Meadow Creek Investment Management LLC raised its position in HollyFrontier Corp (NYSE:HFC) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,856 shares of the oil and gas company’s stock after buying an additional 11,456 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in HollyFrontier were worth $3,475,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Public Employees Retirement Association of Colorado grew its holdings in HollyFrontier by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 36,474 shares of the oil and gas company’s stock valued at $1,868,000 after buying an additional 1,129 shares in the last quarter. Boston Private Wealth LLC grew its holdings in HollyFrontier by 4.2% in the 3rd quarter. Boston Private Wealth LLC now owns 39,822 shares of the oil and gas company’s stock valued at $1,432,000 after buying an additional 1,589 shares in the last quarter. Cadence Capital Management LLC grew its holdings in HollyFrontier by 6.3% in the 3rd quarter. Cadence Capital Management LLC now owns 27,156 shares of the oil and gas company’s stock valued at $977,000 after buying an additional 1,613 shares in the last quarter. Amalgamated Bank grew its holdings in HollyFrontier by 5.9% in the 4th quarter. Amalgamated Bank now owns 35,807 shares of the oil and gas company’s stock valued at $1,834,000 after buying an additional 2,010 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in HollyFrontier by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 317,799 shares of the oil and gas company’s stock valued at $11,431,000 after buying an additional 2,056 shares in the last quarter. 86.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HollyFrontier Corp (NYSE HFC) opened at $46.51 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.01 and a debt-to-equity ratio of 0.42. 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 $8,085.99, a price-to-earnings ratio of 10.29, a P/E/G ratio of 1.27 and a beta of 1.17.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.12). HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the company earned ($0.06) earnings per share. HollyFrontier’s quarterly revenue was up 35.1% compared to the same quarter last year. analysts predict that HollyFrontier Corp will post 3.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.32 annualized dividend and a dividend yield of 2.84%. HollyFrontier’s dividend payout ratio is currently 29.20%.
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. Following the completion of the sale, the senior vice president now directly owns 41,849 shares in the company, valued at approximately $2,143,087.29. The sale was disclosed in a filing with the SEC, which is available through this link. 0.51% of the stock is owned by corporate insiders.
HFC has been the subject of a number of recent analyst reports. Piper Jaffray Companies reiterated a “hold” rating and set a $38.00 target price on shares of HollyFrontier in a research report on Friday, November 17th. Argus upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, November 20th. Tudor Pickering downgraded HollyFrontier from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Zacks Investment Research downgraded HollyFrontier from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Bank of America downgraded HollyFrontier from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. 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 presently has a consensus rating of “Hold” and a consensus target price of $44.20.
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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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