Meadow Creek Investment Management LLC lifted its holdings in shares of HollyFrontier (NYSE:HFC) by 20.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,856 shares of the oil and gas company’s stock after buying an additional 11,456 shares during the period. 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 added to or reduced their stakes in the stock. SNS Financial Group LLC purchased a new position in HollyFrontier during the fourth quarter worth $220,000. Magnetar Financial LLC acquired a new stake in shares of HollyFrontier during the third quarter worth $797,000. Wells Fargo & Company MN boosted its holdings in shares of HollyFrontier by 32.2% during the third quarter. Wells Fargo & Company MN now owns 657,219 shares of the oil and gas company’s stock worth $23,640,000 after purchasing an additional 160,132 shares during the last quarter. Oakbrook Investments LLC acquired a new position in HollyFrontier in the fourth quarter valued at $384,000. Finally, Capital Analysts LLC boosted its holdings in HollyFrontier by 43,903.6% in the fourth quarter. Capital Analysts LLC now owns 24,202 shares of the oil and gas company’s stock valued at $1,110,000 after acquiring an additional 24,147 shares during the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.
HFC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a report on Wednesday, December 13th. Howard Weil cut HollyFrontier from a “focus list” rating to an “outperform” rating in a research note on Friday, December 22nd. ValuEngine upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Credit Suisse Group began coverage on HollyFrontier in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 price objective on the stock. Finally, Barclays reaffirmed a “buy” rating and set a $65.00 target price on shares of HollyFrontier in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $45.13.
Shares of NYSE HFC traded down $0.23 during midday trading on Friday, hitting $52.26. 2,514,007 shares of the company’s stock were exchanged, compared to its average volume of 1,894,852. The company has a current ratio of 2.15, a quick ratio of 1.01 and a debt-to-equity ratio of 0.42. The company has a market cap of $9,268.99, a PE ratio of 22.53, a P/E/G ratio of 1.50 and a beta of 1.09. HollyFrontier has a twelve month low of $23.46 and a twelve month high of $53.21.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.12). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.85 billion. HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. sell-side analysts forecast that HollyFrontier will post 3.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were given a $0.33 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a yield of 2.53%. HollyFrontier’s dividend payout ratio (DPR) is 56.90%.
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HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.
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