HollyFrontier Corp (HFC) Holdings Trimmed by Fmr LLC
Fmr LLC trimmed its position in HollyFrontier Corp (NYSE:HFC) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,402,160 shares of the oil and gas company’s stock after selling 97,269 shares during the period. Fmr LLC owned approximately 0.80% of HollyFrontier worth $95,949,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Raymond James & Associates lifted its stake in shares of HollyFrontier by 3.5% during the second quarter. Raymond James & Associates now owns 256,077 shares of the oil and gas company’s stock worth $17,523,000 after buying an additional 8,731 shares during the period. Millennium Management LLC lifted its stake in shares of HollyFrontier by 38.4% during the second quarter. Millennium Management LLC now owns 2,148,646 shares of the oil and gas company’s stock worth $147,032,000 after buying an additional 595,839 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of HollyFrontier by 13.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 47,774 shares of the oil and gas company’s stock worth $3,269,000 after buying an additional 5,766 shares during the period. Morgan Stanley lifted its stake in shares of HollyFrontier by 31.8% during the second quarter. Morgan Stanley now owns 1,959,745 shares of the oil and gas company’s stock worth $134,107,000 after buying an additional 473,166 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of HollyFrontier by 354.6% during the second 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 period. Institutional investors own 87.65% of the company’s stock.
Several research firms have recently commented on HFC. Royal Bank of Canada reiterated a “buy” rating and set a $70.00 price objective on shares of HollyFrontier in a research note on Friday, August 3rd. Mizuho began coverage on shares of HollyFrontier in a research note on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price objective for the company. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, July 19th. Morgan Stanley lifted their price objective on shares of HollyFrontier from $75.00 to $82.00 and gave the stock a “hold” rating in a research note on Monday, July 16th. Finally, US Capital Advisors upgraded shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $71.38.
HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.32. The company had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.42 billion. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, equities analysts predict that HollyFrontier Corp will post 5.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.32 dividend on an annualized basis and a yield of 2.04%. HollyFrontier’s dividend payout ratio is presently 56.90%.
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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