MERIAN GLOBAL INVESTORS UK Ltd raised its position in HollyFrontier Corp (NYSE:HFC) by 149.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,399 shares of the oil and gas company’s stock after buying an additional 22,399 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in HollyFrontier were worth $2,614,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HFC. Premia Global Advisors LLC purchased a new stake in HollyFrontier in the second quarter valued at approximately $101,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in HollyFrontier by 375.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 1,500 shares during the last quarter. Mainstay Capital Management LLC ADV purchased a new stake in HollyFrontier in the second quarter valued at approximately $137,000. Transamerica Financial Advisors Inc. purchased a new stake in HollyFrontier in the second quarter valued at approximately $145,000. Finally, First Hawaiian Bank purchased a new stake in HollyFrontier in the third quarter valued at approximately $147,000. Institutional investors own 87.95% of the company’s stock.
HollyFrontier stock opened at $63.17 on Friday. HollyFrontier Corp has a 12 month low of $35.62 and a 12 month high of $83.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 1.21. The company has a market cap of $11.13 billion, a PE ratio of 15.56, a P/E/G ratio of 1.21 and a beta of 1.16.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.18). HollyFrontier had a return on equity of 12.10% and a net margin of 8.62%. The company had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the company earned $0.66 EPS. HollyFrontier’s revenue for the quarter was up 29.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that HollyFrontier Corp will post 5.27 EPS for the current fiscal year.
A number of brokerages have weighed in on HFC. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, July 19th. ValuEngine cut HollyFrontier from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Mizuho began coverage on HollyFrontier in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $75.00 price objective for the company. Morgan Stanley boosted their price objective on HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, July 16th. Finally, US Capital Advisors cut HollyFrontier from an “overweight” rating to a “hold” rating in a research note on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. HollyFrontier currently has a consensus rating of “Hold” and a consensus target price of $65.00.
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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