Russell Investments Group Ltd. raised its holdings in shares of HollyFrontier Corporation (NYSE:HFC) by 15.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 77,152 shares of the oil and gas company’s stock after purchasing an additional 10,423 shares during the period. Russell Investments Group Ltd.’s holdings in HollyFrontier Corporation were worth $2,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HFC. Bank of Montreal Can increased its position in HollyFrontier Corporation by 8.7% during the 1st quarter. Bank of Montreal Can now owns 107,456 shares of the oil and gas company’s stock valued at $3,046,000 after purchasing an additional 8,559 shares during the period. Retirement Systems of Alabama increased its position in HollyFrontier Corporation by 0.9% during the 1st quarter. Retirement Systems of Alabama now owns 228,974 shares of the oil and gas company’s stock valued at $6,489,000 after purchasing an additional 1,947 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in HollyFrontier Corporation by 5.6% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 4,472 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 236 shares during the period. First Mercantile Trust Co. increased its position in HollyFrontier Corporation by 5,539.1% during the 1st quarter. First Mercantile Trust Co. now owns 6,485 shares of the oil and gas company’s stock valued at $184,000 after purchasing an additional 6,370 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in HollyFrontier Corporation by 37.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 134,269 shares of the oil and gas company’s stock valued at $3,805,000 after purchasing an additional 36,571 shares during the period. 83.84% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have commented on the stock. BidaskClub raised shares of HollyFrontier Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Royal Bank Of Canada raised their price target on shares of HollyFrontier Corporation from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Barclays PLC raised their price target on shares of HollyFrontier Corporation from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Scotiabank upgraded shares of HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.75.

HollyFrontier Corporation (HFC) traded up 3.80% during mid-day trading on Monday, reaching $32.50. 3,927,551 shares of the company were exchanged. The stock has a 50-day moving average of $28.99 and a 200 day moving average of $27.69. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $34.78. The firm has a market capitalization of $5.70 billion, a P/E ratio of 41.24 and a beta of 1.21.

HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.20. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The firm’s revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. Equities research analysts forecast that HollyFrontier Corporation will post $1.30 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be paid a $0.33 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.32 annualized dividend and a yield of 4.06%. HollyFrontier Corporation’s dividend payout ratio is currently 167.09%.

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).

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

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