Wedge Capital Management L L P NC trimmed its position in HollyFrontier Corp (NYSE:HFC) by 19.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,382 shares of the oil and gas company’s stock after selling 1,296 shares during the period. Wedge Capital Management L L P NC’s holdings in HollyFrontier were worth $273,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of HFC. Amundi Pioneer Asset Management Inc. increased its position in HollyFrontier by 29.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 176,725 shares of the oil and gas company’s stock valued at $8,707,000 after buying an additional 39,889 shares in the last quarter. United Capital Financial Advisers LLC bought a new stake in HollyFrontier during the 2nd quarter worth approximately $496,000. Asset Management One Co. Ltd. increased its holdings in HollyFrontier by 7.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 83,934 shares of the oil and gas company’s stock worth $3,884,000 after purchasing an additional 5,863 shares in the last quarter. Man Group plc increased its holdings in HollyFrontier by 26.0% during the 2nd quarter. Man Group plc now owns 149,755 shares of the oil and gas company’s stock worth $6,931,000 after purchasing an additional 30,934 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in HollyFrontier by 4.3% during the 2nd quarter. California State Teachers Retirement System now owns 355,135 shares of the oil and gas company’s stock worth $16,436,000 after purchasing an additional 14,666 shares in the last quarter. 84.80% of the stock is owned by institutional investors and hedge funds.
In other news, CAO John W. Gann, Jr. sold 8,150 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $50.82, for a total value of $414,183.00. Following the transaction, the chief accounting officer now owns 23,597 shares in the company, valued at approximately $1,199,199.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Lawrence Voliva III sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $50.88, for a total value of $1,017,600.00. Following the completion of the transaction, the chief financial officer now owns 66,415 shares in the company, valued at approximately $3,379,195.20. The disclosure for this sale can be found here. Insiders sold a total of 54,909 shares of company stock worth $2,844,988 in the last 90 days. Company insiders own 0.49% of the company’s stock.
A number of analysts have commented on the company. ValuEngine lowered HollyFrontier from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Wells Fargo & Co boosted their price objective on HollyFrontier from $48.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, November 6th. Barclays assumed coverage on HollyFrontier in a report on Tuesday, January 14th. They set an “equal weight” rating and a $50.00 price objective for the company. Finally, Royal Bank of Canada reissued a “buy” rating and set a $59.00 price objective on shares of HollyFrontier in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $52.77.
Shares of HFC opened at $46.92 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 2.07. The stock has a 50 day moving average price of $49.82 and a two-hundred day moving average price of $50.48. The firm has a market capitalization of $7.57 billion, a P/E ratio of 9.37, a P/E/G ratio of 0.93 and a beta of 1.41. HollyFrontier Corp has a 52 week low of $37.73 and a 52 week high of $58.88.
HollyFrontier (NYSE:HFC) last announced its earnings results on Thursday, October 31st. The oil and gas company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.25. HollyFrontier had a return on equity of 17.42% and a net margin of 4.89%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the business earned $1.98 EPS. The company’s revenue was down 7.3% compared to the same quarter last year. On average, equities analysts forecast that HollyFrontier Corp will post 4.92 earnings per share for the current year.
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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