Flinton Capital Management LLC increased its stake in shares of HollyFrontier Corporation (NYSE:HFC) by 76.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,612 shares of the oil and gas company’s stock after buying an additional 7,650 shares during the period. Flinton Capital Management LLC’s holdings in HollyFrontier Corporation were worth $484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HFC. UBS Asset Management Americas Inc. lifted its position in HollyFrontier Corporation by 14.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 546,257 shares of the oil and gas company’s stock worth $15,481,000 after buying an additional 67,870 shares in the last quarter. Nordea Investment Management AB lifted its position in HollyFrontier Corporation by 13.2% during the 1st quarter. Nordea Investment Management AB now owns 7,540 shares of the oil and gas company’s stock worth $214,000 after buying an additional 877 shares in the last quarter. JPMorgan Chase & Co. lifted its position in HollyFrontier Corporation by 383.3% during the 1st quarter. JPMorgan Chase & Co. now owns 977,618 shares of the oil and gas company’s stock worth $27,705,000 after buying an additional 775,341 shares in the last quarter. SG Americas Securities LLC lifted its position in HollyFrontier Corporation by 232.7% during the 1st quarter. SG Americas Securities LLC now owns 19,716 shares of the oil and gas company’s stock worth $559,000 after buying an additional 13,790 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in HollyFrontier Corporation by 18.1% during the 1st quarter. Van ECK Associates Corp now owns 7,001 shares of the oil and gas company’s stock worth $198,000 after buying an additional 1,073 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

HFC has been the topic of several research reports. BidaskClub downgraded shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. J P Morgan Chase & Co downgraded shares of HollyFrontier Corporation from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $33.00 to $34.00 in a research report on Friday, October 6th. Howard Weil upped their price target on shares of HollyFrontier Corporation from $33.00 to $39.00 and gave the stock a “focus list” rating in a research report on Thursday, September 28th. Barclays PLC upped their price target on shares of HollyFrontier Corporation from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Finally, Scotiabank reissued a “buy” rating and set a $33.00 price objective on shares of HollyFrontier Corporation in a report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $34.15.

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Shares of HollyFrontier Corporation (NYSE HFC) opened at 36.19 on Wednesday. The firm’s 50-day moving average price is $33.17 and its 200 day moving average price is $28.75. HollyFrontier Corporation has a one year low of $22.63 and a one year high of $37.00. The company has a market capitalization of $6.35 billion, a PE ratio of 45.93 and a beta of 1.23.

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 (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 company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue was up 27.4% compared to the same quarter last year. Analysts anticipate that HollyFrontier Corporation will post $1.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were given a dividend of $0.33 per share. The ex-dividend date was Monday, August 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.65%. HollyFrontier Corporation’s dividend payout ratio (DPR) is 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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Institutional Ownership by Quarter for HollyFrontier Corporation (NYSE:HFC)

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