Alpha Windward LLC Acquires New Stake in HollyFrontier Corp (HFC)

Alpha Windward LLC acquired a new stake in shares of HollyFrontier Corp (NYSE:HFC) during the fourth quarter, Holdings Channel reports. The firm acquired 12,233 shares of the oil and gas company’s stock, valued at approximately $627,000. HollyFrontier accounts for 0.4% of Alpha Windward LLC’s holdings, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HFC. American Century Companies Inc. increased its position in shares of HollyFrontier by 148.2% during the third quarter. American Century Companies Inc. now owns 1,603,606 shares of the oil and gas company’s stock valued at $57,682,000 after purchasing an additional 957,494 shares during the period. Cornerstone Capital Management Holdings LLC. grew its position in HollyFrontier by 741.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 1,004,130 shares of the oil and gas company’s stock valued at $27,582,000 after acquiring an additional 884,754 shares during the period. Janus Henderson Group PLC grew its position in HollyFrontier by 1,974.5% in the second quarter. Janus Henderson Group PLC now owns 638,955 shares of the oil and gas company’s stock valued at $17,552,000 after acquiring an additional 608,155 shares during the period. Systematic Financial Management LP bought a new stake in HollyFrontier in the third quarter valued at $19,967,000. Finally, Precocity Capital LP bought a new stake in HollyFrontier in the third quarter valued at $19,784,000. Institutional investors and hedge funds own 83.21% of the company’s stock.

HollyFrontier Corp (NYSE HFC) opened at $52.40 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.00 and a quick ratio of 0.98. The company has a market capitalization of $9,262.52, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. HollyFrontier Corp has a one year low of $23.46 and a one year high of $53.21.

HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.25. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The business’s revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. sell-side analysts expect that HollyFrontier Corp will post 2.35 EPS for the current year.

In other HollyFrontier news, SVP James M. Stump sold 30,000 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $51.21, for a total value of $1,536,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James H. Lee sold 5,149 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $47.17, for a total value of $242,878.33. Following the completion of the transaction, the director now directly owns 52,240 shares in the company, valued at approximately $2,464,160.80. The disclosure for this sale can be found here. In the last three months, insiders sold 82,649 shares of company stock worth $4,062,308. Insiders own 0.51% of the company’s stock.

A number of analysts have weighed in on HFC shares. Howard Weil upped their price target on HollyFrontier from $33.00 to $39.00 and gave the company a “focus list” rating in a research report on Thursday, September 28th. Scotiabank upgraded HollyFrontier from an “outperform” rating to a “focus stock” rating and upped their price target for the company from $33.00 to $39.00 in a research report on Saturday, September 30th. JPMorgan Chase & Co. cut HollyFrontier from a “neutral” rating to an “underweight” rating and upped their price target for the company from $33.00 to $34.00 in a research report on Friday, October 6th. Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. Finally, Barclays reiterated an “overweight” rating and issued a $40.00 price target (up from $39.00) on shares of HollyFrontier in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.71.

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HollyFrontier Profile

HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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