TLP Group LLC Boosts Holdings in HollyFrontier Corporation (HFC)
TLP Group LLC boosted its position in HollyFrontier Corporation (NYSE:HFC) by 5,168.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,325 shares of the oil and gas company’s stock after purchasing an additional 9,148 shares during the quarter. TLP Group LLC’s holdings in HollyFrontier Corporation were worth $256,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. AT Bancorp bought a new position in HollyFrontier Corporation in the second quarter worth $104,000. Ffcm LLC raised its holdings in HollyFrontier Corporation by 2,500.0% in the second quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 4,450 shares in the last quarter. IFP Advisors Inc raised its holdings 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 worth $134,000 after purchasing an additional 3,674 shares in the last quarter. Van ECK Associates Corp raised its holdings in 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 purchasing an additional 1,073 shares in the last quarter. Finally, Vantage Financial Partners Ltd. Inc. bought a new position in HollyFrontier Corporation in the second quarter worth $204,000. Institutional investors and hedge funds own 82.47% of the company’s stock.
A number of equities analysts have issued reports on the company. BidaskClub upgraded HollyFrontier Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Barclays PLC reiterated an “overweight” rating and issued a $39.00 price objective (up previously from $37.00) on shares of HollyFrontier Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada increased their price objective on HollyFrontier Corporation from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Scotiabank reiterated a “buy” rating and issued a $33.00 price objective on shares of HollyFrontier Corporation in a report on Friday, September 8th. Finally, Simmons reiterated a “neutral” rating and issued a $25.00 price objective (down previously from $27.00) on shares of HollyFrontier Corporation in a report on Wednesday, July 12th. 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.72.
Shares of HollyFrontier Corporation (NYSE HFC) opened at 34.59 on Monday. The stock has a market capitalization of $6.07 billion, a PE ratio of 43.90 and a beta of 1.21. The stock has a 50 day moving average price of $30.42 and a 200-day moving average price of $27.91. HollyFrontier Corporation has a 1-year low of $22.63 and a 1-year high of $34.78.
HollyFrontier Corporation (NYSE:HFC) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the business earned $0.28 EPS. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, analysts forecast that HollyFrontier Corporation will post $1.55 earnings per share for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.32 annualized dividend and a yield of 3.86%. HollyFrontier Corporation’s dividend payout ratio (DPR) is 167.09%.
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HollyFrontier Corporation Company 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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