Wellington Shields Capital Management LLC bought a new position in shares of HollyFrontier Corp (NYSE:HFC) during the 3rd quarter, HoldingsChannel reports. The firm bought 2,914 shares of the oil and gas company’s stock, valued at approximately $204,000.
A number of other institutional investors have also modified their holdings of HFC. Allianz Asset Management GmbH lifted its position in shares of HollyFrontier by 3.6% during the first quarter. Allianz Asset Management GmbH now owns 147,666 shares of the oil and gas company’s stock valued at $7,215,000 after buying an additional 5,076 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of HollyFrontier by 37.6% during the second quarter. IFM Investors Pty Ltd now owns 8,421 shares of the oil and gas company’s stock valued at $576,000 after buying an additional 2,301 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of HollyFrontier by 89.2% during the second quarter. State of Alaska Department of Revenue now owns 26,330 shares of the oil and gas company’s stock valued at $1,800,000 after buying an additional 12,410 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of HollyFrontier by 47.8% during the second quarter. Xact Kapitalforvaltning AB now owns 29,248 shares of the oil and gas company’s stock valued at $2,001,000 after buying an additional 9,455 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in shares of HollyFrontier during the second quarter valued at about $246,000. Institutional investors own 87.65% of the company’s stock.
Several research firms have commented on HFC. US Capital Advisors raised shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research report on Monday, October 15th. Jefferies Financial Group raised shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 price target for the company in a research report on Tuesday, October 16th. Zacks Investment Research lowered shares of HollyFrontier from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Mizuho began coverage on shares of HollyFrontier in a research report on Wednesday, August 1st. They set a “neutral” rating and a $75.00 price target for the company. Finally, Morgan Stanley increased their price target on shares of HollyFrontier from $75.00 to $82.00 and gave the company a “hold” rating in a research report on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $71.38.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.32. The firm had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.42 billion. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. HollyFrontier’s revenue was up 28.3% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. Analysts expect that HollyFrontier Corp will post 5.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, November 20th. HollyFrontier’s payout ratio is currently 56.90%.
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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