IFP Advisors Inc decreased its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 35.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,832 shares of the oil and gas company’s stock after selling 1,007 shares during the quarter. IFP Advisors Inc’s holdings in HollyFrontier were worth $128,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. World Asset Management Inc increased its stake in shares of HollyFrontier by 5.6% during the 2nd quarter. World Asset Management Inc now owns 14,311 shares of the oil and gas company’s stock worth $979,000 after purchasing an additional 756 shares during the last quarter. BB&T Corp boosted its holdings in shares of HollyFrontier by 2.6% during the 3rd quarter. BB&T Corp now owns 30,388 shares of the oil and gas company’s stock worth $2,124,000 after buying an additional 776 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of HollyFrontier by 13.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 9,554 shares of the oil and gas company’s stock worth $668,000 after buying an additional 1,133 shares during the period. Strs Ohio boosted its holdings in shares of HollyFrontier by 19.2% during the 3rd quarter. Strs Ohio now owns 7,141 shares of the oil and gas company’s stock worth $499,000 after buying an additional 1,152 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of HollyFrontier by 13.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,377 shares of the oil and gas company’s stock worth $778,000 after buying an additional 1,381 shares during the period. Institutional investors own 87.65% of the company’s stock.
Shares of HollyFrontier stock opened at $64.70 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.50 and a debt-to-equity ratio of 0.37. HollyFrontier Corp has a fifty-two week low of $41.68 and a fifty-two week high of $83.28. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.09 and a beta of 1.07.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.32. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the firm earned $1.14 EPS. The business’s revenue was up 28.3% on a year-over-year basis. On average, equities research analysts expect that HollyFrontier Corp will post 5.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.
Several research firms recently issued reports on HFC. US Capital Advisors raised shares of HollyFrontier from a “hold” rating to an “overweight” rating in a report on Monday, October 15th. Jefferies Financial Group raised shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price objective for the company in a report on Tuesday, October 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $70.00 price objective on shares of HollyFrontier in a report on Friday, August 3rd. Mizuho began coverage on shares of HollyFrontier in a report on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price objective for the company. Finally, Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, July 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $71.38.
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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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