Great West Life Assurance Co. Can Has $35.66 Million Stock Position in HollyFrontier Co. (NYSE:HFC)

Great West Life Assurance Co. Can lifted its holdings in shares of HollyFrontier Co. (NYSE:HFC) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,084,106 shares of the oil and gas company’s stock after buying an additional 17,306 shares during the period. Great West Life Assurance Co. Can’s holdings in HollyFrontier were worth $35,655,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in HollyFrontier by 3.8% in the 2nd quarter. BlackRock Inc. now owns 12,955,006 shares of the oil and gas company’s stock worth $426,221,000 after purchasing an additional 472,141 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in HollyFrontier by 17.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,043,291 shares of the oil and gas company’s stock worth $216,231,000 after purchasing an additional 883,893 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in HollyFrontier by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,490,451 shares of the oil and gas company’s stock worth $124,889,000 after purchasing an additional 71,732 shares in the last quarter. Schroder Investment Management Group increased its holdings in HollyFrontier by 21.7% in the 1st quarter. Schroder Investment Management Group now owns 2,673,219 shares of the oil and gas company’s stock worth $95,648,000 after purchasing an additional 476,697 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in HollyFrontier by 2.9% in the 1st quarter. Geode Capital Management LLC now owns 2,646,809 shares of the oil and gas company’s stock worth $94,544,000 after purchasing an additional 74,684 shares in the last quarter. 84.51% of the stock is owned by institutional investors.

In other news, Director Franklin Myers acquired 5,000 shares of HollyFrontier stock in a transaction on Tuesday, August 10th. The stock was acquired at an average cost of $29.20 per share, with a total value of $146,000.00. Following the completion of the acquisition, the director now owns 44,825 shares in the company, valued at $1,308,890. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Jennings acquired 7,500 shares of HollyFrontier stock in a transaction on Tuesday, August 10th. The shares were purchased at an average cost of $29.07 per share, with a total value of $218,025.00. The disclosure for this purchase can be found here. Company insiders own 0.42% of the company’s stock.

Shares of HollyFrontier stock opened at $32.31 on Friday. The company has a market cap of $5.25 billion, a PE ratio of 27.15 and a beta of 1.79. HollyFrontier Co. has a 52 week low of $16.81 and a 52 week high of $42.39. The business has a 50 day moving average price of $30.04 and a 200-day moving average price of $33.18. The company has a quick ratio of 1.21, a current ratio of 2.06 and a debt-to-equity ratio of 0.51.

HollyFrontier (NYSE:HFC) last issued its quarterly earnings data on Tuesday, August 3rd. The oil and gas company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.63 by $0.24. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $3.57 billion. HollyFrontier had a negative return on equity of 2.18% and a net margin of 1.43%. The company’s quarterly revenue was up 121.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.25) earnings per share. As a group, research analysts anticipate that HollyFrontier Co. will post 1.05 EPS for the current year.

A number of research firms have commented on HFC. Wolfe Research lowered HollyFrontier from a “peer perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Wednesday, July 14th. Morgan Stanley began coverage on HollyFrontier in a research report on Tuesday, September 7th. They issued an “overweight” rating and a $40.00 price target on the stock. Barclays cut their target price on HollyFrontier from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 29th. Credit Suisse Group upgraded HollyFrontier from a “neutral” rating to an “outperform” rating and cut their target price for the company from $45.00 to $42.00 in a research report on Tuesday, July 27th. Finally, Wells Fargo & Company upgraded HollyFrontier from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $28.00 to $31.00 in a research report on Thursday, August 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.67.

About HollyFrontier

HollyFrontier Corp. is an independent petroleum refiner and marketer. It specializes in gasoline, diesel fuel, jet fuel, and modified asphalt. The firm operates through the following segments: Refining; Lubricants and Specialty Products; and Holly Energy Partners, LP (HEP). The Refining segment includes the operations in El Dorado, Tulsa, Navajo, Cheyenne, and Woods Cross Refineries.

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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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