Salem Investment Counselors Inc. bought a new position in shares of HollyFrontier Corp (NYSE:HFC) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,970 shares of the oil and gas company’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Scout Investments Inc. acquired a new stake in shares of HollyFrontier during the 2nd quarter worth about $11,461,000. Sei Investments Co. lifted its stake in shares of HollyFrontier by 85.5% during the 2nd quarter. Sei Investments Co. now owns 114,436 shares of the oil and gas company’s stock worth $7,831,000 after buying an additional 52,735 shares during the last quarter. Perella Weinberg Partners Capital Management LP acquired a new stake in shares of HollyFrontier during the 2nd quarter worth about $1,846,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of HollyFrontier by 375.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $130,000 after buying an additional 1,500 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of HollyFrontier by 354.6% during the 2nd quarter. GSA Capital Partners LLP now owns 105,471 shares of the oil and gas company’s stock worth $7,217,000 after buying an additional 82,271 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Shares of HollyFrontier stock opened at $70.39 on Friday. HollyFrontier Corp has a twelve month low of $32.11 and a twelve month high of $83.28. The company has a quick ratio of 1.21, a current ratio of 2.38 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.18). HollyFrontier had a return on equity of 12.10% and a net margin of 8.62%. The business had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the firm earned $0.66 EPS. HollyFrontier’s revenue for the quarter was up 29.3% compared to the same quarter last year. equities research analysts expect that HollyFrontier Corp will post 5.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, August 23rd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, August 22nd. HollyFrontier’s dividend payout ratio (DPR) is 56.90%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Thursday, July 19th. Tudor Pickering upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating in a research note on Friday, May 18th. Wells Fargo & Co raised their target price on shares of HollyFrontier from $63.00 to $69.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 29th. Argus raised their target price on shares of HollyFrontier to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 24th. Finally, ValuEngine cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. HollyFrontier presently has an average rating of “Hold” and an average price target of $62.18.

About HollyFrontier

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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