Afam Capital Inc. lifted its holdings in shares of HollyFrontier Corp (NYSE:HFC) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,398 shares of the oil and gas company’s stock after acquiring an additional 1,314 shares during the period. Afam Capital Inc.’s holdings in HollyFrontier were worth $5,969,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in shares of HollyFrontier during the third quarter worth about $368,000. First Republic Investment Management Inc. bought a new stake in shares of HollyFrontier during the third quarter worth about $250,000. Loomis Sayles & Co. L P increased its position in shares of HollyFrontier by 99.4% during the third quarter. Loomis Sayles & Co. L P now owns 5,617 shares of the oil and gas company’s stock worth $393,000 after acquiring an additional 2,800 shares in the last quarter. Kepos Capital LP increased its position in shares of HollyFrontier by 22.1% during the third quarter. Kepos Capital LP now owns 89,695 shares of the oil and gas company’s stock worth $6,270,000 after acquiring an additional 16,211 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of HollyFrontier during the third quarter worth about $116,000. 85.66% of the stock is owned by institutional investors.

HollyFrontier stock opened at $56.85 on Monday. HollyFrontier Corp has a fifty-two week low of $42.42 and a fifty-two week high of $83.28. The stock has a market cap of $9.85 billion, a P/E ratio of 24.50, a PEG ratio of 0.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.50.

HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.32. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The business had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, research analysts anticipate that HollyFrontier Corp will post 5.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.

Several equities research analysts have recently commented on HFC shares. JPMorgan Chase & Co. boosted their target price on shares of HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 14th. ValuEngine downgraded shares of HollyFrontier from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. US Capital Advisors downgraded shares of HollyFrontier from an “overweight” rating to a “hold” rating in a research report on Friday, September 7th. Cowen set a $76.00 target price on shares of HollyFrontier and gave the stock a “hold” rating in a research report on Monday, December 3rd. Finally, Jefferies Financial Group raised shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 target price for the company in a research report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus target price of $74.62.

In related news, Director Robert J. Kostelnik sold 1,500 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $61.62, for a total transaction of $92,430.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.51% of the stock is currently owned by insiders.

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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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