HollyFrontier Corporation (HFC) Shares Sold by LSV Asset Management
LSV Asset Management lessened its stake in shares of HollyFrontier Corporation (NYSE:HFC) by 66.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,400 shares of the oil and gas company’s stock after selling 501,760 shares during the quarter. LSV Asset Management owned 0.14% of HollyFrontier Corporation worth $7,015,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. 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. JPMorgan Chase & Co. boosted its stake in HollyFrontier Corporation by 52.9% during the second quarter. JPMorgan Chase & Co. now owns 1,494,747 shares of the oil and gas company’s stock worth $41,060,000 after buying an additional 517,129 shares during the period. Oppenheimer & Co. Inc. boosted its stake in HollyFrontier Corporation by 9.1% during the second quarter. Oppenheimer & Co. Inc. now owns 127,235 shares of the oil and gas company’s stock worth $3,495,000 after buying an additional 10,612 shares during the period. Swiss National Bank boosted its stake in HollyFrontier Corporation by 3.3% during the second quarter. Swiss National Bank now owns 613,907 shares of the oil and gas company’s stock worth $16,864,000 after buying an additional 19,600 shares during the period. Finally, Chicago Equity Partners LLC purchased a new position in HollyFrontier Corporation during the second quarter worth about $415,000. 83.84% of the stock is owned by institutional investors.
Several brokerages have weighed in on HFC. US Capital Advisors reaffirmed a “hold” rating on shares of HollyFrontier Corporation in a research note on Monday, May 22nd. Scotiabank set a $29.00 target price on shares of HollyFrontier Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. BidaskClub raised shares of HollyFrontier Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Simmons reaffirmed a “neutral” rating and set a $25.00 target price (down previously from $27.00) on shares of HollyFrontier Corporation in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. HollyFrontier Corporation currently has an average rating of “Hold” and a consensus price target of $31.72.
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HollyFrontier Corporation (NYSE:HFC) opened at 32.39 on Friday. The stock has a 50 day moving average of $30.15 and a 200 day moving average of $27.85. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $34.78. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 41.10 and a beta of 1.21.
HollyFrontier Corporation (NYSE:HFC) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) 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 business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. Equities analysts expect that HollyFrontier Corporation will post $1.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Monday, August 21st. HollyFrontier Corporation’s 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).
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