HollyFrontier Corp (HFC) Shares Sold by Westover Capital Advisors LLC

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Westover Capital Advisors LLC decreased its stake in shares of HollyFrontier Corp (NYSE:HFC) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,139 shares of the oil and gas company’s stock after selling 1,179 shares during the quarter. Westover Capital Advisors LLC’s holdings in HollyFrontier were worth $314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HFC. Oregon Public Employees Retirement Fund lifted its holdings in HollyFrontier by 3,730.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,828,019 shares of the oil and gas company’s stock valued at $75,000 after buying an additional 3,728,093 shares in the last quarter. AQR Capital Management LLC raised its holdings 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 purchasing an additional 2,880,492 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of HollyFrontier by 51.9% in 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 in the last quarter. LSV Asset Management raised its holdings in shares of HollyFrontier by 304.5% in the 4th quarter. LSV Asset Management now owns 1,181,037 shares of the oil and gas company’s stock valued at $60,374,000 after purchasing an additional 889,049 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of HollyFrontier by 17.8% in the 4th quarter. Northern Trust Corp now owns 2,807,613 shares of the oil and gas company’s stock valued at $143,525,000 after purchasing an additional 423,524 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Shares of HollyFrontier stock traded down $0.53 on Wednesday, reaching $51.58. The stock had a trading volume of 22,840 shares, compared to its average volume of 2,414,452. The company has a quick ratio of 1.66, a current ratio of 2.82 and a debt-to-equity ratio of 0.37. HollyFrontier Corp has a 1 year low of $46.60 and a 1 year high of $83.28. The company has a market cap of $8.87 billion, a P/E ratio of 8.00, a PEG ratio of 1.06 and a beta of 1.17.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Wednesday, February 20th. The oil and gas company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.26. HollyFrontier had a net margin of 6.20% and a return on equity of 17.85%. The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that HollyFrontier Corp will post 5.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 27th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Tuesday, February 26th. HollyFrontier’s payout ratio is currently 20.50%.

In other news, Director Michael Jennings sold 9,000 shares of HollyFrontier stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $55.27, for a total value of $497,430.00. Following the transaction, the director now owns 18,899 shares of the company’s stock, valued at approximately $1,044,547.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by insiders.

Several equities research analysts have recently commented on the stock. Cowen set a $76.00 price target on shares of HollyFrontier and gave the company a “hold” rating in a report on Monday, December 3rd. Barclays restated a “buy” rating and issued a $83.00 price target on shares of HollyFrontier in a report on Thursday, February 21st. Royal Bank of Canada restated a “buy” rating and issued a $66.00 price target on shares of HollyFrontier in a report on Friday, February 22nd. Zacks Investment Research lowered shares of HollyFrontier from a “hold” rating to a “strong sell” rating in a report on Monday, February 4th. Finally, Morgan Stanley assumed coverage on shares of HollyFrontier in a report on Tuesday, February 12th. They issued an “equal weight” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. HollyFrontier currently has an average rating of “Hold” and an average price target of $72.23.

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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.

Further Reading: Understanding Specialty Certificates of Deposit

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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