Commerzbank Aktiengesellschaft FI purchased a new stake in shares of HollyFrontier Corporation (NYSE:HFC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,258 shares of the oil and gas company’s stock, valued at approximately $657,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new position in HollyFrontier during the 2nd quarter valued at approximately $204,000. Toronto Dominion Bank raised its position in HollyFrontier by 6.3% during the 2nd quarter. Toronto Dominion Bank now owns 3,994 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 235 shares during the last quarter. FNY Managed Accounts LLC bought a new position in HollyFrontier during the 3rd quarter valued at approximately $163,000. Ffcm LLC raised its position in HollyFrontier by 2,500.0% during the 2nd quarter. Ffcm LLC now owns 4,628 shares of the oil and gas company’s stock valued at $130,000 after purchasing an additional 4,450 shares during the last quarter. Finally, IFP Advisors Inc raised its position in HollyFrontier by 304.6% during the 2nd quarter. IFP Advisors Inc now owns 4,880 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 3,674 shares during the last quarter. 83.31% of the stock is owned by institutional investors and hedge funds.

HollyFrontier Corporation (NYSE HFC) opened at $45.69 on Friday. HollyFrontier Corporation has a twelve month low of $23.46 and a twelve month high of $46.16. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $8,034.02, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.31.

HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.25. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.24 billion. HollyFrontier had a return on equity of 5.18% and a net margin of 2.55%. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 EPS. sell-side analysts expect that HollyFrontier Corporation will post 2.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st will be paid a $0.33 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.32 annualized dividend and a dividend yield of 2.89%. HollyFrontier’s payout ratio is currently 69.47%.

A number of research analysts have commented on HFC shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price target on shares of HollyFrontier in a research report on Friday, September 8th. Argus raised HollyFrontier from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Monday, November 20th. Zacks Investment Research raised HollyFrontier from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, October 17th. Barclays reaffirmed an “overweight” rating and set a $40.00 price target (up previously from $39.00) on shares of HollyFrontier in a research report on Tuesday, October 10th. Finally, Tudor Pickering upgraded HollyFrontier from a “hold” rating to a “buy” rating in a report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $39.73.

In related news, Director Michael Jennings sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $44.50, for a total value of $200,250.00. Following the sale, the director now owns 49,717 shares in the company, valued at approximately $2,212,406.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.51% of the company’s stock.

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

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