Sumitomo Mitsui Asset Management Company LTD continued to hold its stake in HollyFrontier Corporation (NYSE:HFC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,938 shares of the oil and gas company’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in HollyFrontier Corporation were worth $327,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in shares of HollyFrontier Corporation by 11.3% in the first quarter. Toronto Dominion Bank now owns 3,759 shares of the oil and gas company’s stock worth $107,000 after buying an additional 382 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of HollyFrontier Corporation by 5.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,472 shares of the oil and gas company’s stock worth $118,000 after buying an additional 236 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of HollyFrontier Corporation by 5,539.1% in the first quarter. First Mercantile Trust Co. now owns 6,485 shares of the oil and gas company’s stock worth $184,000 after buying an additional 6,370 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of HollyFrontier Corporation by 18.1% in the first 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. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of HollyFrontier Corporation during the first quarter worth about $205,000. 84.94% of the stock is owned by institutional investors and hedge funds.

HollyFrontier Corporation (NYSE:HFC) opened at 28.56 on Friday. The firm’s 50-day moving average price is $28.11 and its 200 day moving average price is $27.67. HollyFrontier Corporation has a 12-month low of $22.63 and a 12-month high of $34.78. The stock has a market capitalization of $5.01 billion, a P/E ratio of 36.24 and a beta of 1.24.

HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue was up 27.4% compared to the same quarter last year. On average, equities analysts anticipate that HollyFrontier Corporation will post $1.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Monday, August 21st. HollyFrontier Corporation’s dividend payout ratio (DPR) is 167.09%.

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A number of equities research analysts recently issued reports on HFC shares. Zacks Investment Research lowered HollyFrontier Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. Scotiabank set a $29.00 price target on HollyFrontier Corporation and gave the stock a “hold” rating in a research note on Thursday, May 4th. Barclays PLC reissued an “overweight” rating and set a $37.00 price target (down from $39.00) on shares of HollyFrontier Corporation in a research note on Friday, April 14th. Piper Jaffray Companies reissued a “neutral” rating on shares of HollyFrontier Corporation in a research note on Thursday, May 25th. Finally, Credit Suisse Group lowered HollyFrontier Corporation from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $30.00 to $33.00 in a research note on Thursday, May 4th. Four research 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. HollyFrontier Corporation has an average rating of “Hold” and a consensus price target of $30.32.

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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Institutional Ownership by Quarter for HollyFrontier Corporation (NYSE:HFC)

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