Bessemer Group Inc. lifted its holdings in HollyFrontier Corporation (NYSE:HFC) by 50.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,885 shares of the oil and gas company’s stock after purchasing an additional 21,695 shares during the quarter. Bessemer Group Inc.’s holdings in HollyFrontier Corporation were worth $2,334,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. AT Bancorp purchased a new position in HollyFrontier Corporation during the second quarter worth $104,000. Toronto Dominion Bank boosted its stake in HollyFrontier Corporation by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after buying an additional 235 shares during the period. Ffcm LLC boosted its stake in HollyFrontier Corporation by 2,500.0% during the second quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock worth $130,000 after buying an additional 4,450 shares during the period. IFP Advisors Inc boosted its stake in HollyFrontier Corporation by 304.6% during the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock worth $134,000 after buying an additional 3,674 shares during the period. Finally, GLG Partners LP purchased a new position in HollyFrontier Corporation during the second quarter worth $202,000. 81.18% of the stock is owned by hedge funds and other institutional investors.
Shares of HollyFrontier Corporation (NYSE:HFC) opened at $41.85 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7,454.33, a PE ratio of 27.13, a P/E/G ratio of 2.02 and a beta of 1.21. HollyFrontier Corporation has a fifty-two week low of $23.46 and a fifty-two week high of $42.60.
HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.25. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier Corporation had a return on equity of 5.18% and a net margin of 2.55%. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. research analysts anticipate that HollyFrontier Corporation will post 2.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.32 annualized dividend and a dividend yield of 3.15%. HollyFrontier Corporation’s payout ratio is currently 69.47%.
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HFC has been the subject of several recent analyst reports. Zacks Investment Research raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, October 17th. BidaskClub lowered shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. J P Morgan Chase & Co lowered shares of HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $33.00 to $34.00 in a research note on Friday, October 6th. Cowen and Company reaffirmed a “hold” rating and set a $30.00 price objective on shares of HollyFrontier Corporation in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada lifted their price objective on shares of HollyFrontier Corporation from $42.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. HollyFrontier Corporation has a consensus rating of “Hold” and an average price target of $36.89.
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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