Morris Capital Advisors LLC bought a new stake in HollyFrontier Corp (NYSE:HFC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,459 shares of the oil and gas company’s stock, valued at approximately $280,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of HollyFrontier by 414.4% during the fourth quarter. Acadian Asset Management LLC now owns 1,266,003 shares of the oil and gas company’s stock valued at $64,844,000 after buying an additional 1,019,905 shares during the last quarter. American Century Companies Inc. grew its stake 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 buying an additional 957,494 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of HollyFrontier during the fourth quarter valued at about $36,755,000. APG Asset Management N.V. grew its stake in shares of HollyFrontier by 48.4% during the fourth quarter. APG Asset Management N.V. now owns 2,065,017 shares of the oil and gas company’s stock valued at $88,083,000 after buying an additional 673,300 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of HollyFrontier by 2.7% during the fourth quarter. BlackRock Inc. now owns 21,620,652 shares of the oil and gas company’s stock valued at $1,107,409,000 after buying an additional 565,625 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of HollyFrontier Corp (HFC) opened at $42.83 on Thursday. The company has a quick ratio of 1.01, a current ratio of 2.15 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $7,874.93, a PE ratio of 9.48, a P/E/G ratio of 1.23 and a beta of 1.12. HollyFrontier Corp has a 12 month low of $23.46 and a 12 month high of $53.21.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.32 annualized dividend and a yield of 3.08%. HollyFrontier’s dividend payout ratio (DPR) is presently 29.20%.
In other HollyFrontier news, Director James H. Lee sold 5,149 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total value of $242,878.33. Following the completion of the sale, the director now directly owns 52,240 shares in the company, valued at $2,464,160.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James M. Stump sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $51.21, for a total transaction of $1,536,300.00. Following the completion of the sale, the senior vice president now owns 41,849 shares of the company’s stock, valued at $2,143,087.29. The disclosure for this sale can be found here. Insiders sold 65,149 shares of company stock valued at $3,315,478 over the last 90 days. 0.51% of the stock is currently owned by company insiders.
HFC has been the topic of a number of recent research reports. Argus raised HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, November 20th. Zacks Investment Research cut HollyFrontier from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Howard Weil cut HollyFrontier from a “focus list” rating to an “outperform” rating in a research note on Friday, December 22nd. ValuEngine raised HollyFrontier from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Bank of America cut HollyFrontier from a “neutral” rating to an “underperform” rating in a research note on Friday, December 8th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average 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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