GSA Capital Partners LLP cut its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 58.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,577 shares of the oil and gas company’s stock after selling 17,910 shares during the period. GSA Capital Partners LLP’s holdings in HollyFrontier were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. CSat Investment Advisory L.P. lifted its holdings in HollyFrontier by 45.6% during the 1st quarter. CSat Investment Advisory L.P. now owns 769 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 241 shares during the last quarter. Quadrant Capital Group LLC increased its position in HollyFrontier by 15.2% during the 1st quarter. Quadrant Capital Group LLC now owns 2,436 shares of the oil and gas company’s stock worth $114,000 after buying an additional 321 shares during the period. Coastline Trust Co increased its position in HollyFrontier by 2.9% during the 2nd quarter. Coastline Trust Co now owns 11,745 shares of the oil and gas company’s stock worth $544,000 after buying an additional 335 shares during the period. NuWave Investment Management LLC increased its position 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 purchasing an additional 348 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its position 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 purchasing an additional 349 shares during the period. Institutional investors own 86.32% of the company’s stock.
A number of brokerages recently commented on HFC. Morgan Stanley set a $54.00 price target on HollyFrontier and gave the stock a “hold” rating in a research report on Friday, May 17th. ValuEngine cut HollyFrontier from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. HollyFrontier currently has an average rating of “Hold” and a consensus target price of $62.41.
HFC stock traded up $1.02 during midday trading on Friday, hitting $48.64. The company’s stock had a trading volume of 2,329,199 shares, compared to its average volume of 2,075,421. The stock’s 50-day moving average price is $47.19 and its 200 day moving average price is $47.02. The company has a quick ratio of 1.10, a current ratio of 2.08 and a debt-to-equity ratio of 0.43. HollyFrontier Corp has a 1 year low of $37.73 and a 1 year high of $72.78. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 0.97 and a beta of 1.46.
HollyFrontier (NYSE:HFC) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.51. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that HollyFrontier Corp will post 4.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 22nd were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.32 dividend on an annualized basis and a yield of 2.71%. HollyFrontier’s dividend payout ratio (DPR) is 20.50%.
In related news, Director Franklin Myers acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $49.72 per share, with a total value of $124,300.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.
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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