Teachers Advisors LLC Buys 12,698 Shares of HollyFrontier Corp (HFC)

Teachers Advisors LLC increased its stake in HollyFrontier Corp (NYSE:HFC) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 470,015 shares of the oil and gas company’s stock after purchasing an additional 12,698 shares during the period. Teachers Advisors LLC owned 0.27% of HollyFrontier worth $24,074,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HFC. Sandy Spring Bank bought a new stake in shares of HollyFrontier in the 4th quarter worth approximately $114,000. NuWave Investment Management LLC bought a new stake in shares of HollyFrontier in the 4th quarter worth approximately $133,000. FNY Managed Accounts LLC bought a new stake in shares of HollyFrontier in the 3rd quarter worth approximately $163,000. Garrison Financial Corp bought a new stake in shares of HollyFrontier in the 4th quarter worth approximately $203,000. Finally, Peregrine Asset Advisers Inc. bought a new stake in shares of HollyFrontier in the 4th quarter worth approximately $205,000. 86.02% of the stock is currently owned by institutional investors and hedge funds.

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In other news, SVP James M. Stump sold 30,000 shares of HollyFrontier stock in a transaction on 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 transaction, the senior vice president now directly owns 41,849 shares in the company, valued at approximately $2,143,087.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.51% of the stock is currently owned by company insiders.

HFC has been the topic of several recent research reports. ValuEngine raised HollyFrontier from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a report on Wednesday, December 13th. Deutsche Bank cut their price target on HollyFrontier from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, March 19th. Bank of America downgraded HollyFrontier from a “neutral” rating to an “underperform” rating in a report on Friday, December 8th. Finally, Howard Weil downgraded HollyFrontier from a “focus list” rating to an “outperform” rating in a report on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. HollyFrontier has a consensus rating of “Hold” and a consensus target price of $44.94.

Shares of HollyFrontier stock opened at $47.81 on Friday. HollyFrontier Corp has a 1 year low of $23.46 and a 1 year high of $53.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.01. The company has a market capitalization of $8,479.73, a P/E ratio of 10.58, a P/E/G ratio of 1.37 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 consensus estimate of $0.82 by ($0.12). HollyFrontier had a net margin of 5.65% and a return on equity of 7.51%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter last year, the business posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. equities analysts anticipate that HollyFrontier Corp will post 3.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Tuesday, February 27th. HollyFrontier’s dividend payout ratio (DPR) is presently 29.20%.

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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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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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