Wellington Management Group LLP reduced its position in shares of HollyFrontier Corporation (NYSE:HFC) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,235,194 shares of the oil and gas company’s stock after selling 110,679 shares during the period. Wellington Management Group LLP owned 1.84% of HollyFrontier Corporation worth $91,686,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HFC. Aviva PLC boosted its position in HollyFrontier Corporation by 6.6% in the fourth quarter. Aviva PLC now owns 117,794 shares of the oil and gas company’s stock worth $3,860,000 after buying an additional 7,321 shares during the last quarter. Friedberg Investment Management raised its stake in shares of HollyFrontier Corporation by 98.4% in the fourth quarter. Friedberg Investment Management now owns 81,850 shares of the oil and gas company’s stock valued at $2,681,000 after buying an additional 40,600 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of HollyFrontier Corporation during the fourth quarter valued at approximately $4,223,000. Precocity Capital LP bought a new stake in HollyFrontier Corporation during the fourth quarter valued at about $4,914,000. Finally, FMR LLC raised its stake in HollyFrontier Corporation by 43.0% in the fourth quarter. FMR LLC now owns 3,205,359 shares of the oil and gas company’s stock valued at $105,008,000 after buying an additional 963,700 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.
Shares of HollyFrontier Corporation (NYSE HFC) traded down 3.4604% during midday trading on Tuesday, reaching $25.8147. 981,206 shares of the company were exchanged. The stock’s 50-day moving average price is $26.12 and its 200-day moving average price is $28.62. The company’s market capitalization is $4.53 billion. HollyFrontier Corporation has a 52-week low of $22.07 and a 52-week high of $34.78.
HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.08. HollyFrontier Corporation had a positive return on equity of 1.37% and a negative net margin of 2.82%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 52.6% compared to the same quarter last year. Analysts anticipate that HollyFrontier Corporation will post $1.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 23rd were paid a $0.33 dividend. The ex-dividend date was Friday, May 19th. This represents a $1.32 annualized dividend and a dividend yield of 4.94%. HollyFrontier Corporation’s dividend payout ratio is currently -70.59%.
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Several equities research analysts have weighed in on the company. BidaskClub raised HollyFrontier Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Scotiabank set a $29.00 target price on HollyFrontier Corporation and gave the company a “hold” rating in a research note on Monday, March 27th. Credit Suisse Group cut HollyFrontier Corporation from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $30.00 to $33.00 in a research note on Thursday, May 4th. US Capital Advisors restated a “hold” rating on shares of HollyFrontier Corporation in a report on Monday, May 22nd. Finally, Barclays PLC reiterated an “overweight” rating and set a $37.00 price objective (down previously from $39.00) on shares of HollyFrontier Corporation in a report on Friday, April 14th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.32.
About HollyFrontier Corporation
HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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