Caisse DE Depot ET Placement DU Quebec Has $860,000 Holdings in HollyFrontier Corporation (HFC)
Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of HollyFrontier Corporation (NYSE:HFC) by 17.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,800 shares of the oil and gas company’s stock after buying an additional 3,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in HollyFrontier were worth $860,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of HFC. Convergence Investment Partners LLC boosted its holdings in HollyFrontier by 154.5% during the third quarter. Convergence Investment Partners LLC now owns 126,119 shares of the oil and gas company’s stock valued at $4,536,000 after acquiring an additional 76,554 shares during the period. OxFORD Asset Management LLP bought a new stake in HollyFrontier during the third quarter valued at about $1,495,000. Commerzbank Aktiengesellschaft FI bought a new stake in HollyFrontier during the third quarter valued at about $657,000. KBC Group NV lifted its stake in shares of HollyFrontier by 118.3% in the third quarter. KBC Group NV now owns 39,683 shares of the oil and gas company’s stock valued at $1,427,000 after buying an additional 21,507 shares during the period. Finally, Boston Private Wealth LLC lifted its stake in shares of HollyFrontier by 4.2% in the third quarter. Boston Private Wealth LLC now owns 39,822 shares of the oil and gas company’s stock valued at $1,432,000 after buying an additional 1,589 shares during the period. 83.31% of the stock is currently owned by hedge funds and other institutional investors.
HollyFrontier Corporation (NYSE:HFC) traded down $0.26 during midday trading on Friday, hitting $47.80. 2,122,200 shares of the stock traded hands, compared to its average volume of 2,796,778. The firm has a market capitalization of $8,519.75, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31. The company has a current ratio of 2.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. HollyFrontier Corporation has a 12 month low of $23.46 and a 12 month high of $48.41.
HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.25. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.24 billion. HollyFrontier had a net margin of 2.55% and a return on equity of 5.18%. The company’s revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. research analysts expect that HollyFrontier Corporation will post 2.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 21st were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Monday, November 20th. HollyFrontier’s payout ratio is 69.47%.
Several equities research analysts recently weighed in on HFC shares. Scotiabank reiterated a “buy” rating and issued a $33.00 target price on shares of HollyFrontier in a research note on Friday, September 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of HollyFrontier in a research note on Friday, September 8th. Howard Weil increased their target price on shares of HollyFrontier from $33.00 to $39.00 and gave the company a “focus list” rating in a research note on Thursday, September 28th. J P Morgan Chase & Co cut shares of HollyFrontier from a “neutral” rating to an “underweight” rating and increased their target price for the company from $33.00 to $34.00 in a research note on Friday, October 6th. Finally, Tudor Pickering upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $40.67.
In related news, Director James H. Lee sold 5,149 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $47.17, for a total value of $242,878.33. Following the completion of the sale, the director now owns 52,240 shares of the company’s stock, valued at $2,464,160.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Jennings sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $44.50, for a total transaction of $200,250.00. Following the completion of the sale, the director now directly owns 49,717 shares of the company’s stock, valued at approximately $2,212,406.50. The disclosure for this sale can be found here. Company 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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