Laurion Capital Management LP Buys Shares of 54,035 HollyFrontier Corporation (HFC)
Laurion Capital Management LP bought a new position in HollyFrontier Corporation (NYSE:HFC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 54,035 shares of the oil and gas company’s stock, valued at approximately $1,484,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its stake in HollyFrontier Corporation by 7,017.5% in the 1st quarter. BlackRock Inc. now owns 21,293,640 shares of the oil and gas company’s stock worth $603,462,000 after purchasing an additional 20,994,466 shares during the period. Vanguard Group Inc. boosted its stake in HollyFrontier Corporation by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 15,583,886 shares of the oil and gas company’s stock worth $441,649,000 after purchasing an additional 634,370 shares during the period. State Street Corp boosted its stake in HollyFrontier Corporation by 4.1% in the 1st quarter. State Street Corp now owns 7,883,569 shares of the oil and gas company’s stock worth $223,408,000 after purchasing an additional 308,388 shares during the period. Dimensional Fund Advisors LP boosted its stake in HollyFrontier Corporation by 57.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,295,800 shares of the oil and gas company’s stock worth $150,077,000 after purchasing an additional 1,926,908 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in HollyFrontier Corporation by 129.6% in the 2nd quarter. Principal Financial Group Inc. now owns 4,204,355 shares of the oil and gas company’s stock worth $115,495,000 after purchasing an additional 2,373,560 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.
Shares of HollyFrontier Corporation (NYSE:HFC) opened at 33.88 on Friday. The company has a market cap of $5.94 billion, a P/E ratio of 42.99 and a beta of 1.21. The stock’s 50 day moving average price is $30.42 and its 200-day moving average price is $27.91. HollyFrontier Corporation has a 12 month low of $22.63 and a 12 month high of $34.78.
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 for the quarter, topping analysts’ consensus estimates of $0.46 by $0.20. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier Corporation had a return on equity of 2.65% and a net margin of 1.13%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share. Equities research analysts expect that HollyFrontier Corporation will post $1.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Monday, August 21st. HollyFrontier Corporation’s payout ratio is presently 167.09%.
HFC has been the subject of several analyst reports. Scotiabank set a $29.00 target price on HollyFrontier Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. Zacks Investment Research downgraded HollyFrontier Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. Piper Jaffray Companies restated a “neutral” rating on shares of HollyFrontier Corporation in a research note on Thursday, May 25th. BidaskClub downgraded HollyFrontier Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $37.00 target price on shares of HollyFrontier Corporation in a research note on Thursday, June 15th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.72.
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HollyFrontier Corporation 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).
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