HollyFrontier Corporation (HFC) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC raised its stake in shares of HollyFrontier Corporation (NYSE:HFC) by 306.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,158 shares of the oil and gas company’s stock after buying an additional 60,442 shares during the period. SG Americas Securities LLC’s holdings in HollyFrontier Corporation were worth $2,202,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. AT Bancorp acquired a new position in HollyFrontier Corporation during the second quarter valued at approximately $104,000. Toronto Dominion Bank boosted its position in HollyFrontier Corporation by 11.3% in the first quarter. Toronto Dominion Bank now owns 3,759 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 382 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in HollyFrontier Corporation by 5.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,472 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 236 shares during the period. IFP Advisors Inc boosted its position in HollyFrontier Corporation by 304.6% in the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 3,674 shares during the period. Finally, First Mercantile Trust Co. boosted its position in HollyFrontier Corporation by 5,539.1% in the first quarter. First Mercantile Trust Co. now owns 6,485 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 6,370 shares during the period. Institutional investors own 86.90% of the company’s stock.
HollyFrontier Corporation (HFC) opened at 29.56 on Friday. The company has a market capitalization of $5.19 billion, a PE ratio of 37.51 and a beta of 1.24. The company’s 50-day moving average price is $28.33 and its 200 day moving average price is $27.60. HollyFrontier Corporation has a 52 week low of $22.63 and a 52 week high of $34.78.
HollyFrontier Corporation (NYSE:HFC) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, topping 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 company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the company 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 research analysts anticipate that HollyFrontier Corporation will post $1.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, August 21st. This represents a $1.32 dividend on an annualized basis and a yield of 4.47%. HollyFrontier Corporation’s dividend payout ratio (DPR) is presently 167.09%.
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HFC has been the subject of several research analyst reports. BidaskClub upgraded HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 target price on shares of HollyFrontier Corporation in a research note on Thursday, June 15th. US Capital Advisors reiterated a “hold” rating on shares of HollyFrontier Corporation in a research note on Monday, May 22nd. Scotiabank set a $29.00 target price on HollyFrontier Corporation and gave the company a “hold” rating in a research note on Thursday, May 4th. Finally, Zacks Investment Research upgraded HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. HollyFrontier Corporation currently has an average rating of “Hold” and an average price target of $30.32.
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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