HollyFrontier Corporation (NYSE:HFC) Shares Bought by Advisors Asset Management Inc.
Advisors Asset Management Inc. boosted its stake in shares of HollyFrontier Corporation (NYSE:HFC) by 28.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 723,516 shares of the oil and gas company’s stock after buying an additional 158,235 shares during the period. Advisors Asset Management Inc.’s holdings in HollyFrontier Corporation were worth $19,875,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Toronto Dominion Bank increased its stake in 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 valued at $107,000 after buying an additional 382 shares during the last quarter. AT Bancorp purchased a new stake in HollyFrontier Corporation during the second quarter valued at $104,000. Mn Services Vermogensbeheer B.V. increased its stake in 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 valued at $118,000 after buying an additional 236 shares during the last quarter. IFP Advisors Inc increased its stake in HollyFrontier Corporation by 304.6% in the second quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 3,674 shares during the last quarter. Finally, First Mercantile Trust Co. increased its stake in 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 valued at $184,000 after buying an additional 6,370 shares during the last quarter. 84.94% of the stock is owned by institutional investors and hedge funds.
Shares of HollyFrontier Corporation (HFC) opened at 28.56 on Friday. The firm has a market capitalization of $5.01 billion, a P/E ratio of 36.24 and a beta of 1.24. HollyFrontier Corporation has a one year low of $22.63 and a one year high of $34.78. The company’s 50 day moving average price is $28.11 and its 200 day moving average price is $27.67.
HollyFrontier Corporation (NYSE:HFC) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. On average, analysts expect that HollyFrontier Corporation will post $1.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.33 per share. The ex-dividend date is Monday, August 21st. This represents a $1.32 dividend on an annualized basis and a yield of 4.62%. HollyFrontier Corporation’s dividend payout ratio is currently 167.09%.
Several equities research analysts have recently weighed in on the company. BidaskClub raised HollyFrontier Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Barclays PLC reissued an “overweight” rating and issued a $39.00 price objective (up from $37.00) on shares of HollyFrontier Corporation in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $38.00 price objective (up from $36.00) on shares of HollyFrontier Corporation in a report on Wednesday. Scotiabank raised HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 2nd. Finally, Simmons reissued a “neutral” rating and issued a $25.00 price objective (down from $27.00) on shares of HollyFrontier Corporation in a report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company presently 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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