SG Americas Securities LLC Sells 166,536 Shares of HollyFrontier Corp (HFC)

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SG Americas Securities LLC lessened its stake in HollyFrontier Corp (NYSE:HFC) by 79.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,009 shares of the oil and gas company’s stock after selling 166,536 shares during the period. SG Americas Securities LLC’s holdings in HollyFrontier were worth $2,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of HollyFrontier by 43.8% in the 3rd quarter. AQR Capital Management LLC now owns 9,453,335 shares of the oil and gas company’s stock valued at $660,788,000 after acquiring an additional 2,880,492 shares during the last quarter. Janus Henderson Group PLC raised its position in HollyFrontier by 51.9% during the 3rd quarter. Janus Henderson Group PLC now owns 2,663,824 shares of the oil and gas company’s stock valued at $186,201,000 after purchasing an additional 909,900 shares during the last quarter. Bank of New York Mellon Corp raised its position in HollyFrontier by 6.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,552,909 shares of the oil and gas company’s stock valued at $178,448,000 after purchasing an additional 152,230 shares during the last quarter. JPMorgan Chase & Co. raised its position in HollyFrontier by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,135,422 shares of the oil and gas company’s stock valued at $79,366,000 after purchasing an additional 67,508 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in HollyFrontier by 60.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,113,627 shares of the oil and gas company’s stock valued at $77,843,000 after purchasing an additional 421,340 shares during the last quarter. 86.79% of the stock is owned by institutional investors.

HollyFrontier stock opened at $54.96 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $9.35 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.02 and a beta of 1.18. HollyFrontier Corp has a twelve month low of $42.42 and a twelve month high of $83.28.

A number of research analysts have commented on the company. Jefferies Financial Group reaffirmed a “hold” rating on shares of HollyFrontier in a research report on Thursday, December 20th. JPMorgan Chase & Co. upped their target price on HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a report on Wednesday, November 14th. ValuEngine downgraded HollyFrontier from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. US Capital Advisors upgraded HollyFrontier from a “hold” rating to an “overweight” rating in a report on Monday, October 15th. Finally, Tudor Pickering downgraded HollyFrontier from a “buy” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, eight 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 $73.62.

In related news, Director Robert J. Kostelnik sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $61.62, for a total value of $92,430.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

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HollyFrontier Company Profile

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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