontier stock in a transaction dated 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 directly owns 49,717 shares in the company, valued at approximately $2,212,406.50. The disclosure for this sale can be found here. Insiders sold a total of 69,649 shares of company stock worth $3,515,728 in the last three months. 0.51% of the stock is currently owned by company insiders.

Several brokerages have commented on HFC. Barclays reiterated a “buy” rating and issued a $65.00 price target on shares of HollyFrontier in a research report on Wednesday, January 10th. Tudor Pickering cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Argus upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Monday, November 20th. Cowen reissued a “market perform” rating and issued a $38.00 price target (up previously from $35.00) on shares of HollyFrontier in a research note on Friday, December 8th. Finally, Zacks Investment Research cut HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $43.33.

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About HollyFrontier

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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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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