Panagora Asset Management Inc. boosted its holdings in HollyFrontier Corp (NYSE:HFC) by 32.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,616 shares of the oil and gas company’s stock after acquiring an additional 14,783 shares during the period. Panagora Asset Management Inc.’s holdings in HollyFrontier were worth $4,237,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in HollyFrontier by 51.9% during the third quarter. Janus Henderson Group PLC now owns 2,663,824 shares of the oil and gas company’s stock worth $186,201,000 after purchasing an additional 909,900 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in HollyFrontier during the second quarter worth $49,174,000. Renaissance Technologies LLC lifted its stake in HollyFrontier by 76.9% during the second quarter. Renaissance Technologies LLC now owns 1,605,232 shares of the oil and gas company’s stock worth $109,846,000 after purchasing an additional 697,650 shares in the last quarter. Millennium Management LLC lifted its stake in HollyFrontier by 38.4% during the second quarter. Millennium Management LLC now owns 2,148,646 shares of the oil and gas company’s stock worth $147,032,000 after purchasing an additional 595,839 shares in the last quarter. Finally, Natixis lifted its stake in HollyFrontier by 2,488.2% during the second quarter. Natixis now owns 506,950 shares of the oil and gas company’s stock worth $34,691,000 after purchasing an additional 487,363 shares in the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.
A number of research analysts have commented on the company. US Capital Advisors upgraded HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Jefferies Financial Group raised HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price objective on the stock in a research report on Tuesday, October 16th. Cowen set a $76.00 price objective on HollyFrontier and gave the stock a “hold” rating in a research report on Monday, December 3rd. ValuEngine lowered HollyFrontier from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. upped their price objective on HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $74.62.
HollyFrontier stock opened at $56.85 on Friday. The firm has a market cap of $10.02 billion, a PE ratio of 11.80, a P/E/G ratio of 0.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.50. HollyFrontier Corp has a twelve month low of $42.42 and a twelve month high of $83.28.
HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.66 by $0.32. The firm had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.42 billion. HollyFrontier had a return on equity of 13.94% and a net margin of 8.51%. HollyFrontier’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. Analysts predict that HollyFrontier Corp will post 5.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.
In related news, Director Robert J. Kostelnik sold 1,500 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $61.62, for a total value of $92,430.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was first reported by Stock Observer and is the property of of Stock Observer. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.thestockobserver.com/2018/12/08/hollyfrontier-corp-hfc-position-lifted-by-panagora-asset-management-inc.html.
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.
See Also: Earnings Reports
Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.