Comerica Bank increased its holdings in HollyFrontier Corp (NYSE:HFC) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,529 shares of the oil and gas company’s stock after acquiring an additional 1,041 shares during the period. Comerica Bank’s holdings in HollyFrontier were worth $2,403,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in HFC. 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 valued at $580,219,000 after purchasing an additional 1,753,888 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings 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 acquiring an additional 350,000 shares during the period. State of Wisconsin Investment Board boosted its holdings in shares of HollyFrontier by 710.6% in the first quarter. State of Wisconsin Investment Board now owns 380,692 shares of the oil and gas company’s stock worth $18,757,000 after acquiring an additional 333,728 shares during the period. LSV Asset Management boosted its holdings in shares of HollyFrontier by 24.9% in the first quarter. LSV Asset Management now owns 1,475,057 shares of the oil and gas company’s stock worth $72,676,000 after acquiring an additional 294,020 shares during the period. Finally, Todd Asset Management LLC bought a new position in shares of HollyFrontier in the first quarter worth $12,988,000. 84.39% of the stock is owned by institutional investors.
A number of equities research analysts recently issued reports on HFC shares. Morgan Stanley set a $54.00 price objective on HollyFrontier and gave the stock a “hold” rating in a research report on Friday, May 17th. ValuEngine downgraded HollyFrontier from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $62.41.
Shares of NYSE HFC traded up $0.46 during trading hours on Wednesday, hitting $45.63. The company’s stock had a trading volume of 42,012 shares, compared to its average volume of 2,042,552. The business has a 50-day simple moving average of $47.24 and a 200-day simple moving average of $47.18. 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 stock has a market cap of $7.30 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.91 and a beta of 1.46. HollyFrontier Corp has a 12 month low of $37.73 and a 12 month high of $76.56.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.51. The business had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.31 billion. HollyFrontier had a return on equity of 18.51% and a net margin of 5.25%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS. On average, equities research analysts forecast that HollyFrontier Corp will post 4.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.32 annualized dividend and a dividend yield of 2.89%. HollyFrontier’s payout ratio is 20.50%.
In other HollyFrontier news, Director Franklin Myers bought 2,500 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $49.72 per share, for a total transaction of $124,300.00. Following the completion of the acquisition, the director now owns 24,989 shares of the company’s stock, valued at $1,242,453.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.
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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