Icon Advisers Inc. Co. acquired a new stake in shares of HollyFrontier Corp (NYSE:HFC) in the third quarter, HoldingsChannel.com reports. The fund acquired 29,700 shares of the oil and gas company’s stock, valued at approximately $2,076,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in HFC. Premia Global Advisors LLC purchased a new stake in HollyFrontier during the 2nd quarter valued at approximately $101,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in 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 valued at $130,000 after buying an additional 1,500 shares in the last quarter. Mainstay Capital Management LLC ADV purchased a new stake in HollyFrontier during the 2nd quarter valued at approximately $137,000. Transamerica Financial Advisors Inc. purchased a new stake in HollyFrontier during the 2nd quarter valued at approximately $145,000. Finally, First Hawaiian Bank purchased a new stake in HollyFrontier during the 3rd quarter valued at approximately $147,000. 87.65% of the stock is owned by institutional investors and hedge funds.
HFC stock opened at $68.13 on Thursday. HollyFrontier Corp has a fifty-two week low of $41.32 and a fifty-two week high of $83.28. The company has a quick ratio of 1.30, a current ratio of 2.50 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $11.35 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 1.09 and a beta of 1.07.
HollyFrontier (NYSE:HFC) last posted its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.32. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The firm had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the firm posted $1.14 earnings per share. HollyFrontier’s revenue for the quarter was up 28.3% compared to the same quarter last year. Analysts predict that HollyFrontier Corp will post 5.72 earnings per share for the current year.
A number of equities research analysts have issued reports on HFC shares. Morgan Stanley increased their price objective on shares of HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a report on Monday, July 16th. Zacks Investment Research lowered shares of HollyFrontier from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Mizuho started coverage on shares of HollyFrontier in a report on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $70.00 price objective on shares of HollyFrontier in a report on Friday, August 3rd. Finally, US Capital Advisors lowered shares of HollyFrontier from an “overweight” rating to a “hold” rating in a report on Friday, September 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $71.38.
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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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