First Hawaiian Bank bought a new stake in shares of HollyFrontier Corp (NYSE:HFC) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,107 shares of the oil and gas company’s stock, valued at approximately $147,000.
Other large investors also recently added to or reduced their stakes in the company. Premia Global Advisors LLC acquired a new position in HollyFrontier during the 2nd quarter valued at $101,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in HollyFrontier by 375.0% in the 2nd 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 period. Mainstay Capital Management LLC ADV bought a new stake in HollyFrontier in the 2nd quarter valued at $137,000. Transamerica Financial Advisors Inc. bought a new stake in HollyFrontier in the 2nd quarter valued at $145,000. Finally, IMA Wealth Inc. bought a new stake in HollyFrontier in the 2nd quarter valued at $149,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.
HFC opened at $66.49 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.21 and a current ratio of 2.38. HollyFrontier Corp has a twelve month low of $40.04 and a twelve month high of $83.28. The stock has a market capitalization of $11.14 billion, a PE ratio of 28.66, a PEG ratio of 1.14 and a beta of 1.16.
HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.32. HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The business had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. Analysts expect that HollyFrontier Corp will post 5.27 earnings per share for the current year.
Several brokerages have issued reports on HFC. Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Thursday, July 19th. Mizuho began coverage on shares of HollyFrontier in a report on Wednesday, August 1st. They issued a “neutral” rating and a $75.00 price target on the stock. Morgan Stanley boosted their price target on shares of HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a report on Monday, July 16th. US Capital Advisors lowered shares of HollyFrontier from an “overweight” rating to a “hold” rating in a report on Friday, September 7th. Finally, Jefferies Financial Group raised shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price target on the stock in a report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $71.38.
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.
Featured Story: Leveraged Buyout (LBO)
Want to see what other hedge funds are holding HFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HollyFrontier Corp (NYSE:HFC).
Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.