Sumitomo Mitsui Asset Management Company LTD maintained its position in shares of HollyFrontier Corporation (NYSE:HFC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,938 shares of the oil and gas company’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in HollyFrontier Corporation were worth $327,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of HFC. Utah Retirement Systems increased its position in shares of HollyFrontier Corporation by 0.3% in the first quarter. Utah Retirement Systems now owns 29,582 shares of the oil and gas company’s stock valued at $838,000 after buying an additional 100 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of HollyFrontier Corporation by 0.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,037 shares of the oil and gas company’s stock valued at $710,000 after buying an additional 143 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of HollyFrontier Corporation by 5.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,472 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 236 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of HollyFrontier Corporation by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 30,565 shares of the oil and gas company’s stock valued at $866,000 after buying an additional 267 shares in the last quarter. Finally, World Asset Management Inc increased its position in shares of HollyFrontier Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 15,640 shares of the oil and gas company’s stock valued at $443,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 84.94% of the company’s stock.
Shares of HollyFrontier Corporation (NYSE:HFC) opened at 28.56 on Friday. The stock’s 50 day moving average price is $28.11 and its 200-day moving average price is $27.67. HollyFrontier Corporation has a 12 month low of $22.63 and a 12 month high of $34.78. The company has a market cap of $5.01 billion, a P/E ratio of 36.24 and a beta of 1.24.
HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 27.4% on a year-over-year basis. Equities research analysts expect that HollyFrontier Corporation will post $1.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Monday, August 21st. HollyFrontier Corporation’s payout ratio is presently 167.09%.
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Several research analysts have commented on the company. US Capital Advisors restated a “hold” rating on shares of HollyFrontier Corporation in a research note on Monday, May 22nd. Zacks Investment Research upgraded HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Scotiabank set a $29.00 target price on HollyFrontier Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. Finally, Simmons restated a “neutral” rating and issued a $25.00 target price (down previously from $27.00) on shares of HollyFrontier Corporation in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.32.
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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