O Shaughnessy Asset Management LLC boosted its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 90.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,072 shares of the oil and gas company’s stock after buying an additional 43,273 shares during the period. O Shaughnessy Asset Management LLC owned about 0.05% of HollyFrontier worth $4,658,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its stake in shares of HollyFrontier by 6.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,487 shares of the oil and gas company’s stock valued at $229,000 after purchasing an additional 260 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of HollyFrontier by 6.1% in the 4th quarter. Contravisory Investment Management Inc. now owns 5,441 shares of the oil and gas company’s stock valued at $278,000 after purchasing an additional 314 shares in the last quarter. Hartford Investment Management Co. boosted its stake in shares of HollyFrontier by 1.0% in the 4th quarter. Hartford Investment Management Co. now owns 31,368 shares of the oil and gas company’s stock valued at $1,604,000 after purchasing an additional 319 shares in the last quarter. Greenleaf Trust boosted its stake in shares of HollyFrontier by 5.7% in the 4th quarter. Greenleaf Trust now owns 7,107 shares of the oil and gas company’s stock valued at $363,000 after purchasing an additional 386 shares in the last quarter. Finally, We Are One Seven LLC acquired a new stake in shares of HollyFrontier in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of HollyFrontier from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Wednesday, November 14th. Cowen set a $76.00 target price on shares of HollyFrontier and gave the company a “hold” rating in a research note on Monday, December 3rd. ValuEngine cut HollyFrontier from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Barclays reaffirmed a “buy” rating and issued a $83.00 price target on shares of HollyFrontier in a report on Thursday, February 21st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $66.00 price target on shares of HollyFrontier in a report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $72.23.
In other HollyFrontier news, Director Michael Jennings sold 9,000 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $55.27, for a total transaction of $497,430.00. Following the transaction, the director now owns 18,899 shares in the company, valued at approximately $1,044,547.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is owned by company insiders.
HFC opened at $52.07 on Tuesday. HollyFrontier Corp has a 1-year low of $43.44 and a 1-year high of $83.28. The company has a current ratio of 2.82, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $8.89 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings results on Wednesday, February 20th. The oil and gas company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.26. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.41 billion. HollyFrontier had a return on equity of 17.85% and a net margin of 6.20%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 EPS. As a group, equities analysts expect that HollyFrontier Corp will post 5.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 27th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, February 26th. HollyFrontier’s payout ratio is 20.50%.
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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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