Virginia Retirement Systems ET AL bought a new position in HollyFrontier Corp. (NYSE:HFC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,300 shares of the company’s stock, valued at approximately $815,000.
A number of other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in HollyFrontier Corp. by 24.2% in the first quarter. Wellington Management Group LLP now owns 1,255,012 shares of the company’s stock valued at $44,327,000 after buying an additional 244,503 shares during the period. State Street Corp boosted its position in shares of HollyFrontier Corp. by 0.6% in the first quarter. State Street Corp now owns 7,203,266 shares of the company’s stock worth $254,416,000 after buying an additional 45,472 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of HollyFrontier Corp. by 448.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 31,800 shares of the company’s stock worth $1,123,000 after buying an additional 26,000 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of HollyFrontier Corp. by 57.1% in the first quarter. Canada Pension Plan Investment Board now owns 116,372 shares of the company’s stock worth $4,110,000 after buying an additional 42,300 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of HollyFrontier Corp. during the first quarter worth about $273,000. 83.83% of the stock is owned by institutional investors and hedge funds.
Shares of HollyFrontier Corp. (NYSE:HFC) opened at 24.50 on Monday. The company’s market cap is $4.31 billion. HollyFrontier Corp. has a 12-month low of $22.07 and a 12-month high of $52.30. The company’s 50-day moving average is $25.51 and its 200-day moving average is $28.17.
HollyFrontier Corp. (NYSE:HFC) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.04. The business earned $2.71 billion during the quarter, compared to analysts’ expectations of $2.35 billion. HollyFrontier Corp. had a positive return on equity of 8.00% and a negative net margin of 2.09%. The business’s quarterly revenue was down 26.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.88 EPS. Equities research analysts predict that HollyFrontier Corp. will post $0.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, August 23rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date was Friday, August 19th. HollyFrontier Corp.’s payout ratio is -93.62%.
A number of brokerages have recently issued reports on HFC. Vetr cut shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and set a $27.67 price objective for the company. in a report on Tuesday, August 9th. Simmons reiterated a “neutral” rating and set a $24.00 price objective (down from $26.00) on shares of HollyFrontier Corp. in a report on Wednesday, June 29th. Zacks Investment Research cut shares of HollyFrontier Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Wolfe Research cut shares of HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, June 20th. Finally, Deutsche Bank AG cut shares of HollyFrontier Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $53.00 to $30.00 in a report on Tuesday, July 12th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $36.09.
About HollyFrontier Corp.
HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.
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