BlackRock Inc. reduced its holdings in HollyFrontier Corporation (NYSE:HFC) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,130,817 shares of the oil and gas company’s stock after selling 162,823 shares during the period. BlackRock Inc. owned about 11.92% of HollyFrontier Corporation worth $580,464,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $441,649,000 after acquiring an additional 634,370 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 valued at $223,408,000 after acquiring an additional 308,388 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $150,077,000 after acquiring an additional 1,926,908 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of 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 valued at $115,495,000 after acquiring an additional 2,373,560 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of HollyFrontier Corporation by 8.7% in the 2nd quarter. Alliancebernstein L.P. now owns 3,776,442 shares of the oil and gas company’s stock valued at $103,739,000 after acquiring an additional 300,657 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

HollyFrontier Corporation (HFC) opened at 34.24 on Friday. HollyFrontier Corporation has a 52-week low of $22.63 and a 52-week high of $34.78. The firm’s 50-day moving average is $30.42 and its 200-day moving average is $27.91. The firm has a market capitalization of $6.01 billion, a PE ratio of 43.45 and a beta of 1.21.

HollyFrontier Corporation (NYSE:HFC) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.20. HollyFrontier Corporation had a net margin of 1.13% and a return on equity of 2.65%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the firm posted $0.28 EPS. HollyFrontier Corporation’s quarterly revenue was up 27.4% on a year-over-year basis. On average, analysts anticipate that HollyFrontier Corporation will post $1.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd were given a $0.33 dividend. The ex-dividend date was Monday, August 21st. This represents a $1.32 dividend on an annualized basis and a yield of 3.86%. HollyFrontier Corporation’s dividend payout ratio (DPR) is 167.09%.

Several analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 price objective on shares of HollyFrontier Corporation in a report on Friday, September 8th. Scotiabank reaffirmed a “buy” rating and issued a $33.00 price objective on shares of HollyFrontier Corporation in a report on Friday, September 8th. BidaskClub downgraded shares of HollyFrontier Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Barclays PLC reaffirmed an “overweight” rating and issued a $39.00 price objective (up from $37.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of HollyFrontier Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, eight have issued 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 $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).

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

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