Rhumbline Advisers lifted its position in shares of HollyFrontier Corp (NYSE:HFC) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 326,801 shares of the oil and gas company’s stock after purchasing an additional 9,002 shares during the period. Rhumbline Advisers’ holdings in HollyFrontier were worth $16,739,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in HFC. Toronto Dominion Bank lifted its position in HollyFrontier by 6.3% in the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 235 shares during the last quarter. Sandy Spring Bank purchased a new stake in HollyFrontier in the fourth quarter valued at $114,000. NuWave Investment Management LLC purchased a new stake in HollyFrontier in the fourth quarter valued at $133,000. FNY Managed Accounts LLC purchased a new stake in HollyFrontier in the third quarter valued at $163,000. Finally, Garrison Financial Corp purchased a new stake in HollyFrontier in the fourth quarter valued at $203,000. 84.43% of the stock is owned by institutional investors and hedge funds.
In other news, SVP James M. Stump sold 30,000 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $51.21, for a total transaction of $1,536,300.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Jennings sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $44.50, for a total transaction of $200,250.00. Following the transaction, the director now owns 49,717 shares in the company, valued at $2,212,406.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,649 shares of company stock worth $3,515,728. Company insiders own 0.51% of the company’s stock.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.85 billion. HollyFrontier had a net margin of 5.65% and a return on equity of 7.51%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. equities research analysts anticipate that HollyFrontier Corp will post 3.6 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.93%. HollyFrontier’s dividend payout ratio (DPR) is 29.20%.
A number of equities research analysts recently weighed in on HFC shares. Cowen boosted their price target on shares of HollyFrontier from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, February 21st. Bank of America cut shares of HollyFrontier from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Royal Bank of Canada reissued a “buy” rating and issued a $58.00 price target on shares of HollyFrontier in a research report on Tuesday, January 30th. ValuEngine raised shares of HollyFrontier from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.27.
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HollyFrontier Company 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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