Robeco Institutional Asset Management B.V. boosted its stake in HollyFrontier Corporation (NYSE:HFC) by 3.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 470,113 shares of the oil and gas company’s stock after buying an additional 14,267 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.27% of HollyFrontier Corporation worth $12,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in HollyFrontier Corporation by 7,017.5% in the first quarter. BlackRock Inc. now owns 21,293,640 shares of the oil and gas company’s stock worth $603,462,000 after buying an additional 20,994,466 shares in the last quarter. Vanguard Group Inc. raised its stake in HollyFrontier Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 15,583,886 shares of the oil and gas company’s stock worth $441,649,000 after buying an additional 634,370 shares in the last quarter. State Street Corp raised its stake in HollyFrontier Corporation by 4.1% in the first quarter. State Street Corp now owns 7,883,569 shares of the oil and gas company’s stock worth $223,408,000 after buying an additional 308,388 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in HollyFrontier Corporation by 57.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,295,800 shares of the oil and gas company’s stock worth $150,077,000 after buying an additional 1,926,908 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in HollyFrontier Corporation by 130.5% in the first quarter. Alliancebernstein L.P. now owns 3,475,785 shares of the oil and gas company’s stock worth $98,504,000 after buying an additional 1,967,907 shares in the last quarter. 83.82% of the stock is currently owned by institutional investors.

Shares of HollyFrontier Corporation (NYSE:HFC) opened at 32.21 on Wednesday. The firm’s 50-day moving average price is $28.33 and its 200 day moving average price is $27.60. The firm has a market capitalization of $5.65 billion, a P/E ratio of 40.88 and a beta of 1.24. HollyFrontier Corporation has a 12 month low of $22.63 and a 12 month high of $34.78.

HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.20. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. HollyFrontier Corporation’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. Analysts anticipate that HollyFrontier Corporation will post $1.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be given a $0.33 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.32 annualized dividend and a yield of 4.10%. HollyFrontier Corporation’s dividend payout ratio is presently 167.09%.

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A number of analysts have weighed in on the company. Barclays PLC restated an “overweight” rating and set a $39.00 target price (up previously from $37.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and set a $38.00 target price (up previously from $36.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. BidaskClub lowered HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Scotiabank upgraded HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 2nd. Finally, Simmons reiterated a “neutral” rating and set a $25.00 price objective (down previously from $27.00) on shares of HollyFrontier Corporation in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price 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).

Institutional Ownership by Quarter for HollyFrontier Corporation (NYSE:HFC)

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