Parametric Portfolio Associates LLC Purchases 46,360 Shares of HollyFrontier Corporation (HFC)
Parametric Portfolio Associates LLC raised its position in HollyFrontier Corporation (NYSE:HFC) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 663,146 shares of the oil and gas company’s stock after purchasing an additional 46,360 shares during the quarter. Parametric Portfolio Associates LLC owned 0.37% of HollyFrontier Corporation worth $18,217,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HFC. BlackRock Inc. increased its position in shares of 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 valued at $603,462,000 after acquiring an additional 20,994,466 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of HollyFrontier Corporation by 129.6% in the second quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock valued at $115,495,000 after acquiring an additional 2,373,560 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $150,077,000 after acquiring an additional 1,926,908 shares during the last quarter. Kempen Capital Management N.V. acquired a new stake in shares of HollyFrontier Corporation in the second quarter valued at about $24,366,000. Finally, JPMorgan Chase & Co. increased its position in shares of HollyFrontier Corporation by 383.3% in the first quarter. JPMorgan Chase & Co. now owns 977,618 shares of the oil and gas company’s stock valued at $27,705,000 after acquiring an additional 775,341 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.
HollyFrontier Corporation (NYSE HFC) opened at 35.85 on Friday. HollyFrontier Corporation has a 12 month low of $22.63 and a 12 month high of $37.00. The firm has a market cap of $6.29 billion, a P/E ratio of 45.49 and a beta of 1.23. The firm’s 50-day moving average price is $32.45 and its 200-day moving average price is $28.55.
HollyFrontier Corporation (NYSE:HFC) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.20. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the business posted $0.28 EPS. HollyFrontier Corporation’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts expect that HollyFrontier Corporation will post $1.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. HollyFrontier Corporation’s payout ratio is currently 167.09%.
A number of analysts recently issued reports on the company. J P Morgan Chase & Co downgraded HollyFrontier Corporation from a “neutral” rating to an “underweight” rating in a research report on Friday. Scotiabank set a $29.00 target price on HollyFrontier Corporation and gave the company a “hold” rating in a research report on Monday, June 26th. BidaskClub raised HollyFrontier Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Simmons reaffirmed a “neutral” rating and issued a $25.00 target price (down previously from $27.00) on shares of HollyFrontier Corporation in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. HollyFrontier Corporation currently has an average rating of “Hold” and a consensus target price of $34.05.
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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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