Chicago Equity Partners LLC bought a new position in HollyFrontier Corporation (NYSE:HFC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,100 shares of the oil and gas company’s stock, valued at approximately $415,000.
A number of other hedge funds also recently added to or reduced their stakes in HFC. AT Bancorp purchased a new stake in HollyFrontier Corporation in the 2nd quarter worth approximately $104,000. Toronto Dominion Bank raised its holdings in shares of HollyFrontier Corporation by 11.3% during the 1st quarter. Toronto Dominion Bank now owns 3,759 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 382 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of HollyFrontier Corporation by 304.6% during the 2nd quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 3,674 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of HollyFrontier Corporation by 18.1% during the 1st quarter. Van ECK Associates Corp now owns 7,001 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 1,073 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in shares of HollyFrontier Corporation during the 1st quarter valued at $205,000. Institutional investors own 83.84% of the company’s stock.
HollyFrontier Corporation (NYSE HFC) opened at 32.98 on Wednesday. The company has a market cap of $5.79 billion, a P/E ratio of 41.85 and a beta of 1.21. HollyFrontier Corporation has a one year low of $22.63 and a one year high of $34.78. The company has a 50-day moving average of $29.67 and a 200 day moving average of $27.73.
HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. Equities research analysts predict that HollyFrontier Corporation will post $1.48 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.00%. The ex-dividend date is Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio (DPR) is currently 167.09%.
A number of research firms have recently weighed in on HFC. Royal Bank Of Canada restated a “buy” rating and set a $38.00 price target on shares of HollyFrontier Corporation in a report on Friday, September 8th. Scotiabank restated a “buy” rating and set a $33.00 price target on shares of HollyFrontier Corporation in a report on Friday, September 8th. BidaskClub upgraded shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Barclays PLC raised their price target on shares of HollyFrontier Corporation from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. HollyFrontier Corporation has an average rating of “Hold” and a consensus target price of $31.15.
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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