HighPoint Advisor Group LLC bought a new stake in shares of HollyFrontier Corp (NYSE:HFC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,253 shares of the oil and gas company’s stock, valued at approximately $898,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in HollyFrontier by 94.5% during the 1st quarter. Millennium Management LLC now owns 1,552,807 shares of the oil and gas company’s stock valued at $75,870,000 after buying an additional 754,562 shares during the period. BlueMountain Capital Management LLC purchased a new stake in HollyFrontier during the 2nd quarter valued at $49,174,000. Renaissance Technologies LLC boosted its position in HollyFrontier by 76.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,605,232 shares of the oil and gas company’s stock valued at $109,846,000 after buying an additional 697,650 shares during the period. Natixis boosted its position in HollyFrontier by 2,488.2% during the 2nd quarter. Natixis now owns 506,950 shares of the oil and gas company’s stock valued at $34,691,000 after buying an additional 487,363 shares during the period. Finally, Morgan Stanley boosted its position in HollyFrontier by 31.8% during the 2nd quarter. Morgan Stanley now owns 1,959,745 shares of the oil and gas company’s stock valued at $134,107,000 after buying an additional 473,166 shares during the period. 87.83% of the stock is currently owned by institutional investors.

NYSE:HFC opened at $68.92 on Tuesday. HollyFrontier Corp has a 12 month low of $32.46 and a 12 month high of $83.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 1.21. The stock has a market capitalization of $12.40 billion, a PE ratio of 29.71, a P/E/G ratio of 1.29 and a beta of 1.11.

HollyFrontier (NYSE:HFC) last posted its earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. research analysts forecast that HollyFrontier Corp will post 5.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, August 23rd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, August 22nd. This represents a $1.32 annualized dividend and a dividend yield of 1.92%. HollyFrontier’s dividend payout ratio is 56.90%.

Several brokerages have weighed in on HFC. US Capital Advisors cut shares of HollyFrontier from an “overweight” rating to a “hold” rating in a research report on Friday, September 7th. ValuEngine cut shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Credit Suisse Group increased their price target on shares of HollyFrontier from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, June 4th. Argus increased their price target on shares of HollyFrontier to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 24th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $70.00 price target on shares of HollyFrontier in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $62.18.

HollyFrontier Profile

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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