DNB Asset Management AS lessened its holdings in HollyFrontier Corp (NYSE:HFC) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,275 shares of the oil and gas company’s stock after selling 5,225 shares during the quarter. DNB Asset Management AS’s holdings in HollyFrontier were worth $1,886,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in shares of HollyFrontier by 6.2% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,487 shares of the oil and gas company’s stock valued at $229,000 after acquiring an additional 260 shares during the period. CSat Investment Advisory L.P. boosted its position in shares of HollyFrontier by 126.6% in the fourth quarter. CSat Investment Advisory L.P. now owns 528 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 295 shares during the period. Contravisory Investment Management Inc. raised its stake in HollyFrontier by 6.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 5,441 shares of the oil and gas company’s stock valued at $278,000 after purchasing an additional 314 shares in the last quarter. Hartford Investment Management Co. raised its stake in HollyFrontier by 1.0% in the fourth quarter. Hartford Investment Management Co. now owns 31,368 shares of the oil and gas company’s stock valued at $1,604,000 after purchasing an additional 319 shares in the last quarter. Finally, Greenleaf Trust raised its stake in HollyFrontier by 5.7% in the fourth quarter. Greenleaf Trust now owns 7,107 shares of the oil and gas company’s stock valued at $363,000 after purchasing an additional 386 shares in the last quarter. 87.15% of the stock is owned by institutional investors.
In related news, Director Michael Jennings sold 9,000 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $55.27, for a total value of $497,430.00. Following the completion of the sale, the director now directly owns 18,899 shares of the company’s stock, valued at approximately $1,044,547.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.49% of the company’s stock.
A number of research analysts recently commented on the company. Credit Suisse Group dropped their price target on HollyFrontier from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Goldman Sachs Group downgraded HollyFrontier from a “neutral” rating to a “sell” rating and dropped their price target for the company from $53.00 to $45.00 in a research note on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of HollyFrontier in a research note on Thursday, December 20th. Piper Jaffray Companies reissued a “neutral” rating on shares of HollyFrontier in a research note on Thursday, January 10th. Finally, ValuEngine raised HollyFrontier from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. HollyFrontier has a consensus rating of “Hold” and an average target price of $68.57.
HollyFrontier stock opened at $48.00 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 1.66 and a debt-to-equity ratio of 0.37. HollyFrontier Corp has a 52-week low of $46.75 and a 52-week high of $83.28. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.98 and a beta of 1.16.
HollyFrontier (NYSE:HFC) last released its quarterly earnings results on Wednesday, February 20th. The oil and gas company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.26. The business had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.41 billion. HollyFrontier had a return on equity of 17.85% and a net margin of 6.20%. HollyFrontier’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS. As a group, sell-side analysts forecast that HollyFrontier Corp will post 4.81 EPS for the current year.
HollyFrontier Company 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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