HollyFrontier Corp. (HFC) Shares Bought by Smith Graham & Co. Investment Advisors LP
Smith Graham & Co. Investment Advisors LP raised its stake in HollyFrontier Corp. (NYSE:HFC) by 27.6% during the second quarter, Holdings Channel reports. The fund owned 144,330 shares of the company’s stock after buying an additional 31,190 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in HollyFrontier Corp. were worth $3,431,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC acquired a new position in shares of HollyFrontier Corp. during the first quarter valued at $240,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in HollyFrontier Corp. during the first quarter valued at approximately $273,000. Trust Co purchased a new position in HollyFrontier Corp. during the first quarter valued at approximately $283,000. Magnetar Financial LLC raised its position in HollyFrontier Corp. by 14.5% in the first quarter. Magnetar Financial LLC now owns 9,904 shares of the company’s stock valued at $350,000 after buying an additional 1,252 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in HollyFrontier Corp. by 66.9% in the second quarter. LS Investment Advisors LLC now owns 16,282 shares of the company’s stock valued at $387,000 after buying an additional 6,525 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.
HollyFrontier Corp. (NYSE:HFC) traded up 3.77% during trading on Friday, hitting $24.50. The company had a trading volume of 3,150,213 shares. HollyFrontier Corp. has a 12 month low of $22.07 and a 12 month high of $52.30. The company’s market cap is $4.31 billion. The company’s 50 day moving average price is $25.51 and its 200-day moving average price is $28.17.
HollyFrontier Corp. (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.04. HollyFrontier Corp. had a positive return on equity of 8.00% and a negative net margin of 2.09%. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the company posted $1.88 earnings per share. The firm’s revenue for the quarter was down 26.7% on a year-over-year basis. Equities analysts expect that HollyFrontier Corp. will post $0.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, August 23rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $1.32 dividend on an annualized basis and a yield of 5.39%. HollyFrontier Corp.’s dividend payout ratio (DPR) is -93.62%.
HFC has been the subject of several research analyst reports. Morgan Stanley restated a “sell” rating and set a $26.00 price target on shares of HollyFrontier Corp. in a research report on Thursday, September 1st. TheStreet lowered HollyFrontier Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Wolfe Research lowered HollyFrontier Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. Deutsche Bank AG lowered HollyFrontier Corp. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $53.00 to $30.00 in a research report on Tuesday, July 12th. Finally, Barclays PLC restated a “buy” rating and set a $32.00 price target on shares of HollyFrontier Corp. in a research report on Friday, August 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.09.
HollyFrontier Corp. Company Profile
HollyFrontier Corporation (HollyFrontier) is an independent petroleum refiner. The Company produces various refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. The Company operates through two segments: Refining and Holly Energy Partners, L.P.
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