Shell Asset Management Co. boosted its position in HollyFrontier Corporation (NYSE:HFC) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,332 shares of the oil and gas company’s stock after buying an additional 1,458 shares during the period. Shell Asset Management Co.’s holdings in HollyFrontier Corporation were worth $613,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HFC. Russell Investments Group Ltd. increased its stake in HollyFrontier Corporation by 15.6% in the second quarter. Russell Investments Group Ltd. now owns 77,152 shares of the oil and gas company’s stock worth $2,120,000 after buying an additional 10,423 shares during the period. APG Asset Management N.V. increased its stake in HollyFrontier Corporation by 11.8% in the second quarter. APG Asset Management N.V. now owns 949,317 shares of the oil and gas company’s stock worth $26,078,000 after buying an additional 100,500 shares during the period. State Treasurer State of Michigan increased its stake in HollyFrontier Corporation by 1.4% in the second quarter. State Treasurer State of Michigan now owns 73,090 shares of the oil and gas company’s stock worth $2,008,000 after buying an additional 1,000 shares during the period. Douglas Lane & Associates LLC increased its stake in HollyFrontier Corporation by 7.8% in the second quarter. Douglas Lane & Associates LLC now owns 1,677,093 shares of the oil and gas company’s stock worth $46,070,000 after buying an additional 121,982 shares during the period. Finally, Aperio Group LLC increased its stake in HollyFrontier Corporation by 18.4% in the second quarter. Aperio Group LLC now owns 54,803 shares of the oil and gas company’s stock worth $1,505,000 after buying an additional 8,516 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

HollyFrontier Corporation (HFC) opened at 28.56 on Friday. HollyFrontier Corporation has a 12-month low of $22.63 and a 12-month high of $34.78. The firm has a 50 day moving average price of $28.11 and a 200 day moving average price of $27.67. The company has a market cap of $5.01 billion, a PE ratio of 36.24 and a beta of 1.24.

HollyFrontier Corporation (NYSE:HFC) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.20. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.24 billion. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. On average, analysts anticipate that HollyFrontier Corporation will post $1.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders 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 dividend yield of 4.62%. HollyFrontier Corporation’s dividend payout ratio is 167.09%.

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A number of research firms have weighed in on HFC. BidaskClub downgraded HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Barclays PLC restated an “overweight” rating and issued a $39.00 target price (up from $37.00) on shares of HollyFrontier Corporation in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $38.00 target price (up from $36.00) on shares of HollyFrontier Corporation in a research report on Wednesday. Scotiabank upgraded HollyFrontier Corporation from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded HollyFrontier Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. HollyFrontier Corporation currently has a consensus rating of “Hold” and an average target price 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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