HollyFrontier Corp (HFC) Stake Lessened by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. lessened its stake in HollyFrontier Corp (NYSE:HFC) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,485 shares of the oil and gas company’s stock after selling 1,250 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in HollyFrontier were worth $733,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of HFC. DekaBank Deutsche Girozentrale grew its position in HollyFrontier by 1.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 89,370 shares of the oil and gas company’s stock worth $6,727,000 after purchasing an additional 1,607 shares during the last quarter. Pzena Investment Management LLC bought a new position in HollyFrontier in the 3rd quarter worth about $301,000. Globeflex Capital L P bought a new position in HollyFrontier in the 3rd quarter worth about $1,528,000. Ffcm LLC grew its position in HollyFrontier by 3.9% in the 3rd quarter. Ffcm LLC now owns 31,699 shares of the oil and gas company’s stock worth $2,215,000 after purchasing an additional 1,196 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in HollyFrontier by 6.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,552,909 shares of the oil and gas company’s stock worth $178,448,000 after purchasing an additional 152,230 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

HollyFrontier stock opened at $57.17 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.50 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $10.37 billion, a PE ratio of 24.64, a P/E/G ratio of 0.97 and a beta of 1.07. HollyFrontier Corp has a 12-month low of $42.42 and a 12-month high of $83.28.

HollyFrontier (NYSE:HFC) last posted its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.32. The business had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.42 billion. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The business’s revenue was up 28.3% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. As a group, sell-side analysts anticipate that HollyFrontier Corp will post 5.87 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 21st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, November 20th. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.

Several research analysts have commented on HFC shares. Royal Bank of Canada restated a “buy” rating and issued a $70.00 target price on shares of HollyFrontier in a research report on Friday, August 3rd. US Capital Advisors upgraded shares of HollyFrontier from a “hold” rating to an “overweight” rating in a research report on Monday, October 15th. Jefferies Financial Group upgraded shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 target price for the company in a research report on Tuesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of HollyFrontier from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 14th. Finally, ValuEngine cut shares of HollyFrontier from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $73.77.

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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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Institutional Ownership by Quarter for HollyFrontier (NYSE:HFC)

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