Ellington Management Group LLC cut its stake in HollyFrontier Corp (NYSE:HFC) by 84.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,400 shares of the oil and gas company’s stock after selling 63,100 shares during the quarter. Ellington Management Group LLC’s holdings in HollyFrontier were worth $584,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado boosted its holdings in HollyFrontier by 3.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 36,474 shares of the oil and gas company’s stock valued at $1,868,000 after purchasing an additional 1,129 shares during the period. Boston Private Wealth LLC boosted its holdings in HollyFrontier by 4.2% in the third quarter. Boston Private Wealth LLC now owns 39,822 shares of the oil and gas company’s stock valued at $1,432,000 after purchasing an additional 1,589 shares during the period. Cadence Capital Management LLC boosted its holdings in HollyFrontier by 6.3% in the third quarter. Cadence Capital Management LLC now owns 27,156 shares of the oil and gas company’s stock valued at $977,000 after purchasing an additional 1,613 shares during the period. Amalgamated Bank boosted its holdings in HollyFrontier by 5.9% in the fourth quarter. Amalgamated Bank now owns 35,807 shares of the oil and gas company’s stock valued at $1,834,000 after purchasing an additional 2,010 shares during the period. Finally, Rhumbline Advisers boosted its holdings in HollyFrontier by 0.7% in the third quarter. Rhumbline Advisers now owns 317,799 shares of the oil and gas company’s stock valued at $11,431,000 after purchasing an additional 2,056 shares during the period. Hedge funds and other institutional investors own 86.08% of the company’s stock.
Shares of HollyFrontier Corp (NYSE:HFC) opened at $46.14 on Wednesday. HollyFrontier Corp has a 52 week low of $23.46 and a 52 week high of $53.21. 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 firm has a market capitalization of $8,156.93, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, February 27th. HollyFrontier’s dividend payout ratio (DPR) is currently 29.20%.
In other news, SVP James M. Stump sold 30,000 shares of HollyFrontier 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 sale, the senior vice president now owns 41,849 shares in the company, valued at $2,143,087.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is currently owned by insiders.
A number of research firms recently issued reports on HFC. Macquarie upgraded HollyFrontier from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 16th. Jefferies Group began coverage on HollyFrontier in a report on Wednesday, January 24th. They issued an “underperform” rating and a $40.00 target price for the company. Credit Suisse Group assumed coverage on HollyFrontier in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 target price for the company. Barclays restated a “buy” rating and issued a $65.00 price target on shares of HollyFrontier in a research note on Wednesday, January 10th. Finally, Zacks Investment Research cut HollyFrontier from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Three 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. HollyFrontier presently has a consensus rating of “Hold” and a consensus price target of $44.20.
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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