ETRADE Capital Management LLC acquired a new position in HollyFrontier Corp (NYSE:HFC) during the 4th quarter, HoldingsChannel reports. The fund acquired 11,756 shares of the oil and gas company’s stock, valued at approximately $602,000.
A number of other large investors have also recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. bought a new position in HollyFrontier in the fourth quarter worth approximately $56,969,000. Alliancebernstein L.P. boosted its position in HollyFrontier by 1.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,599,830 shares of the oil and gas company’s stock valued at $184,383,000 after acquiring an additional 52,890 shares in the last quarter. Bogle Investment Management L P DE boosted its position in HollyFrontier by 756.2% during the 4th quarter. Bogle Investment Management L P DE now owns 277,316 shares of the oil and gas company’s stock valued at $14,204,000 after acquiring an additional 244,928 shares in the last quarter. WINTON GROUP Ltd bought a new stake in HollyFrontier during the 4th quarter valued at $4,674,000. Finally, Geode Capital Management LLC boosted its position in HollyFrontier by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 1,559,691 shares of the oil and gas company’s stock valued at $79,839,000 after acquiring an additional 89,732 shares in the last quarter. 86.08% of the stock is currently owned by institutional investors.
Several analysts have issued reports on the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $53.00 target price on shares of HollyFrontier in a research report on Wednesday, March 7th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $45.00 target price on shares of HollyFrontier in a research report on Friday, February 23rd. Cowen increased their target price on HollyFrontier from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, February 21st. Zacks Investment Research cut HollyFrontier from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Barclays reaffirmed a “buy” rating and set a $61.00 target price on shares of HollyFrontier in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. HollyFrontier has an average rating of “Hold” and an average target price of $43.40.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 7.51% and a net margin of 5.65%. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) EPS. research analysts expect that HollyFrontier Corp will post 3.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be given a $0.33 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.84%. HollyFrontier’s payout ratio is 29.20%.
In related news, SVP James M. Stump sold 30,000 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Lee sold 5,149 shares of the firm’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 owns 52,240 shares of the company’s stock, valued at approximately $2,464,160.80. The disclosure for this sale can be found here. Insiders sold a total of 65,149 shares of company stock valued at $3,315,478 in the last three months. Insiders own 0.51% of the company’s stock.
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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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