Envestnet Asset Management Inc. lifted its holdings in HollyFrontier Corp (NYSE:HFC) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,009 shares of the oil and gas company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. CSat Investment Advisory L.P. raised its stake in shares of HollyFrontier by 45.6% in the first quarter. CSat Investment Advisory L.P. now owns 769 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 241 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of HollyFrontier by 15.2% in the first quarter. Quadrant Capital Group LLC now owns 2,436 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 321 shares during the period. Coastline Trust Co grew its holdings in shares of HollyFrontier by 2.9% in the second quarter. Coastline Trust Co now owns 11,745 shares of the oil and gas company’s stock worth $544,000 after acquiring an additional 335 shares during the period. NuWave Investment Management LLC grew its holdings in shares of HollyFrontier by 69.7% in the second quarter. NuWave Investment Management LLC now owns 847 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 348 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of HollyFrontier by 2.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,150 shares of the oil and gas company’s stock worth $746,000 after acquiring an additional 349 shares during the period. Hedge funds and other institutional investors own 86.32% of the company’s stock.
In related news, Director Franklin Myers purchased 2,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $49.72 per share, with a total value of $124,300.00. Following the completion of the acquisition, the director now owns 24,989 shares of the company’s stock, valued at approximately $1,242,453.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.
NYSE:HFC opened at $44.36 on Friday. The stock has a 50-day simple moving average of $47.56 and a two-hundred day simple moving average of $47.41. HollyFrontier Corp has a 52-week low of $37.73 and a 52-week high of $76.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.08. The firm has a market capitalization of $7.33 billion, a PE ratio of 6.40, a P/E/G ratio of 0.91 and a beta of 1.45.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. HollyFrontier’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts forecast that HollyFrontier Corp will post 4.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.98%. The ex-dividend date is Wednesday, August 21st. HollyFrontier’s dividend payout ratio is presently 20.50%.
Several brokerages recently commented on HFC. ValuEngine lowered HollyFrontier from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Morgan Stanley set a $54.00 price objective on HollyFrontier and gave the stock a “hold” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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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