Teachers Retirement System of The State of Kentucky cut its holdings in shares of HollyFrontier Corporation (NYSE:HFC) by 10.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,140 shares of the oil and gas company’s stock after selling 4,300 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in HollyFrontier Corporation were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HFC. BlackRock Inc. grew its holdings in shares of HollyFrontier Corporation by 7,017.5% during the 1st quarter. BlackRock Inc. now owns 21,293,640 shares of the oil and gas company’s stock worth $603,462,000 after purchasing an additional 20,994,466 shares during the period. Principal Financial Group Inc. grew its holdings in shares of HollyFrontier Corporation by 129.6% during the 2nd quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock worth $115,495,000 after purchasing an additional 2,373,560 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of HollyFrontier Corporation by 57.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,295,800 shares of the oil and gas company’s stock worth $150,077,000 after purchasing an additional 1,926,908 shares during the period. Kempen Capital Management N.V. purchased a new position in shares of HollyFrontier Corporation during the 2nd quarter worth $24,366,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of HollyFrontier Corporation by 383.3% during the 1st quarter. JPMorgan Chase & Co. now owns 977,618 shares of the oil and gas company’s stock worth $27,705,000 after purchasing an additional 775,341 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.
HollyFrontier Corporation (NYSE:HFC) opened at 36.19 on Wednesday. The company’s 50-day moving average price is $33.17 and its 200 day moving average price is $28.75. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $37.00. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 45.93 and a beta of 1.23.
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, beating the Zacks’ consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, equities analysts expect that HollyFrontier Corporation will post $1.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio (DPR) is presently 167.09%.
A number of equities analysts have recently weighed in on the company. Barclays PLC reiterated an “overweight” rating and set a $39.00 price target (up from $37.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $38.00 price target (up from $36.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. BidaskClub cut HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Howard Weil increased their price target on HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a report on Thursday, September 28th. Finally, Scotiabank upgraded HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.15.
HollyFrontier Corporation Company Profile
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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