James Investment Research Inc. bought a new position in HollyFrontier Corp (NYSE:HFC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 355,565 shares of the oil and gas company’s stock, valued at approximately $18,212,000. James Investment Research Inc. owned about 0.20% of HollyFrontier as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in shares of HollyFrontier by 6.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 235 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in HollyFrontier during the 3rd quarter worth approximately $163,000. GLG Partners LP bought a new position in shares of HollyFrontier during the 2nd quarter worth approximately $202,000. ZWJ Investment Counsel Inc. bought a new position in shares of HollyFrontier during the 3rd quarter worth approximately $216,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of HollyFrontier during the 3rd quarter worth approximately $220,000. 84.51% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP James M. Stump sold 30,000 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jennings sold 4,500 shares of the company’s stock in a transaction 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 sale, the director now owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,649 shares of company stock valued at $3,515,728. Corporate insiders own 0.51% of the company’s stock.
Shares of HollyFrontier Corp (NYSE:HFC) traded up $1.52 on Wednesday, reaching $46.78. The company’s stock had a trading volume of 1,866,219 shares, compared to its average volume of 2,520,000. The firm has a market capitalization of $8,290.00, a price-to-earnings ratio of 24.62, a PEG ratio of 1.24 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 quick ratio of 0.98 and a current ratio of 2.00.
Several brokerages have recently weighed in on HFC. Piper Jaffray Companies reaffirmed a “hold” rating and set a $38.00 price target on shares of HollyFrontier in a research note on Friday, November 17th. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a report on Tuesday. Macquarie reaffirmed an “underperform” rating on shares of HollyFrontier in a report on Monday, October 23rd. Barclays raised their price target on HollyFrontier from $47.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. Finally, Argus raised HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.93.
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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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