Barings LLC bought a new stake in HollyFrontier Corporation (NYSE:HFC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,900 shares of the oil and gas company’s stock, valued at approximately $464,000.

Other large investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its position in HollyFrontier by 0.7% during the second quarter. Wedbush Securities Inc. now owns 10,875 shares of the oil and gas company’s stock worth $299,000 after buying an additional 71 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of HollyFrontier by 1.3% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 7,707 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 100 shares during the period. World Asset Management Inc boosted its holdings in shares of HollyFrontier by 1.1% during the second quarter. World Asset Management Inc now owns 15,813 shares of the oil and gas company’s stock worth $434,000 after acquiring an additional 173 shares during the period. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of HollyFrontier during the second quarter worth approximately $204,000. Finally, Toronto Dominion Bank boosted its holdings in shares of HollyFrontier by 6.3% during the second quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 235 shares during the period. 83.31% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Michael Jennings sold 4,500 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $44.50, for a total transaction of $200,250.00. Following the transaction, the director now owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.51% of the company’s stock.

HFC has been the subject of a number of research analyst reports. Cowen restated a “hold” rating and set a $30.00 price objective on shares of HollyFrontier in a report on Tuesday, October 17th. Zacks Investment Research upgraded HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, October 17th. J P Morgan Chase & Co cut HollyFrontier from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $33.00 to $34.00 in a research note on Friday, October 6th. BidaskClub cut HollyFrontier from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada boosted their price target on HollyFrontier from $42.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. HollyFrontier presently has a consensus rating of “Hold” and an average target price of $39.20.

Shares of HollyFrontier Corporation (NYSE:HFC) traded up $1.59 during trading hours on Wednesday, hitting $45.90. 3,391,800 shares of the stock traded hands, compared to its average volume of 2,805,830. The firm has a market capitalization of $7,854.97, a P/E ratio of 28.59, a PEG ratio of 1.99 and a beta of 1.31. The company has a quick ratio of 0.98, a current ratio of 2.00 and a debt-to-equity ratio of 0.41. HollyFrontier Corporation has a 52 week low of $23.46 and a 52 week high of $46.16.

HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.25. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. HollyFrontier’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. sell-side analysts expect that HollyFrontier Corporation will post 2.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a yield of 2.88%. HollyFrontier’s payout ratio is 69.47%.

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HollyFrontier 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 (NYSE:HFC)

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