BB&T Securities LLC decreased its holdings in HollyFrontier Corp (NYSE:HFC) by 80.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,150 shares of the oil and gas company’s stock after selling 53,668 shares during the quarter. BB&T Securities LLC’s holdings in HollyFrontier were worth $673,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Vident Investment Advisory LLC raised its stake in HollyFrontier by 5.9% in the 4th quarter. Vident Investment Advisory LLC now owns 100,293 shares of the oil and gas company’s stock worth $5,137,000 after purchasing an additional 5,578 shares in the last quarter. Clark Capital Management Group Inc. raised its position in shares of HollyFrontier by 31.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 23,615 shares of the oil and gas company’s stock valued at $1,210,000 after buying an additional 5,584 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of HollyFrontier by 20.3% in the 4th quarter. Flinton Capital Management LLC now owns 144,194 shares of the oil and gas company’s stock valued at $7,385,000 after buying an additional 24,344 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of HollyFrontier by 20.3% in the 4th quarter. Meadow Creek Investment Management LLC now owns 67,856 shares of the oil and gas company’s stock valued at $3,475,000 after buying an additional 11,456 shares in the last quarter. Finally, Elkfork Partners LLC acquired a new position in shares of HollyFrontier in the 4th quarter valued at approximately $6,082,000. Institutional investors and hedge funds own 86.07% of the company’s stock.
HFC has been the subject of several analyst reports. ValuEngine upgraded shares of HollyFrontier from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of HollyFrontier from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research report on Wednesday, December 13th. Deutsche Bank dropped their target price on shares of HollyFrontier from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, March 19th. Bank of America cut shares of HollyFrontier from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $58.00 target price on shares of HollyFrontier in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. HollyFrontier presently has a consensus rating of “Hold” and an average target price of $45.13.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.12). The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.85 billion. HollyFrontier had a net margin of 5.65% and a return on equity of 7.51%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. equities research analysts forecast that HollyFrontier Corp will post 3.49 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Tuesday, February 27th. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.
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HollyFrontier Corporation is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It segments include Refining and Holly Energy Partners, L.P. (HEP). The Refining segment includes the operations of the Company’s El Dorado, Kansas (the El Dorado Refinery); refinery facilities located in Tulsa, Oklahoma (collectively, the Tulsa Refineries); a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the Navajo Refinery); refinery located in Cheyenne, Wyoming (the Cheyenne Refinery); a refinery in Woods Cross, Utah (the Woods Cross Refinery), and HollyFrontier Asphalt Company (HFC Asphalt).
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