Envestnet Asset Management Inc. increased its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 9.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,009 shares of the oil and gas company’s stock after buying an additional 4,768 shares during the quarter. Envestnet Asset Management Inc.’s holdings in HollyFrontier were worth $2,453,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in HollyFrontier by 17.5% during the first quarter. AQR Capital Management LLC now owns 11,776,317 shares of the oil and gas company’s stock worth $580,219,000 after purchasing an additional 1,753,888 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of HollyFrontier by 388.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 440,000 shares of the oil and gas company’s stock worth $20,363,000 after purchasing an additional 350,000 shares during the last quarter. State of Wisconsin Investment Board boosted its position in HollyFrontier by 710.6% during the first quarter. State of Wisconsin Investment Board now owns 380,692 shares of the oil and gas company’s stock valued at $18,757,000 after acquiring an additional 333,728 shares during the last quarter. LSV Asset Management raised its holdings in shares of HollyFrontier by 24.9% during the first quarter. LSV Asset Management now owns 1,475,057 shares of the oil and gas company’s stock valued at $72,676,000 after purchasing an additional 294,020 shares during the period. Finally, Todd Asset Management LLC acquired a new position in shares of HollyFrontier during the first quarter valued at about $12,988,000. 86.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HFC traded up $1.02 during midday trading on Friday, reaching $48.64. The stock had a trading volume of 2,329,199 shares, compared to its average volume of 2,075,421. The firm’s 50 day moving average price is $47.19 and its 200-day moving average price is $47.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.08 and a quick ratio of 1.10. The company has a market capitalization of $7.84 billion, a P/E ratio of 7.55, a P/E/G ratio of 0.97 and a beta of 1.46. HollyFrontier Corp has a 52 week low of $37.73 and a 52 week high of $72.78.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $2.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.51. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the company earned $1.45 EPS. HollyFrontier’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts forecast that HollyFrontier Corp will post 4.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 22nd were paid a $0.33 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.32 annualized dividend and a dividend yield of 2.71%. HollyFrontier’s dividend payout ratio is 20.50%.
In other HollyFrontier news, Director Franklin Myers bought 2,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $49.72 per share, for a total transaction of $124,300.00. Following the acquisition, the director now directly owns 24,989 shares of the company’s stock, valued at approximately $1,242,453.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.
Several research analysts have commented on HFC shares. ValuEngine downgraded shares of HollyFrontier from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Morgan Stanley set a $54.00 target price on shares of HollyFrontier and gave the stock a “hold” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $62.41.
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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