Geode Capital Management LLC raised its position in shares of HollyFrontier Corp (NYSE:HFC) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,559,691 shares of the oil and gas company’s stock after buying an additional 89,732 shares during the quarter. Geode Capital Management LLC’s holdings in HollyFrontier were worth $79,839,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank purchased a new position in HollyFrontier during the 4th quarter valued at approximately $114,000. NuWave Investment Management LLC purchased a new position in HollyFrontier during the 4th quarter valued at approximately $133,000. Garrison Financial Corp bought a new stake in shares of HollyFrontier in the 4th quarter valued at approximately $203,000. Peregrine Asset Advisers Inc. bought a new stake in shares of HollyFrontier in the 4th quarter valued at approximately $205,000. Finally, Lourd Capital LLC bought a new stake in shares of HollyFrontier in the 4th quarter valued at approximately $207,000. Institutional investors and hedge funds own 86.08% of the company’s stock.
Several research firms have recently issued reports on HFC. Barclays reaffirmed a “buy” rating and issued a $65.00 price objective on shares of HollyFrontier in a research note on Wednesday, January 10th. Zacks Investment Research lowered HollyFrontier from a “buy” rating to a “hold” rating in a research note on Monday. Tudor Pickering lowered HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Argus raised HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Monday, November 20th. Finally, Cowen reaffirmed a “market perform” rating and issued a $38.00 price objective (up from $35.00) on shares of HollyFrontier in a research note on Friday, December 8th. Three 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. The company currently has an average rating of “Hold” and an average price target of $43.40.
Shares of HollyFrontier Corp (NYSE HFC) opened at $45.99 on Tuesday. HollyFrontier Corp has a one year low of $23.46 and a one year high of $53.21. The company has a current ratio of 2.15, a quick ratio of 1.01 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $8,250.94, a P/E ratio of 20.14, a P/E/G ratio of 1.29 and a beta of 1.17.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.12). HollyFrontier had a return on equity of 7.51% and a net margin of 5.65%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the business posted ($0.06) earnings per share. HollyFrontier’s revenue was up 35.1% on a year-over-year basis. analysts anticipate that HollyFrontier Corp will post 3.6 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, February 27th. HollyFrontier’s dividend payout ratio is currently 29.20%.
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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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