Oppenheimer Asset Management Inc. bought a new position in shares of HollyFrontier Corp (NYSE:HFC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,227 shares of the oil and gas company’s stock, valued at approximately $295,000.
Other large investors have also made changes to their positions in the company. Allianz Asset Management GmbH lifted its stake in HollyFrontier by 3.6% during the 1st quarter. Allianz Asset Management GmbH now owns 147,666 shares of the oil and gas company’s stock worth $7,215,000 after acquiring an additional 5,076 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in HollyFrontier by 37.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 8,421 shares of the oil and gas company’s stock worth $576,000 after acquiring an additional 2,301 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in HollyFrontier by 89.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 26,330 shares of the oil and gas company’s stock worth $1,800,000 after acquiring an additional 12,410 shares in the last quarter. Denali Advisors LLC lifted its stake in HollyFrontier by 1,484.2% during the 2nd quarter. Denali Advisors LLC now owns 30,100 shares of the oil and gas company’s stock worth $2,060,000 after acquiring an additional 28,200 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in HollyFrontier by 47.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 29,248 shares of the oil and gas company’s stock worth $2,001,000 after acquiring an additional 9,455 shares in the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.
HFC stock opened at $65.74 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 1.09 and a beta of 1.07. HollyFrontier Corp has a 1 year low of $41.33 and a 1 year high of $83.28.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, November 20th. HollyFrontier’s dividend payout ratio is currently 56.90%.
Several equities analysts recently issued reports on the company. US Capital Advisors raised HollyFrontier from a “hold” rating to an “overweight” rating in a research note on Monday, October 15th. Jefferies Financial Group raised HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 target price on the stock in a research note on Tuesday, October 16th. Zacks Investment Research lowered HollyFrontier from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Mizuho initiated coverage on HollyFrontier in a research note on Wednesday, August 1st. They set a “neutral” rating and a $75.00 target price on the stock. Finally, Morgan Stanley increased their price target on HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a research report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $71.38.
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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