Meeder Asset Management Inc. reduced its position in shares of HollyFrontier Corp (NYSE:HFC) by 51.9% in the second quarter, Holdings Channel reports. The firm owned 13,545 shares of the oil and gas company’s stock after selling 14,625 shares during the quarter. Meeder Asset Management Inc.’s holdings in HollyFrontier were worth $627,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in HFC. Amica Retiree Medical Trust bought a new stake in shares of HollyFrontier in the second quarter worth approximately $31,000. CSat Investment Advisory L.P. grew its stake in shares of HollyFrontier by 45.6% in the first quarter. CSat Investment Advisory L.P. now owns 769 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 241 shares during the period. AdvisorNet Financial Inc bought a new stake in shares of HollyFrontier in the second quarter worth approximately $39,000. NuWave Investment Management LLC grew its stake in shares of HollyFrontier by 69.7% in the second quarter. NuWave Investment Management LLC now owns 847 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 348 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in shares of HollyFrontier in the first quarter worth approximately $40,000. Institutional investors and hedge funds own 86.32% of the company’s stock.
Shares of NYSE HFC opened at $45.62 on Friday. The firm has a 50 day moving average of $47.92 and a 200 day moving average of $47.85. The company has a current ratio of 2.08, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. HollyFrontier Corp has a 12-month low of $37.73 and a 12-month high of $76.56.
HollyFrontier (NYSE:HFC) last announced its earnings results on Thursday, August 1st. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.51. The company had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.31 billion. HollyFrontier had a net margin of 5.25% and a return on equity of 18.51%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.45 earnings per share. Sell-side analysts predict that HollyFrontier Corp will post 4.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 22nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.32 annualized dividend and a yield of 2.89%. HollyFrontier’s dividend payout ratio (DPR) is 20.50%.
In other HollyFrontier news, Director Franklin Myers bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $49.72 per share, for a total transaction of $124,300.00. Following the completion of the transaction, the director now owns 24,989 shares of the company’s stock, valued at approximately $1,242,453.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.
A number of brokerages have recently commented on HFC. ValuEngine lowered shares of HollyFrontier from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Bank of America upgraded shares of HollyFrontier from an “underperform” rating to a “neutral” rating and set a $48.70 price target for the company in a research note on Monday, April 29th. Finally, Morgan Stanley set a $54.00 price target on shares of HollyFrontier and gave the stock a “hold” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.41.
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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