Wellington Shields Capital Management LLC Invests $204,000 in HollyFrontier Corp (HFC) Stock

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.

Shares of HollyFrontier stock opened at $64.70 on Friday. The company has a market capitalization of $11.81 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.13 and a beta of 1.07. The company has a quick ratio of 1.30, a current ratio of 2.50 and a debt-to-equity ratio of 0.37. HollyFrontier Corp has a 52 week low of $41.68 and a 52 week high of $83.28.

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%.

ILLEGAL ACTIVITY NOTICE: “Wellington Shields Capital Management LLC Invests $204,000 in HollyFrontier Corp (HFC) Stock” was first published by WKRB News and is the property of of WKRB News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.wkrb13.com/2018/11/10/wellington-shields-capital-management-llc-invests-204000-in-hollyfrontier-corp-hfc-stock.html.

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.

Featured Article: Conference Calls and Individual Investors

Want to see what other hedge funds are holding HFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HollyFrontier Corp (NYSE:HFC).

Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply